As the dust settles from the confirmation hearing of Scott Turner to serve as the new secretary of the U.S. Department of Housing and Urban Development (HUD), lawmakers on both sides of the aisle are logging their reactions in official statements and social media posts ahead of an expected Senate vo

A notice implemented into the reverse mortgage servicing process that is designed to flag potential foreclosures if they are in a federally declared disaster area could prove to be beneficial for any borrowers currently impacted by the Los Angeles-area wildfires, according to a servicing industry ex

Purchase mortgage applications for new homes rose 8.9% year over year in December 2024, according to a report released Friday by the Mortgage Bankers Association (MBA). Application volume decreased by 3% compared to November.MBA’s Builder Application Survey for December monitors application volumes

The U.S. Department of Justice (DOJ) announced this week that Mark Steven Diamond, who was accused of “bilking elderly homeowners in a reverse mortgage and home repair scheme,” was sentenced to 17 years in federal prison by the U.S. District Court for the Northern District of Illinois.Diamond was cr