NRMLA, MBA submit HMBS 2.0 comments to Ginnie Mae

The National Reverse Mortgage Lenders Association (NRMLA) and the Mortgage Bankers Association (MBA) have submitted a joint letter to Ginnie Mae acting president Sam Valverde, offering their thoughts and perspectives on the government-owned company’s proposed supplemental Home Equity Conversion Mort
Read MoreMassachusetts budget features programs to support seniors, aging in place

Massachusetts Gov. Maura Healey (D) has signed a $57.8 billion state budget for 2025, which features several provisions designed to assist the state’s senior residents with health care, food assistance and aging-in-place provisions like home-based care. This is according to announcements by Healy’s
Read MoreSeller impersonation fraud is on the rise: NDP Analytics

Seller impersonation fraud is on the rise. A study conducted by NDP Analytics found that 28% of title companies experienced at least one seller impersonation fraud attempt in 2023, and in April 2024 alone, 19% of firms experienced at least one of these attempts. The study, which was released on Mond
Read MoreLenders, brokerages weather stock market sell-off, but homebuilders get thumped

The global stock selloff that began overnight in Asia rolled through U.S. markets on Monday as the S&P 500 and the Dow Jones Industrial Average fell by 3% and 2.6%, respectively.While technology-sector darlings such as Nvidia and Apple got thumped the hardest, the real estate industry also took its
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