Moody’s reaffirms ‘above-average’ quality rating for reverse mortgage servicer Celink

Bond credit-rating organization Moody’s Investors Service has reaffirmed its “above-average” rating for the reverse mortgage servicing performance of Celink, which is the current holder of the U.S. Department of Housing and Urban Development (HUD)’s Home Equity Conversion Mortgage (HECM) servicing c
Read MoreFannie Mae’s Doug Duncan on Fed ‘overcommunication,’ ‘dormant’ lenders and second mortgages

Doug Duncan, the chief economist at Fannie Mae, believes pressures from fiscal and monetary policy have brought volatility to the secondary mortgage market, creating a “higher-for-longer” scenario in the U.S. economy that mortgage companies should be ready to face.“Every indicator that comes out, th
Read MoreQ1 2024 mortgage lending activity declines to near-record low

Mortgage lending in the U.S. dropped by 6.7% in the first quarter of 2024 to 1.28 million mortgages secured by residential property, the 11th drop recorded in the past 12 quarters and the lowest level since the year 2000, according to the newest U.S. Residential Property Mortgage Origination Report
Read MoreThe Real Brokerage adds more teams in May

The Real Brokerage announced Thursday the addition of several new teams across the U.S. last month as the publicly traded company pushed its agent count above 19,000. The newly released 2024 RealTrends Verified rankings, based on 2023 data, showed that Real was the sixth-largest brokerage in the cou
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