NAF reverse VP talks 2024 business, collaboration with forward side

Shannon Robinson has been serving as vice president for the reverse mortgage division at New American Funding (NAF) for just over a year, a time that was marked by a lot of challenges across the reverse mortgage. Some of these challenges, especially in relation to historic interest rate increases, w
Read MoreSouthern states have some of the country’s highest commission rates

The series of lawsuits that have been shaking the real estate industry for the past several months have all revolved around the same issue: Realtor commissions.In the Sitzer-Burnett case, plaintiffs successfully argued that real estate commission rates were too high. They also alleged that the Natio
Read MoreThe worst for mortgages may be over, but younger borrowers still face affordability challenges

The worst times for mortgage originations may be over as the market appears to be turning, but it’s still an unaffordable environment for younger borrowers in particular, according to a fourth-quarter 2023 lending report from Maxwell.Loan volume between the third and fourth quarters declined by 21%,
Read MoreRent growth shows little fluctuation in January: Redfin

The median U.S. asking rent reached $1,964 in January, rising by 1.1% year over year, according to a Redfin report. While rent growth was positive in January, it remains a far cry from the double-digit growth recorded during the early stages of the COVID-19 pandemic. As landlords grapple with higher
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