Home-price growth at decade low, Florida markets lead declines

Home-price growth in the U.S. fell to its lowest rate in more than a decade this April, according to the latest data from Cotality.Weighing on the market were continued concerns about the economy, including job stability, inflation and possible tariff impacts — all contributing to sluggish buyer dem
Read MoreWhite House expects reverse mortgages to continue producing government receipts

Following last month’s release of the so-called “skinny budget” from the White House, the Office of Management and Budget (OMB) has released a 1,200-plus page appendix for the proposal. It includes projections related to the performance of the Home Equity Conversion Mortgage (HECM) portion of the Mu
Read MorePrudent AI debuts non-QM underwriting tool

Prudent AI — a California-based financial technology company — has released what it calls the first upfront automated underwriting system (AUS) designed specifically for non-qualified mortgages (non-QMs).Unlike traditional AUS tools — which assess loan eligibility later in the mortgage process — Pru
Read MoreTCB’s appeal against Ginnie Mae over reverse-backed collateral will proceed

Following its vow to appeal the initial decision in a case brought against Ginnie Mae over rights to reverse mortgage-backed collateral stemming from the collapse of a major industry lender, filings by Texas Capital Bank (TCB) have been docketed and assigned a case number in the Fifth Circuit Court
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