Mortgage industry excitement is subsiding about expected Fed rate cuts in 2024

One of the major takeaways from Federal Reserve Chair Jerome Powell’s Wednesday news conference was that officials still expect interest rates to come down three times this year, indicating that recent higher-than-expected inflation numbers haven’t been enough to derail previous forecasts. As widely
Read MoreTane Cabe talks reverse mortgage industry challenges, software development

Reverse mortgage industry veteran Tane Cabe recently left his position at Fairway Independent Mortgage Corp.’s reverse division to transition back into a role as a reverse mortgage broker. He joined C2 Financial’s reverse division in a move that he says helped to return him to his “roots.”RMD caught
Read MoreNAR addresses ‘incorrect claims’ in Biden’s housing proposal speech

Although the National Association of Realtors (NAR) is grateful for the White House’s focus on the nation’s affordable housing crisis, the trade group was not thrilled about remarks President Joe Biden made about real estate agent commissions.In a speech given at Stupak Community Center in Las Vegas
Read MoreLending association recognizes reverse mortgage vendors with awards

The PROGRESS in Lending Association released the names for its 2024 Innovations Award winners last week, including two vendors that are active in the reverse mortgage industry, according to an announcement.The organization recognized LoanPASS for its loan pricing software, which can map out forward
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