Review of MMI Fund’s reverse mortgage book sheds light on evolving HECM

The report on the Home Equity Conversion Mortgage (HECM) book of business inside the Mutual Mortgage Insurance (MMI) Fund was another positive overall development for the program, with the estimated economic net worth of the HECM MMI at $15.368 billion, according to the Federal Housing Administratio
Read MoreIn video message, NAR mistakenly claims it has never set commissions

In a bizarre turn of events, the National Association of Realtors posted, then removed before reposting, a video featuring the trade group’s interim CEO Nykia Wright “setting the record straight” on agent commissions.The video was first posted on Wednesday around 9 a.m. ET before being removed rough
Read MoreThe 2024 Tech100 Mortgage and Real Estate winners are now live

For the past 12 years, HousingWire’s Tech100 program has recognized the industry’s most innovative and impactful technology companies that are continuing to bring long-awaited solutions to the challenges that mortgage and real estate professionals have struggled with for decades. The award uncovers
Read MoreNewRez restructures retail division, cuts senior managers

Top 10 mortgage lender and servicer NewRez is restructuring its distributed retail mortgage business, which has resulted in cuts to regional and divisional managers. The restructuring also includes reduced compensation for loan officers, and sources said that many are seeking new opportunities at ri
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