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FOA narrows losses, touts dominance of reverse mortgage market

Housing Wire

The company also touted its dominance in Home Equity Conversion Mortgages (HECMs) and proprietary reverse mortgages, noting its 37% share of the total market while expressing a goal of doubling its monthly loan origination volume on a dollar amount basis in the months ahead.

Marketing 327
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Housing Market Tracker: Inventory falls even lower

Housing Wire

Mortgage rates didn’t move much last week, but the 10-year yield rose even though inflation data was tamer than expected, and we had a weaker retail sales report number. Even though the market stress has decreased lately, the assumption is that credit will only get tighter as the year grows.

Inventory 521
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Older Americans are ‘splurging’ on home modifications to support aging in place

Housing Wire

One profiled couple in California hired an interior designer for $20,000, and spent another $95,000 on home modifications designed to more easily accommodate natural limitations to mobility that come from aging.

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Fintech Maxwell launches POS feature that offers tailored workflows for lenders

Housing Wire

With Blueprint Builder, triggers and business rules can be configured to align the borrower experience to operations processes (such as credit score-based rules), and to support multiple business units or channels, including retail, direct-to-consumer and wholesale.

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GSEs Seek Input on Duty to Serve Plans

Appraisal Buzz

The Federal Housing Finance Agency (FHFA) has issued a Request for Input (RFI) on the proposed 2025-2027 Underserved Markets Plans submitted by Fannie Mae and Freddie Mac (the GSEs) under the Duty to Serve (DTS) program. Census Bureau, the nation’s manufactured housing market provides affordable housing to nearly 6.7 Thompson. “I

Finance 390
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Impac Mortgage Holdings repositions as broker shop 

Housing Wire

California-based Impac Mortgage Holdings is repositioning itself as a mortgage brokerage and voluntarily giving up its seller-servicer designation with Fannie Mae and Freddie Mac. Impac is transitioning its retail consumer direct lending division into a mortgage broker fulfillment model to offer various products at a reduced cost per loan.

Mortgage 338
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Rocket goes local: Testing the waters or shifting its strategy? 

Housing Wire

Its centralized call center business model, which Rocket relied upon to dominate an unprecedented refi market , isn’t as durable when interest rates are high, there are few refi opportunities and having strong relationships with real estate agents is what brings home the bacon. And Rocket is well aware.