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Rhode Island historian uses a reverse mortgage as an estate planning tool

Housing Wire

“The foundation would get what was described, in a January 2023 fundraising package, as a ‘prestigious headquarters … [and] site for small scale, but elegant events’ with its ‘voluminous library on American legal and constitutional development’ as a resource for nearby Roger Williams University ‘s law school.”

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Guild Mortgage CEO on values, culture and M&A priorities

Housing Wire

Part of the strategy, she said, is to remain focused predominantly on the retail side of the business. “We We decided going forward that we’re going to focus 100% on retail ,” she said. “We We look for like-minded companies that have the same culture, because culture and leadership are key.

Retail 411
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United Wholesale Mortgage’s Blink+ tool includes an LOS, POS and CRM all in one package

Housing Wire

The wholesale channel will continue to grow as more retail originators and borrowers learn the benefits of working with a mortgage broker. Blink+ is a white-label, borrower-facing digital application tool. United Wholesale Mortgage (UWM) is solely focused on growing the wholesale channel and helping independent brokers thrive. “At

Tools 306
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Mortgage reserves can help Black borrowers sustain homeownership: report

Housing Wire

The continuous development of loss mitigation tools and practices in the mortgage industry will play an essential part in preventing future foreclosures, but additional safety nets — particularly for those mortgage customers who belong to historically disadvantaged populations — will play a critical role in thinning the racial wealth gap.

Mortgage 368
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What mortgage lenders need to know about wholesale

Housing Wire

Desmond Smith: There are two ways to get a mortgage — wholesale or retail. Retail lending is when you walk into a bank branch or go to an online lender, and they help you get a mortgage. As the top mortgage lender, we are always building, growing and improving broker tools on a daily basis. And those tools are just the start.

Mortgage 369
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Pennymac shakes up tech leadership

Housing Wire

He will be responsible for developing a road map to expand Pennymac’s proprietary servicing platform, Servicing Systems Environment (SSE). David Spector, chairman and CEO at Pennymac, said Follette’s “strategic acumen” positions him to lead the company in a “new era of technological advancement and ingenuity.”

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Mortgage rates dip to 6.6% to mark the lowest level since May 2023

Housing Wire

This is an encouraging development for the housing market and in particular first-time homebuyers who are sensitive to changes in housing affordability. This week, December’s retail sales report showed strong consumer spending even after adjusting for holiday spending and inflation as policy makers mull rate cuts.

Mortgage 530