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Author name: Ricky Vasquez

Reverse Focus co-founder Shannon Hicks to join HighTechLending

HECM, HighTechLending, Mortgage, People Movers, Reverse, Reverse Focus, Reverse Mortgage Daily, Team Leaders /

Reverse Focus co-founder and longtime HECMWorld editor Shannon Hicks announced Thursday that he will leave the reverse mortgage technology and media firm on May 1 to become chief content officer at HighTechLending. Hicks has spent the past 15 years helping to build HECMWorld into an education and marketing platform focused on Home Equity Conversion Mortgages […]

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California court curbs Coastal Commission on building permits

California, Housing Policy, HWmember, Policy, Regulatory Compliance, Supreme Court, The Builder's Daily, Zoning /

A California home builder sought to build three additional houses on lots it had owned for more than two decades in a coastal county. That should have been easy. It had already built four nearby homes. But it wasn’t. Years of court hearings followed when a state agency overrode San Luis Obispo County’s authority and

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Taylor Morrison pares incentives and leans into buyer choice

Homebuilders, HWmember, Leadership, New Home Sales, Residential Real Estate, The Builder's Daily /

Tactical discounts, escalating incentives, absorption-at-any-cost strategies, … you all well know the routine of buying sales and making next to no money in Spring 2026. But that’s not for everybody. Exceptions are out there, public and private. Taylor Morrison has chosen a playbook and is well into executing a game plan that leans on the

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Cotality hires Jason Nicosia to lead national real estate solutions

Anywhere, Better Homes and Gardens Real Estate, Cotality, People Movers, Real Estate, Team Leaders /

Cotality has hired residential real estate and proptech veteran Jason Nicosia as senior principal of national real estate solutions, the company announced Thursday. In the senior leadership role, Nicosia will serve as a strategic adviser to Cotality’s enterprise real estate clients, helping align the company’s data and technology products with clients’ long-term business goals and

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Study finds racial gaps in Wells Fargo mortgage denials

Originations, Politics and policy, Racial bias, Wells Fargo /

Wells Fargo’s mortgage lending patterns exhibit racial disparities that hurt minority families, multiple activist organizations say. Processing Content The mega bank denied Black, Latino and Asian mortgage applicants roughly twice as frequently as white applicants, according to a new study that analyzed almost 25,000 North Carolina mortgage applications and more than 16,000 loans at Wells

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Trump says he’ll probe banks over response to LA wildfires

Servicing, Wildfires /

President Donald Trump said he would look into the actions of banks in their response to last year’s devastating Los Angeles wildfires following a meeting with that city’s mayor, Karen Bass. Processing Content Trump said he met with Bass and other officials to discuss the “progress made on the horrific fires that ravaged Los Angeles,

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Banks question Basel omission of PMI in mortgage weights

Federal Reserve, Housing markets, Politics and policy, Risk-based capital /

Key takeaway: The current Basel III capital proposal does not explicitly include mortgage insurance as a factor in determining a loan’s risk weight, but seeks industry input on the potential benefits and drawbacks of doing so, leaving the door open to possible changes.  Expert quote: “There are like 50 reasons why banks don’t want to

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MBA renews press for limited single report as scores compete

MBA renews press for limited single report as scores compete

Credit, Secondary markets, Servicing, Underwriting /

Now that there are formal government-sponsored enterprise guidelines for score modernization that help fulfill a legislative mandate, the Mortgage Bankers Association’s top executive has a plan he calls a safe way for the secondary market to make the purchase of credit reports more competitive too. Processing Content With the two large mortgage buyers starting to

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Distressed sales numbers show signs of market ‘normalization’

Distressed, Housing markets, Servicing /

Distressed housing inventory and demand moved higher in the first quarter, reflecting a “continued normalization” back closer to their pre-pandemic levels, according to a new report from Auction.com.  Processing Content Completed foreclosure auctions jumped 10% from the fourth quarter of 2025 and 33% from 12 months earlier. Meanwhile, scheduled property dispositions were also up by

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