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Lenders wrestle with the nuances of modern credit score pricing

Credit Score, FICO, Guild Mortgage, HWmember, LendingLife, Mortgage, Mortgage Bankers Association, NewRez, Origination, VantageScore /

Mortgage lenders are currently wrestling with a high-stakes puzzle: how to accurately compare the new credit score models hitting the market. The differences are significant and carry major implications for risk assessment, loan pricing and secondary market returns. In late April, the Federal Housing Finance Agency (FHFA) rolled out a program allowing the exclusive use […]

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The return of ‘legacy gold’: CENTURY 21 Real Estate embraces its iconic past while betting on Compass tech

Anywhere, Brokerage, Century 21, Compass, HWmember, Mergers and Acquisitions, Real Estate /

For decades, the iconic gold blazer was synonymous with the CENTURY 21 Real Estate brand. From appearances in television shows like Gilmore Girls to movies like WarGames and the 1984 Ghostbusters film, the gold blazer was a hallmark of the real estate industry and a marketing calling card for real life CENTURY 21 agents, helping

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Illinois creates regulatory framework for home equity investments

Consumer Protection, Home Equity, HWmember, Illinois, Mortgage, Regulatory Compliance, Reverse /

Regulators in Illinois have approved what a group of home equity investment (HEI) providers calls the most comprehensive state regulatory framework to date for shared equity products, a fast-growing alternative to traditional home equity loans and reverse mortgages. The rule was adopted under the Illinois Department of Financial and Professional Regulation (IDFPR)’s mortgage licensing regulations.

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MortgageOne TPO integrates with ARIVE, launches Pathway CDFI

HWmember, LOS, Mortgage, Mortgage Broker, Origination, Wholesale Lending /

MortgageOne TPO, a wholesale mortgage lender and Department of the Treasury-certified Community Development Financial Institution (CDFI), has integrated with the ARIVE platform and launched Pathway, a flagship CDFI loan program aimed at borrowers underserved by traditional mortgage guidelines, the company announced. The dual rollout is being led by MortgageOne TPO managing directors Rich Phillips and

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Google brings real estate listings back to mobile search

Brokerage, California Regional MLS, ChatGPT, eXp Realty, eXp World Holdings, Google, HouseCanary, HWmember, Leo Pareja, MLS, MLS/Associations, Real Estate /

After disappearing for a time after the launch of the initial test last December, real estate listings are back in mobile Google search results in some markets.  Just like the initial test, listings appear under sponsored search results, and they include a full property detail page, links to request a tour, contact an agent and,

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FHA turns attention to the ‘flipping rule’ and AVMs

Automated Valuation Model, Delinquencies, Federal Housing Administration, FHA loan, Fix and Flip, HWmember, LendingLife, Mortgage, Origination /

The Federal Housing Administration (FHA) would like to review its anti-flipping rule and reforms to automated valuation models (AVMs), according to Matt Jones, deputy assistant secretary for the FHA’s Office of Single-Family Housing. “We think our AVM, our valuation technology, has improved significantly since that rule was put in place a couple decades ago,” Jones

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Ginnie Mae’s Joseph Gormley sounds the alarm on ‘risk-layered’ FHA portfolios

Delinquencies, FHA, FHA loan, Ginnie Mae, Government Lending, HWmember, LendingLife, Mortgage, Mortgage Servicing, Servicing /

Ginnie Mae President Joseph Gormley, who is also serving as acting commissioner of the Federal Housing Administration (FHA), said the counterparties participating in Ginnie Mae’s program have evolved significantly since the Great Financial Crisis, with greater exposure to independent mortgage banks (IMBs) that have invested heavily in governance and risk management. Still, he cautioned that

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The battle for listings: How brokerages are reclaiming their data

Brokerage, Clear Cooperation, Compass, Cotality, HomeServices of America, Howard Hanna, Howard Hanna Real Estate Services, HWmember, MLS, MLS/Associations, Real Estate /

Prior to widespread internet usage, when consumers could only find out about homes for sale through yard signs or accessing an MLS listing book by working with a broker, agents viewed listings as a marketing asset. However, this view evolved as the internet made it easier for consumers to access information about homes for sale.

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Zillow seeks injunction as MRED threatens data feed cutoff

Brokerage, Chicago, Clear Cooperation, Compass, HWmember, Legal, MLS/Associations, Real Estate, Zillow /

Midwest Real Estate Data (MRED) is threatening to suspend its listing data feeds to Zillow Group websites, including Zillow.com and Trulia.com, unless Zillow cures what the MLS says is a material breach of its license agreements by late Tuesday. In an announcement on Monday, the Illinois-based MLS said it will cut off Zillow’s IDX and

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Social Security COLA forecast for 2027 jumps to 3.9% in response to rising inflation

Affordability, Aging in Place, HWmember, Kiplinger, Mortgage, Retirement, Reverse, Social Security, Social Security Administration /

The forecast for the 2027 cost-of-living adjustment (COLA) for Social Security benefits has risen sharply to 3.9%, driven by persistent inflation in housing, utilities and energy, according to new data released by The Senior Citizens League. The projection — up from a steady 2.8% estimate just one month ago — would raise the average monthly

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