Former Norcom reverse mortgage team moving to Supreme Lending

The former reverse mortgage team from Norcom Mortgage in Avon, Connecticut — which elected not to move to CMG Financial following its acquisition of Norcom last month — has selected Texas-based Supreme Lending as its new home, with John Luddy serving as SVP of reverse lending. He begins in the role
Read MoreSocial Security Administration updates SSI program to expand access

The Social Security Administration (SSA) late last week announced that it is making changes to the Supplemental Security Income (SSI) benefit program. Notably, it is expanding the definition of a “public assistance household” to those receiving Supplemental Nutrition Assistance Program (SNAP) paymen
Read MoreGuaranteed Rate expands its Community Engagement Initiative

Chicago-based mortgage lender Guaranteed Rate rolled out the second wave of its Community Engagement Initiative, the company announced on Monday. Launched in 2023, the program aims to improve funded loan volumes in underserved communities nationwide. “Traditional lending practices have overlooked Bl
Read MoreTrade groups express concern to FHFA over historic credit data

A coalition of trade organizations — including the American Bankers Association (ABA), the Housing Policy Council (HPC), the Independent Community Bankers of America (ICBA), the Mortgage Bankers Association (MBA) and U.S. Mortgage Insurers — sent a letter on Monday to the Federal Housing Finance Age
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