Reverse mortgage payouts have fallen, but borrowers may still find value: AARP

Reverse mortgage industry professionals have spoken for months about the consequences of high interest rates on their ability to pursue business, and now AARP has taken a closer look at the impacts.While higher rates are bad news for the mortgage industry in a broad sense, the impact on reverse lend
Read MoreIndustry experts detail the benefits, challenges of AI

As artificial intelligence continues to grow in prominence, mortgage professionals “must carefully evaluate and manage” their use of AI and “focus on deriving the benefits while avoiding potentially catastrophic risks.”That’s one of the key conclusions reached by the BlackFin Group in a recently pub
Read MoreMortgage volumes remain under pressure at Wells Fargo, JPMorgan

Wells Fargo and JPMorgan Chase usually open the quarterly earnings seasons in the mortgage space, giving analysts something to chew on before nonbanks release their financial reports. In the first quarter of 2024, the big banks showed a challenging reality for originations. The banks’ Q1 2024 earni
Read MoreUSA Mortgage’s Chelsea Vonder Haar on staying agile to meet loan officer needs

The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s 2024 Marketing Leaders are open until April 30, 2024. Click here to nominate someone from your organization today.If there’s
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