FOA’s Sieffert on ‘massive pivot’ in 2023, reverse mortgage opportunities ahead

Finance of America Companies (FOA) President Kristen Sieffert is bullish on the prospects for the reverse mortgage industry’s leading lender in 2024, particularly after the company went through a series of major changes last year, including the acquisition of American Advisors Group (AAG).This is ac
Read MoreSerhant hires a familiar name as its first president

Josh Team is joining real estate brokerage Serhant as its first-ever president, Inman reported on Monday.After taking a three-year break from the industry, Team, the former president of Keller Williams, chose the brokerage headed by Ryan Serhant to make his comeback. In his new role, Team will be re
Read MoreUWM initiates 100 bps discount for conventional rate-and-term refis

United Wholesale Mortgage (UWM) announced Wednesday that it’s allowing its broker partners to offer a temporary discount of 100 basis points (bps) for conventional rate-and-term refinances. The discount is valid on new loan locks through March 29. It’s not the first time that the Pontiac, Michigan-b
Read MoreOld Republic records 12.8% decline in net income in 2023

Despite cooling interest rates, the title insurance segment at Big Four title firm Old Republic recorded a 22.8% annualized decline in net premiums and fees during the fourth quarter of 2023, which contributed heavily to a 12.8% decrease for all of last year.During the last three months of the year,
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