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Tane Cabe talks reverse mortgage industry challenges, software development

Housing Wire

“They’re a more forward-thinking broker, and there has been lots of activity with the HECM Tool, which is a software application that I developed. That way, credit unions, banks and other lenders [can use it] to help them get off to a good start.” But I think there’s definitely a lot of good momentum out there.”

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A closer look at investor attitudes and trends in reverse mortgage stocks

Housing Wire

“They’ve managed to continue securitizing across their platforms, which has allowed them to grow their portfolio, increase earnings, and get back to covering the dividend from an earnings-available-for-distribution standpoint this quarter, which was a positive development,” Harter said.

Investor 370
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IMBs have a duty to serve lower-income communities

Housing Wire

Federal Reserve Chairman Jerome Powell recently observed that across all kinds of financial services, activities that had once been principally the province of banks have moved into the nonbank sector, including IMBs. Bank CRA obligations cover far more than their mortgage lending.

Banks 516
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Opinion: Why aren’t more commercial brokerages seeking affiliated arrangements?

Housing Wire

So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? A significant opportunity To be sure, there are title agencies eager to partner with CRE principals and funds. CRE firms are also suffering through the highest interest rates seen in years.

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Peter Knag joins Offerpad as CFO

Housing Wire

He began his career in investment banking, going on to work for Lehman Brothers and First Albany Corp. His extensive background in finance and corporate development, along with his proven leadership in business operations and complex transactions makes him an invaluable addition to our executive team. million.

Principal 447
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Reverse mortgage veteran reflects on his career: ‘Everyone has a story to tell’

Housing Wire

I never made a move on my own; it was always the bank or whoever decided to get out of the reverse program. Right now, with the principal limit factors where they are, especially with younger borrowers (in their 60s to mid-70s), you run the numbers for people and they see that principal limit. I had to make a couple of moves.

Mortgages 444
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Mr. Cooper shakes up technology leadership

Housing Wire

Sharma has been the company’s chief information officer for the past decade, leading the development of Pyro AI, the company’s artificial intelligence (AI) and advanced machine learning platform. Before joining Mr. Cooper, Graham held leadership positions at the Royal Bank of Canada and Standard Charter Bank.