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Navigating movement in the mortgage industry series: Post-closing matters are important too

Housing Wire

Introduction As part of our ongoing discussion on the concept of movement in the mortgage industry, it is readily apparent that the failure of mortgage companies to pivot or tweak their business models to satisfy changing market and other conditions has resulted in consolidation based on liquidity, buyback, financial and other concerns.

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Existing-home sales take a sleigh ride to the sky with highest jump since 2021

Housing Wire

The housing industry is getting an early Christmas gift. The National Association of Realtors (NAR) reported that existing-home sales in November rose to a seasonally adjusted annual rate of 4.15 The jump in sales gives the market momentum heading into 2025, which is expected to outperform 2024. million, a 4.8% million, a 2.9%

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Navigating movement in the mortgage industry series: Due diligence in mergers and acquisitions

Housing Wire

There is constant movement in the mortgage industry with the desire for growth and expansion. Thus, it has never been more important to focus on due diligence in analyzing a mortgage industry acquisition target. Regulatory compliance The mortgage industry is heavily regulated and subject to scrutiny by both State and Federal agencies.

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The biggest challenge for the reverse industry in 2024? Mortgage rates

Housing Wire

That was a repeated idea shared by a group of reverse mortgage professionals when asked to assess what they see as the biggest industry challenges of the year. Rates re-emerged as a challenge and continue to be as the year winds down to a close. I think that’s true from an industry standpoint.

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As LA fires burn, reverse mortgage industry emphasizes need for servicer, insurer contacts

Housing Wire

Industry responses to the disaster In its weekly email update to members, the National Reverse Mortgage Lenders Association (NRMLA) advised its members to urge borrowers to immediately contact their servicers. 7, and that the earliest they can close is 14 days after the declaration is made, he said.

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The leadership deficiency in the mortgage industry: How we got here and how we can fix it  

Housing Wire

The state of leadership in the mortgage industry When people say, Theres no such thing as a perfect company, are they really acknowledging an inherentflaw or are they feeling the void left by inadequate leadership? Skills such as coaching, conflict resolution, and teammotivation are rarely developed through sales roles alone.

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Reverse mortgage leaders on partnering with the forward side in 2025

Housing Wire

Reverse mortgage professionals made more inroads into the forward mortgage industry in 2024. Continuing this momentum into 2025 is a priority for many in the reverse mortgage space, according to conversations with leaders at various industry lenders. One key is to bolster connections between a companys forward and reverse divisions.

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