Guild’s Jim Cory on company confidence in reverse mortgages

At the end of August, Guild Mortgage announced a suite of products under the name “Flex Payment Mortgage,” which includes Home Equity Conversion Mortgage (HECM) reverse mortgage products alongside refinances, proprietary jumbo options and HECM for Purchase (H4P) loans.Jim Cory, managing director of

Plaintiffs’ attorneys seek $220M from NAR, HomeServices commission lawsuit settlements

Like all of the other settlements so far, plaintiffs’ attorneys in the ongoing real estate agent commission lawsuits have asked a court for one-third of the settlement amounts agreed to by the National Association of Realtors (NAR) and HomeServices of America.In a filing in the Sitzer/Burnett suit o

UWM launches BrokerX program to help train new originators

The country’s largest wholesale lender, United Wholesale Mortgage (UWM), has launched a broker training program that will teach individuals to become licensed mortgage originators. Dubbed “BrokerX,” the five-week program will provide existing brokers with a “streamlined solution” for training and li

Social Security COLA on track for smaller increase in 2025

Recipients of the federal Social Security benefits program are on track to receive a 2.5% cost-of-living adjustment (COLA) in 2025, a smaller increase than in recent years as the bite of inflation loosens its grip.A forecast released last week by The Senior Citizens League (TSCL) arrived just ahead