While affordability challenges persist, Gen Z is proving resilient, carving out traditional and non-traditional paths to homeownership — particularly in the Midwest. New data from LendingTree and CoreLogic highlights the struggles and successes of young buyers in today’s real estate landscape. Young buyers still face an uphill battle According to a LendingTree analysis of anonymized…
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The Attorney General of Massachusetts has filed suit against home equity contract provider Hometap, alleging that the company “pervasively and systematically violated the state’s consumer protection laws, including mortgage and foreclosure prevention laws, putting financially vulnerable homeowners at high risk of losing their homes.” The suit goes on to claim that Hometap’s primary product offerings…
A new executive order signed by President Donald Trump on Tuesday gives him unprecedented control over independent regulators such as the Securities and Exchange Commission (SEC), the Federal Deposit Insurance Corp. (FDIC) and the Federal Trade Commission (FTC). The executive order stipulates that independent regulatory agencies must submit any new proposed regulations to the White…
The National Reverse Mortgage Lenders Association (NRMLA) board of directors is poised to grow by one member. Richard Thorpe, the divisional vice president of CrossCountry Mortgage (CCM)’s reverse mortgage division, was announced Thursday as NRMLA’s newest board member. The move “underscores CCM’s commitment to advancing its reverse mortgage business and leadership within the industry,” the…