A bill introduced into the Oregon Senate that seeks to limit the amount of equity a reverse mortgage lender can receive after the sale or transfer of a property could potentially halt the availability of proprietary product offerings in the state. This is according to a version of the bill reviewed by HousingWire’s Reverse Mortgage…
"2025" Archives
Archive page
Mortgage servicing is more complex than ever, and while some large servicers are sinking real resources into innovation, many are hesitant to branch out beyond the decades-old systems they’re comfortable with. This could be risky if delinquencies continue to rise in the coming years. “I think servicers are hesitant to branch out beyond these 60-year-old…
The governing council of the nation’s capital, Washington, D.C. is taking steps to establish a permanent program seeking to protect its older residents with reverse mortgages from foreclosure. In mid-January, the D.C. council enacted the “Fairness and Stability in Housing Amendment Act of 2024,” which amends specific housing agency laws to allow for protections for…
In 2022, Crye-Leike Real Estate Services closed roughly $7 billion in sales volume, according to data from the 2023 RealTrends Verified rankings. The T3 Sixty Real Estate Almanac reports the same numbers, while the brokerage company’s 2022 Annual Report pegged its sales volume at $8.5 billion. But now the Memphis-based firm wants to walk back…