HECM line of credit option continues to dominate with 93% share

Home Equity Conversion Mortgage (HECM) endorsements continued to decline in the 2024 fiscal year from a recent peak observed in 2022, while the HECM line of credit continued its dominance as a payment option. Single women were the single largest cohort served by the HECM program.This is according to

Mr. Cooper’s Jay Bray explores servicing book growth, tech enhancements for 2025

In this week’s episode of the Power House podcast, Mr. Cooper CEO Jay Bray joins HousingWire president Diego Sanchez for a conversation centered on balanced servicing and origination activities in the mortgage space.The duo explore Mr. Cooper’s growth initiatives, artificial intelligence (AI) usage

AI used for housing decisions draws bipartisan support, oversight

Even in a divided Congress, there is bipartisan support for learning more about how artificial intelligence, and especially gen AI, is being leveraged in the housing and banking industries. Two bipartisan measures introduced this week would address concerns about how banks use AI in property valuati