Following other recent proprietary product development news, Longbridge Financial announced on Friday the launch of a new variation for its private fixed-rate reverse mortgage offering.The Platinum Peak product suite aims to offer higher available loan-to-value (LTV) ratios, which are designed to tr

An illustration of a mortgage executive losing a top-producing LO who wishes to become a 1099 LO. Illustration made with ChatGPTA source called with what sounded like big news. One of the bigger players in the wholesale space was soon going to require that all broker LOs be paid as W2s. Doing so wou

Older Americans are apparently choosing to stay put in greater numbers despite the fewer restrictions on their time granted by retirement.Between 2023 and 2024, moving activity among retirees dropped by nearly one-quarter (23.8%), according to data from the U.S. Census Bureau that was compiled by mo