Regulators in Illinois have approved what a group of home equity investment (HEI) providers calls the most comprehensive state regulatory framework to date for shared equity products, a fast-growing alternative to traditional home equity loans and reverse mortgages. The rule was adopted under the Illinois Department of Financial and Professional Regulation (IDFPR)’s mortgage licensing regulations….
"May 20, 2026" Archives
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Mortgage lenders are currently wrestling with a high-stakes puzzle: how to accurately compare the new credit score models hitting the market. The differences are significant and carry major implications for risk assessment, loan pricing and secondary market returns. In late April, the Federal Housing Finance Agency (FHFA) rolled out a program allowing the exclusive use…
A federal judge has granted final approval to a $110 million shareholder derivative settlement resolving claims that Wells Fargo directors and senior executives failed to properly oversee the bank’s mortgage lending practices. The final approval, announced May 15, paves the way for expanded mortgage assistance programs for low- and moderate-income borrowers in more than 50…
Military families navigating permanent change-of-station moves and veterans pursuing homeownership through VA-backed loans are increasingly turning to a new real estate network founded by a longtime Navy leader. Military Operated Real Estate (MORE) was started by Travis Winfield, a 24-year U.S. Navy leadership veteran, founder of California-based The Winfield Group Real Estate Team and author…