When Jesse Allen arrived at Rate in late 2024 to lead its reverse mortgage division, he was immediately tasked with continuing the growth trajectory for the Chicago-based mortgage lending giant. Rate has long been a leading forward mortgage lender, ranking No. 9 nationally in 2025 with $45.6 billion in volume, according to Inside Mortgage Finance….
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Lizzo bought the home four years ago. Jeff Green, the N.B.A. star, also sold a mansion in Miami, and Jesse McCartney listed one in L.A.
An artist bought 20 bucolic acres in Germantown, N.Y., for a home and studio. It ended up as a favorite destination for extended family and friends.
For decades, mortgage lending has been built around a single objective: to make homeownership affordable. The 30-year fixed-rate mortgage became the dominant structure because it lowers monthly payments, expands borrower eligibility, and fits cleanly into underwriting frameworks built around debt-to-income ratios. It works—and it worked at scale. But in optimizing for affordability, the industry made…