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Court upholds racially targeted SPCP in Washington

A federal judge this week refused to block a special purpose credit program (SPCP) designed to reduce the racial homeownership gap across Washington state, rejecting a constitutional challenge brought by nonprofit Foundation Against Intolerance and Racism (FAIR). U.S. District Court Judge John H. Chun denied FAIR’s request for a preliminary injunction to halt the Covenant…

Arizona Regional MLS CEO Matthew Consalvo plans 2027 exit

After 14 years at the helm, Matthew Consalvo has announced that he will be retiring from his role as Arizona Regional MLS’s (ARMLS) CEO in the spring of 2027. ARMLS announced Consalvo’s decision to retire earlier this week.  According to the MLS, during his time at ARMLS, Consalvo has helped to modernize the MLS, advance…

Here are the nation’s top reverse mortgage brokers for 2025

Direct retail endorsements for Home Equity Conversion Mortgages (HECMs) don’t capture the full picture of origination activity in the federally insured reverse mortgage space. Reverse Market Insight (RMI) and HECMWorld are looking to change that. On Thursday, HECMWorld published an RMI dataset of HECM endorsements through brokers and third-party originators (TPOs). The initial report covers…