Jared Schwadron leaves Official Partners for Compass

A top luxury agent in New York City has left Official Partners. Compass announced the hiring of Jared Schwadron this week, poaching him from the troubled brokerage founded by Tal and Oren Alexander. Schwadron has more than $1 billion in sales over a 15-year career that includes stops in New York Cit

Reverse mortgage industry prepares for annual meeting in San Diego

The National Reverse Mortgage Lenders Association (NRMLA), the reverse mortgage industry’s leading trade association, is preparing to host its 2024 Annual Meeting and Expo on Sept. 24-26 in San Diego. The event is typically the largest, most expansive meeting for a wide variety of reverse mortgage p

FHA head says more housing counselors should have reverse mortgage training

Federal Housing Administration (FHA) Commissioner Julia Gordon thinks that more U.S. Department of Housing and Urban Development (HUD)-approved housing counselors should be trained to work with Home Equity Conversion Mortgage (HECM) borrowers, according to perspectives she shared this week during an

Profit margins are up for home flips — but there’s a catch

After years of declines, home-flipping profits are coming back. That’s according to a report released this week by Attom, which showed that the typical profit on a flip in the second quarter of 2024 was 30.4%, the fourth time in five quarters that margins rose. Attom said that flippers have struggle