
Government shutdown halts new reverse mortgage endorsements
The Federal Housing Administration (FHA) said Wednesday it will continue processing claims during the government shutdown but cannot endorse new Home Equity Conversion Mortgages (HECMs) until funding is restored. That information was confirmed by the National Reverse Mortgage Lenders Association (NR

The Steven Cohen Team returns to Corcoran Group
After five years at Douglas Elliman, Steven Cohen and his team are returning to Corcoran Group, according to an announcement on Wednesday. The team will be affiliated with Corcoran’s East Side New York City office and it consists of nine real estate professionals: Scarlett Nawrocki, Stefanie Ruch,

California MBA names Paul Gigliotti new CEO as Susan Milazzo retires
The California Mortgage Bankers Association (California MBA) announced a leadership transition on Wednesday, noting the retirement of longtime CEO Susan Milazzo and the appointment of Paul Gigliotti as her successor. Milazzo, who has served the association for two decades, will stay on as a consulta
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