Mortgage volumes remain under pressure at Wells Fargo, JPMorgan
Wells Fargo and JPMorgan Chase usually open the quarterly earnings seasons in the mortgage space, giving analysts something to chew on before nonbanks release their financial reports. In the first quarter...
Donna Gland, head of talent development and resources at NAR, to retire
Longtime National Association of Realtors’ (NAR) staff member Donna Gland has announced her retirement, according to an email sent by CEO Bob Goldberg to NAR members...
New listings data falls for third week in a row
Weekly housing inventory data
For the third consecutive week, we haven’t quite reached my weekly target of inventory growth between 11,000 and 17,000 homes. However, we came...
CHLA: Federal agencies need to plan for potential commission lawsuit lending impacts
Mortgage industry trade group Community Home Lenders of America (CHLA) is urging government agencies to begin to have conversations surrounding the impact of the jury verdict...
CBO projects FHA to lose $7 billion in 2024 receipts; budget cuts could impact...
The Federal Housing Administration (FHA) faces a potential loss of roughly $7 billion in receipts in 2024, and a failure by Congress to come to terms...
Tapping home equity in retirement has advantages and pitfalls: Harvard researcher
Older Americans are forced to navigate a series of serious financial challenges compounded by their needs for both housing and later life care. While home equity...
Housing inventory falls as mortgage rates drop
Have we seen the peak in housing inventory for 2024? The best part about 2024 has been that higher mortgage rates have created an inventory buffer,...
Equifax’s Work Number is too expensive and regulators should look into it: CHLA
Equifax’s Work Number product is too expensive for consumers and the Federal Housing Administration (FHA) and Federal Housing Finance Agency (FHFA) should potentially do something about...
Mortgage rates stabilize after Fed meeting
Mortgage rates stabilized this week as the Federal Reserve decided to keep its rates unchanged Wednesday. However, mortgage rates still remain at a 23-year high.
The 30-year fixed-rate...
Agents and LOs, here are 6 strategies for navigating a down real estate market
Facing a challenging housing market can be daunting for agents and loan officers alike. As industry professionals grapple with uncertainties, market shifts and evolving dynamics, the...