NAR addresses ‘incorrect claims’ in Biden’s housing proposal speech
Although the National Association of Realtors (NAR) is grateful for the White House’s focus on the nation’s affordable housing crisis, the trade group was not thrilled...
HomeServices faces possible damages of $4.7B in Sitzer/Burnett suit
As the final defendant left in the Sitzer/Burnett commission lawsuit, it appears that HomeServices of America may be left holding the bag for the vast majority...
Apartment permits are back to recession lows. Will mortgage rates follow?
From Census: Building Permits: Privately‐owned housing units authorized by building permits in February were at a seasonally adjusted annual rate of 1,518,000. This is 1.9 percent...
HUD counselors offer new guidance on reverse mortgage programs
The U.S. Department of Housing and Urban Development (HUD) Office of Housing Counseling (OHC) has made a series of updates to its Housing Counseling Program Handbook,...
Former Newrez head of marketing Bijoy John joins Guaranteed Rate
Guaranteed Rate hired Bijoy John, former head of marketing at Newrez, as its vice president of marketing.
John’s new tasks will include consumer direct marketing and the...
NYCB, a struggling $78B resi mortgage servicer, to receive $1B equity investment
A group of investors led by the former U.S. Department of Treasury Secretary Steven Mnuchin’s private equity firm, Liberty Strategic Capital, will inject $1 billion in...
Annual home price growth reached 5.8% in January: CoreLogic
U.S. home price gains reached their highest rate in a year in January, according to CoreLogic’s Home Price Index (HPI). But the data provider forecasts yearly...
Top NewRez/Caliber LO John Abraham departs for The Money Store
John Abraham, former top-producing mortgage loan officer at Caliber Home Loans/NewRez, has joined The Money Store. His team will be making the move with him.
Abraham...
The month in reverse mortgage rates: March 2024
The federally insured reverse mortgage known as a Home Equity Conversion Mortgage (HECM) is unique, as are the rates that impact the HECM product. For this...
Reverse mortgage retail originations beat wholesale numbers in 2023
The reverse mortgage industry already knew that Home Equity Conversion Mortgage (HECM) endorsement volume in 2023 was cut nearly in half compared to 2022, but new...