Dave Mele exits as Homes.com president
Dave Mele, president of Homes.com since 2014, has left CoStar Group to pursue “an opportunity outside of the real estate industry,” he confirmed to Real Estate...
2024 inventory growth challenges mortgage rate lockdown
The mortgage rate lockdown premise holds that very few people will list their homes when mortgage rates are this high, thus suppressing inventory. But 2024 has...
HUD announces relief for Texas disaster victims
The U.S. Department of Housing and Urban Development (HUD) announced this week that it is extending a 90-day foreclosure moratorium for all Federal Housing Administration (FHA)-insured...
One year after expansion, Guaranteed Rate remains bullish on reverse mortgages
Increased adoption
When asked about how reverse mortgage business is going in the first half of the year, Ogata said that he’s happy with the division’s performance...
Republicans tell FHFA they oppose Freddie Mac’s closed-end second mortgage proposal
On Wednesday, the FHFA closed the comment period for the proposal, which was opened in April. In their letter, Republicans called the 30-day period “insufficient.”
If the...
Connecticut governor signs aging-in-place bill into law
Connecticut Gov. Ned Lamont signed a bill into law on Tuesday that aims to improve the prospects for seniors who seek to age in place in...
Ginger Wilcox on helping agents navigate a chaotic environment
When Ginger Wilcox stepped into the role of brand president of Better Homes and Gardens Real Estate last June, many in the industry knew that the...
What the new home sales report shows about labor market risk
When single-family permit demand collapsed in 2022, we still had a healthy backlog of homes that needed to be finished. While that was happening, we also...
Newsweek turns eye toward reverse mortgage pros and cons
A reverse mortgage has potential utility for a homeowner in the right situation, but loan terms must be observed closely to remain in good standing and...
Are reverse mortgages for purchase a ‘sleeping giant?’ Pros are split
According to the most recent annual report to Congress by the U.S. Department of Housing and Urban Development (HUD), the Home Equity Conversion Mortgage (HECM) for...