In what has become a familiar fall ritual, mortgage lenders are increasing their conforming loan limits months ahead of the FHFA’s official announcement. On Friday, Pennymac joined Rocket Pro TPO in announcing an increase in their conforming loan limit to $802,650 — before the expected increase by t

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So

Optimism is a prerequisite for success as a salesperson, and real estate professionals have it in spades. At the Tom Ferry event last month and at the National Association of Hispanic Real Estate Professionals (NAHREP) going on right now, this attribute is on display everywhere. Speakers are motivat

At the National Association for Hispanic Real Estate Professionals (NAHREP) L’Atitude conference on Friday, an AI expert showcased AI use cases for agents using tech tools that have improved by leaps and bounds this year — even in the last few days. I’ve interviewed AI experts for the last year, hel

Cindy Chance, the CEO of the Appraisal Institute, was terminated during what she described as a “secret board meeting” on Thursday night that she was excluded from. The Appraisal Institute now faces a backlash from members who support Chance, a veteran nonprofit leader who joined roughly a year ago

Vetted by HousingWire  |  Our editors independently review the products we recommend. When you buy through our links, we may earn a commission.At the recent Keller Williams Mega Agent Camp, the shaky economy was a common topic of conversation. Most people used hushed tones and euphemisms to describe

At the end of August, the District of Columbia Housing Finance Agency (DCHFA) announced that it had relaunched its Reverse Mortgage Insurance & Tax Payment Program (ReMIT), which originally began in 2019 and expanded in 2020 before being halted at the end of 2021.Tikisha Wilson, director of single-f

The Congressional Budget Office (CBO) released a new report that estimates the benefit payment schedule of the Social Security program, saying that the Old-Age and Survivors Insurance (OASI) Trust Fund will “decline to zero” in fiscal year 2034 and the Disability Insurance (DI) Trust Fund will do th

The Federal Housing Administration (FHA) this week published a newly proposed Mortgagee Letter on its Single Family Drafting Table, which would align mortgage borrowers and originators in their understanding of how much is owed on a partial claim.Partial claims are designed to offer assistance to mo

Realtor.com has hired an experienced entrepreneur for its marketing team, as Christine Jacobson has joined the company as senior vice president of B2B marketing.“We’re thrilled to welcome Christine to the Realtor.com team,” Mickey Neuberger, the company’s chief marketing officer, said in a statement

Terrie Suit, who served as CEO of Virginia Realtors for the past 11 years, has announced her retirement, according to a company announcement on Friday.Virginia Realtors, which has a membership base of 38,000, named Martin K. Johnson as its interim CEO. Johnson has previously served as its senior vic

Buffalo, New York-based mortgage technology firm LenderLogix, a top provider of point-of-sale (POS) and automation software for independent mortgage banks, commercial banks and third-party brokers, announced Thursday that Ben Head will join the company as an account executive.Head will be responsibl

Ryan Serhant and his brokerage SERHANT. are riding a sugar high thanks to the success of “Owning Manhattan,” the Netflix show that followed Serhant and his agents around New York as they shopped some of the priciest properties in the city. The show has been renewed for a second season and Serhant sa

Allies of former President Donald Trump are developing plans to move government-sponsored enterprises Fannie Mae and Freddie Mac out of federal conservatorship, a long-sought goal of certain politicians and a move that would have a notable impact on the mortgage finance industry. The news was first

The parties involved in a lawsuit between Texas Capital Bank (TCB), the U.S. Department of Housing and Urban Development (HUD) and Ginnie Mae over a dispute involving Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) have been advised to be ready for a trial in September 2025. This is

Charlotte, North Carolina, has emerged as a major player in the Southeast U.S. real estate scene with its rapid growth and increasing appeal to homebuyers. While it hasn’t reached the trillion-dollar mark in residential real estate value held by cities like New York and Chicago, Charlotte’s market h

Baby boomers are a key constituency for the reverse mortgage industry since they are currently the generation with the largest share of the population at or above the age of 62. A recent SmartAsset analysis of 2023 Home Mortgage Disclosure Act (HMDA) pinpointed where boomers are most active within t

Lower mortgage rates over the past several months have led to increased affordability for prospective homebuyers, and this could lead to an extra competitive fall 2024 season.That’s according to a Zillow report released Thursday in which the Seattle-based real estate company said that “lower mortgag

Compass is adding a new team to its Dallas roster. The real estate brokerage announced this week that the B-W Group is joining up and will operate out of its Park Cities office. The group reportedly tallied $56.8 million in sales volume in 2023. It is led by the mother-daughter team of Michele Balad

Home equity continued to rise in the second quarter of 2024 as residential properties with mortgages collectively gained $1.3 trillion in equity over the past year. But growth began to slow during these three months, according to the CoreLogic Homeowner Equity Insights report published on Thursday.T