After the reverse mortgage industry’s key performance metrics rallied in May, June fared slightly worse than previously telegraphed by case number assignments.Home Equity Conversion Mortgage (HECM) endorsements fell by 14.4% in June to 2,105, while HECM case numbers for May dropped 7.9% to 3,214. Th

The Consumer Financial Protection Bureau (CFPB) last month issued an enforcement order against former Home Equity Conversion Mortgage (HECM) servicing contractor NOVAD Management Consulting and subcontractor Sutherland Global for what the bureau called “illegal activities that harmed older homeowner

Amid the greenery of suburban Maryland, Legacy at Twin Rivers is an unassuming apartment building, with clean, modern design and a pleasant landscape that you might mistake for any new, market-rate rental property in the area. And that’s the point. At a time of skyrocketing housing costs, rising int

Limited inventory and high mortgage rates continue to push home prices higher, but the pace of growth is starting to slow down.That’s according to the monthly home price index report from CoreLogic, which shows that U.S. home prices grew by 4.9% year over year in May. That was the lowest yearly rate

While many had hoped the Department of Justice’s interest in the real estate industry would wane with the business practice changes outlined in the National Association of Realtors’ commission lawsuit settlement agreement, that is clearly not the case.In a message on Realtor Hub, a forum for NAR mem

Patrice Ficklin, who has served at the Consumer Financial Protection Bureau (CFPB) since the agency’s founding in 2011, will depart for Fannie Mae to serve as the government-sponsored enterprise’s fair lending officer. The news was first reported by American Banker.Ficklin has been a mainstay at the

The Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) this week released updated loan-level data collected through the National Survey of Mortgage Originations (NSMO), according to a joint announcement.The data provides “updated mortgage performance and credit

The single-family rental (SFR) space has taken off since the financial crisis in 2008. Now a new segment within the SFR sector — luxury homes — is gaining steam.Point2, an international real estate search portal, analyzed its internal data, public records and other sources to determine that luxury r

Mortgage rates rose slightly over the past week, with the U.S. economy continuing to show strength even as home sales remain tepid.According to HousingWire‘s Mortgage Rates Center, the average 30-year rate for conforming loans stood at 7.11% on Tuesday, up slightly from 7.08% one week ago. Meanwhile

Naples, Florida-based Premier Sotheby’s International Realty is shaking up its C-suite. On Monday, the firm announced that Adam Kaufman will be joining the firm as the senior vice president of the firm’s new development division.In this role, Kaufman will oversee sales and marketing efforts for the

Chicago-based Guaranteed Rate, one of the country’s largest mortgage lenders, has rebranded to Rate. The company made the announcement Monday on social media. “Today, we’re rebranding as Rate,” the company posted on LinkedIn. “Just like our streamlined name, we’re committed to making the mortgage pr

97% of consumers search for local businesses online, and 78% of marketers report that digital marketing significantly increases business revenue. If you’re not leveraging digital marketing in today’s mortgage landscape, you’re missing out on a significant opportunity. In our fast-paced, technology-d

Massoud Atallah is leaving Anywhere Real Estate to join Lamacchia Realty. On Friday, the Anthony Lamacchia-helmed firm announced that Atallah had recently joined Lamacchia Realty as its new senior vice president of business development.According to the new release, Atallah will focus on agent recrui

The last week of June is really the peak of the homebuying season. Activity and prices typically start their seasonal decline very closely tied to the transition into the third quarter of the year. This coming week includes the July 4 holiday, which falls on Thursday, so the coming data will have a

Driven by Americans’ desire for affordability, more space and a “slower pace of life,” housing supply in suburbs and exurbs is growing faster than in major cities.That’s the key takeaway from a report released Monday by StorageCafe, an affiliate of real estate data provider Yardi, which analyzed U.S

Federal Housing Finance Agency (FHFA) Director Sandra Thompson recently announced its conditional approval of Freddie Mac pilot to purchase second mortgages. I’ve personally been an outspoken supporter of this endeavor and I applaud this decision.   The Community Home Lenders of America (CHLA) immed

Michigan-based ERA Prime Real Estate Group has acquired Southgate, Michigan-based Compass Realty Pro, the company announced on Monday.The financial terms of the deal were not disclosed. According to the announcement, this acquisition will expand ERA Prime Real Estate Group’s market share in southeas

HousingWire is excited to announce the winners of the 2024 Women of Influence award, recognizing 100 women who are shaping and propelling the housing economy forward with their impressive achievements. This year marks the 15th year of this award program. Many of this year’s winners mentor women in t

Proper Rate, a joint venture between Guaranteed Rate and residential brokerage @properties, has tapped Chris Knapp to lead the company as president.Knapp boomeranged back to Chicago-headquartered Guaranteed Rate after he left in 2019. He held posts at rivals CrossCountry Mortgage, Draper & Kramer Mo

Housing inventory is growing, but national home prices aren’t dropping dramatically, as the recent S&P CoreLogic Case Shiller index clearly showed. Why? The rules of supply and demand economics always end up winning and weekly new listing data is key. New listing data is growing year over year, but