On an online database tracking a series of issues the U.S. Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) related to the Home Equity Conversion Mortgage (HECM) program, there are four open recommendations according to a review by HousingWire‘s Reverse Mortgag

Kevin DeLoryKevin DeLory, Equity Prime Mortgage’s (EPM) chief lending officer TPO and a partner in the business, died on Tuesday following a bout with cancer. He was 53 years old.DeLory spent more than 20 years in the TPO space. A Rhode Island native, he graduated from Rhode Island College in 1994,

Catastrophic flooding continues to inundate the central U.S. as rivers remain swollen from unprecedented rainfall brought on by a series of deadly storms.Spanning from Kentucky, Illinois and Ohio to Louisiana and Mississippi, floodwaters are still surging downstream, overwhelming neighborhoods, infr

While normal variations can be found across the country, by and large the sentiment around aging in place in one’s own home appears to be a far-and-away preference for many Americans in or near retirement. This is impacting the moving and homebuying activity in certain areas, according to housing pr

As homeowners continue to invest in upgrading their living spaces, a new report from the National Association of Realtors (NAR) and the National Association of the Remodeling Industry (NARI) highlights home remodeling projects that offer the greatest personal satisfaction, and those most likely to r

Keller Williams, Gary Keller and former KW CEO John Davis are ramping up their legal battle. On Friday, Keller Williams co-founder and chairman Gary Keller, who is a defendant in the suit, filed a document asking the court to make Davis pay for what he claims are “baseless attacks” against him, his

A new LendingTree study finds that Florida emerged as the most popular destination among out-of-state homebuyers in 2024.According to the report, 13.7% of mortgage purchase inquiries came from consumers looking to buy property outside of their current state. Florida was the top choice for out-of-sta

It may not be long before the federal government’s consumer watchdog has a newly-installed permanent director.Sen. Tim Scott (R-S.C.), who chairs the powerful Senate Banking Committee, spoke about the Consumer Financial Protection Bureau (CFPB) during an appearance at the American Bankers Associatio

President Donald Trump’s global tariff rollout has become a rollercoaster.A week after announcing a new tariff regime that imposed dramatic levies on America’s most reliable trade partners, Trump posted on social media Wednesday that he’s placing a 90-day pause on tariffs against 56 countries and th

As it continues to navigate post-disaster recovery needs, the city of Asheville, North Carolina this week has submitted an updated action plan to the U.S. Department of Housing and Urban Development (HUD), aiming to garner approval so that the city can access an estimated $225 million in assistance

President Donald Trump’s trade war against China is escalating.The White House confirmed Tuesday that Trump is placing a 50% tariff on China that is in addition to previously implemented or announced levies. Trump hit China with a 20% tariff at the beginning of his term, and his “Liberation Day” tar

Despite long maintaining a reputation as being behind the times of technology development — whether that is due to a perception of being slow-to-adopt emerging technologies, or due to regulatory compliance concerns — one top 10 reverse mortgage lender has now rolled out hybrid e-closing processes fo

Last week, beneficiaries of the Social Security Administration (SSA)’s Supplemental Security Income (SSI) program were erroneously told that they were no longer receiving benefits, and could no longer access account history through the program’s online portal.This is according to reporting at CBS Ne

Illustration of a mortgage loan officer struggling with rate volatility. Image created with ChatGPT 4oWhile the trade war initiated last week by the Trump administration has brought volatility to mortgage rates, some loan officers have seen an uptick in home loan applications as some borrowers are “

A bipartisan duo of members in the House of Representatives who largely operate with very different political positions have come together to begin what they’re calling an “initiative to gather public input” on the potential reauthorization of two federal housing programs.Reps. Mike Flood (R-Neb.) a

Compass, Inc. has added the high-profile Nancy Dauk team to its roster in Connecticut.Previously ranked as the top-producing team in Connecticut and the second-highest nationally at Brown Harris Stevens, the team brings decades of experience and deep local roots to Compass.The move represents a sign

A new survey by Guardian Service reveals that many first-time homebuyers regret buying a home and are grappling with unexpected costs and emotional stress, factors that often turn the dream of homeownership into a difficult reality.According to the report, 31% of first-time homebuyers experienced re

On Tuesday morning at the House of Representatives, the programs of the U.S. Department of Housing and Urban Development (HUD) were scrutinized during a House Financial Services Subcommittee on Oversight and Investigations hearing focused on “restoring accountability” at the department.Stephen Begg

As communities impacted by the devastation of Hurricanes Helene and Milton continue to pick up the pieces, the Federal Housing Administration (FHA) on Tuesday announced that it has further extended a moratorium on foreclosures and evictions for any FHA-financed single-family mortgages inside the des

Top New York City-based broker Kirsten Jordan and her team are making the move to Corcoran. On Tuesday, Jordan announced that she and her medium-sized team were leaving Douglas Elliman. “I am strategically evolving my team to continue thriving in today’s landscape,” Jordan said of her move. “Partner