New appraisal bias protections apply to reverse mortgage program: FHA

The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) this week announced a new policy enabling mortgage borrowers to “request a re-assessment of the appraised value of their property if they believe that the appraisal was inaccurate or biased.” An a
Read MoreEngel & Volkers continues its expansion in Atlanta

Luxury brokerage Engel & Volkers Atlanta is expanding its footprint in the Georgia capital through the acquisition of AtHome & Co., the company announced on Wednesday.Led by real estate veterans Noelle Larson and Susi O’Connor, the AtHome team serves the Georgia counties of Cobb, Cherokee, Dawson, F
Read MoreHUD adds $90M in funding to protect homes from health hazards

The U.S. Department of Housing and Urban Development (HUD) on Thursday announced nearly $90 million in new funding opportunities to protect the homes of low-income people from a series of health hazards.The money will go toward prevention and removal of lead paint, carbon monoxide, mold, radon and a
Read MoreBrokerage leaders adjusting to commission changes: Q2 BrokerPulse

Things just keep getting better, according to real estate brokers surveyed for the Q2 2024 HousingWire BrokerPulse survey, with 54% who are “optimistic” about the next three months in residential brokerage, compared to some 48% of those surveyed for the Q1 2024 HousingWire BrokerPulse survey who fel
Read MoreHUD issues Fair Housing Act guidance on AI use

The U.S. Department of Housing and Urban Development (HUD) on Thursday announced new guidelines that aim to apply the provisions of the Fair Housing Act to the use of generative artificial intelligence (AI) in the realm of housing.HUD released separate pieces of guidance aimed at applying Fair Housi
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Listing Showcase gives Christie’s agents a competitive advantage ahead of home-selling season and helps Showcase agents win more listings
Read More BARK and Zillow Announce America’s Most Dog-Obsessed Cities for Renters

Dallas named #1 most dog-obsessed city in the U.S., proving the bigger the hair, the closer to DOGS
Read MoreZillow believes the evolution of the industry will only help it grow

In light of the jury verdict in the Sitzer/Burnett suit and the terms of the National Association of Realtor’s nationwide settlement agreement of the commission lawsuits, several prominent industry analysts believe Zillow will struggle with its financial performance.On Wednesday evening, during the
Read MoreAll parties have settled the Sitzer/Burnett suit, so what’s next?

When HomeServices of America reached a nationwide settlement agreement last week in the commission lawsuits filed by home sellers, it became the final defendant in the two original commission cases, Sitzer/Burnett and Moehrl, to do so.Just six months ago, when a Missouri jury found HomeServices of A
Read MoreLongtime reverse mortgage leader Scott Norman appointed CEO of Texas MBA

Longtime reverse mortgage industry professional, advocate and leader Scott Norman has been appointed as the new CEO of the Texas Mortgage Bankers Association (TMBA).Norman is currently serving his fifth consecutive term as co-chair of the National Reverse Mortgage Lenders Association (NRMLA). He als
Read MoreRates at 7% attract different types of borrowers, forcing lenders to rethink profit strategies

Industry experts believe mortgage rates will remain higher for longer, attracting borrowers who face life events but not “economic gamers“ to the mortgage market. In turn, this will force some lenders to think out of the box to attain profitability.On Wednesday afternoon, the Federal Reserve announc
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We lament over ever-changing rates, changing fees and guidelines. We change companies, processors, assistance and our workspace. Every area and facet of our industry, it seems, moves, and changes with the wind. It likely is part of what you like about your career. Each day has its own opportunity t
Read More Opinion: Will new changes make houses more affordable?

In 1904, the first world’s fair opened in St. Louis. It was there that the world learned how to host a fair and pack on pounds. An ice cream vendor who ran out of cups while working next to a waffle stand had a stroke of genius — he married warm waffles with cold ice cream — giving rise to the ice c
Read MoreHUD and FHA announce new appraisal bias protections

The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) announced a new policy on Wednesday that will enable mortgage borrowers to “request a re-assessment of the appraised value of their property if they believe that the appraisal was inaccurate or bi
Read MoreNew bill seeks to expand Social Security benefits for seniors

Lawmakers in the U.S. House of Representatives and U.S. Senate are seeking to address the rising costs of living for U.S. seniors, primarily those living on fixed incomes, which would be accomplished by increasing monthly benefits and requiring the Social Security Administration (SSA) to use a diffe
Read MoreFed holds rates steady for the sixth straight time

The Federal Reserve’s Federal Open Markets Committee (FOMC) maintained its short-term policy interest rate steady at a range of 5.25% to 5.5% for a sixth consecutive meeting on Wednesday.“The Committee does not expect it will be appropriate to reduce the target range until it has gained greater conf
Read MoreReverse mortgages seen as a path forward for lenders

Guild Mortgage CEO Terry Schmidt speaks last week at The Gathering by HousingWire in Scottsdale, Arizona. Photo credit: AJ CanariaDiscussions about the reverse mortgage product category were not difficult to find this past week in Scottsdale, Arizona, during The Gathering by HousingWire, an event th
Read MoreBlend receives $150M infusion from Haveli Investments

California-based mortgage tech firm Blend Labs, which has pursued non-GAAP profitability since it went public in 2021, announced a $150 million investment on Monday from private equity firm Haveli Investments. Blend will use $145 million of the proceeds to repay existing credit agreements. The rema
Read MoreMichigan attorney general reissues reverse mortgage consumer alert

The attorney general of Michigan has re-released a consumer alert about the reverse mortgage product category during financial literacy month. The action is designed to inform consumers about the potential pros and cons of taking out these loans, according to an announcement issued by Attorney Gener
Read MoreeXp Realty makes changes to its executive team

eXp Realty recently appointed several new faces to its executive team. Most notably, the brokerage appointed Amy Weaver to the position of senior vice president of the U.S. growth team, while Felix Bravo was appointed to the role of vice president of global growth. Weaver will be supported by three
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