FHFA annual report highlights GSE actions on affordable housing

The Federal Housing Finance Agency (FHFA) this week released its annual Housing Mission Report, offering insights into the actions the agency took in 2023 on a host of issues.These include oversight of the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, mortgage purchases designe
Read MoreReal Estate Lead Generation and Marketing

Real Estate Lead Generation 6 best places to buy real estate leads in 2024 Mar 18, 2024By Megan DeMatteo, Meghan Thibault and Megan DeMatteo, Meghan Thibault We recommend the best places to buy real estate leads to give you a shortcut to the closing table. The 9 top real estate lead generation comp
Read MoreFormer Ginnie Mae president reacts to lawmaker’s reverse mortgage securities letter

Following the submission of a letter by Indiana Sen. Mike Braun (R) to Ginnie Mae President Alanna McCargo about concerns related to the Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program, McCargo’s predecessor, Ted Tozer, hopes the senator will dive deeper into the program’s me
Read MoreFinancial planner: Reverse mortgages can help retirees with high property taxes

A retired public school teacher living in the Pacific Northwest told MarketWatch that he is feeling stressed by high property taxes on a fixed income and asks if he would be a good candidate for a financial adviser. One planner solicited for input thinks that a reverse mortgage could be a worthy con
Read MoreMBA issues support for real estate finance bills debated by Congress

The Mortgage Bankers Association (MBA) announced on Wednesday a series of legislative recommendations, which it sent to the chairman and ranking member of the U.S. House of Representatives’ Financial Services Committee as the body considers the markup of proposed bills centered on real estate financ
Read MoreSupreme Court denies HomeServices’ petition in commission suit

The U.S. Supreme Court has denied HomeServices of America’s request to hear its argument that the Eighth Circuit Court of Appeals wrongly rejected arbitration agreements with unnamed class members in the Sitzer/Burnett commission lawsuit, according to a court docket entry on Monday.In a writ of cert
Read MoreHome prices kept climbing at a brisk pace in March: First American

U.S. home prices grew by 0.9% from February to March, according to First American Data & Analytics’ national house price index released Tuesday. This growth trajectory follows a revised upward figure of 1% price growth from January to February, and prices are now 52% higher than pre-pandemic levels
Read MoreCalifornia home sales sink in March

The spring home-buying season got off to a slow start in California, where sales of single-family homes declined from February to March, according to a report released Wednesday by the California Association of Realtors (CAR).The organization reported that the state’s seasonally adjusted annualized
Read MoreProposal would allow Freddie Mac to acquire closed-end second mortgages

The Federal Housing Finance Agency (FHFA) this week announced a new product proposal for government-sponsored enterprise (GSE) Freddie Mac that would allow the agency to purchase certain single-family, closed-end second mortgages. This would offer borrowers an alternative way to access their home eq
Read MoreCapital Fundings partners with Privy

Capital Fundings, a Florida-based private mortgage lender, has partnered with real estate investment platform Privy, the companies announced on Tuesday. The collaboration will allow Capital Fundings’ borrowers to receive personalized investor insights.“Capital Fundings is thrilled to embark on this
Read MoreApril Demo Day: Boost by Lone Wolf Real Estate Technologies

BoostBoost by Lone Wolf is the simple way to market your real estate business online. Whether you’re looking to build brand awareness, draw in more engagement for listings, or take your client experience to the next level through digital advertising, Boost is here to help agents and brokers alike.Pr
Read MorePowell makes it clear: No rate cuts anytime soon
Today, Federal Reserve Chairman Jerome Powell made statements at the Washington Forum that indicate there will be no rate cuts anytime soon because the economy and the labor market are too strong with sticky inflation. This is a change from previous statements where the Fed talked about the rate cut
Read MoreDemand stalled in March for new-home purchases: MBA

Mortgage applications for new homes stalled in March as buyers felt the brunt of sustained home price growth.Compared to February 2024, mortgage applications for new-home purchases rose 1% in March. Applications were up 6.2% from March 2023, according to the Mortgage Bankers Association’s (MBA) Buil
Read MoreRetail losses lead February decline in reverse mortgage volume

Reverse mortgage volume dropped in February compared to the month prior, and new data compiled by Reverse Market Insight (RMI) shows that the primary culprit for the month was retail reverse mortgage originations.The retail channel volume decrease of 15.7% effectively “masked” a gain of 3.9% posted
Read MoreReal estate agents, are you a text offender?

Are you tired of your text messages causing more confusion than closings in the real estate world? Wondering if you may have offended a prospect? Curious why you’re being ghosted at times?We’ve curated the ultimate guide to texting etiquette for agents. From dodging grammatical gaffes to perfecting
Read MoreThe ‘double-edged sword’ of dual licensing

In a down market disrupted by the commission lawsuits, agents and LOs are considering working in a dual capacity. But it’s a tough road to hoe. (AI image generated by MidJourney.)As the engines of the housing and mortgage markets continue to sputter due to higher interest rates and fewer buyers, ind
Read MoreOpinion: Is the industry positioned for a mass exodus of real estate agents?

In the wake of the recent NAR settlement, coupled with persistently sluggish home sales and high interest rates, real estate agents find themselves at a crossroads marked by uncertainty and unease.Amidst this backdrop, brokerages face a critical task; keeping their agent counts from diminishing. How
Read MoreNPR podcast takes a closer look at reverse mortgages

Because of certain persistent reputational challenges faced by the reverse mortgage industry, it can be challenging for borrowers to find objective informational sources about the product category. That’s what drove a listener of the podcast “The Indicator from Planet Money,” a production of Nationa
Read MoreLegacy Group Capital acquires home equity investment fintech Rook Capital

Bellevue, Washington-based real estate investment firm Legacy Group Capital announced this week that it has acquired fintech company Rook Capital, a provider of home equity investment (HEI) products through its “Shared Value Investment” brand. Legacy is privately owned and terms of the deal were not
Read MoreRemaining Batton defendants look to have suit dismissed

Defendants in the behemoth Batton homebuyer commission lawsuit filed a ream of motions on Monday seeking to have the class-action allegations struck down and dismissed.The Batton suit consists of two separate lawsuits filed by the same homebuyer plaintiffs, alleging that the National Association of
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