The governing council of the nation’s capital, Washington, D.C. is taking steps to establish a permanent program seeking to protect its older residents with reverse mortgages from foreclosure.In mid-January, the D.C. council enacted the “Fairness and Stability in Housing Amendment Act of 2024,” whic

Mortgage servicing is more complex than ever, and while some large servicers are sinking real resources into innovation, many are hesitant to branch out beyond the decades-old systems they’re comfortable with. This could be risky if delinquencies continue to rise in the coming years.“I think service

Homebuyer confidence for purchasing a home increased slightly in January, according to Fannie Mae‘s Home Purchase Sentiment Index (HPSI). The HPSI increased 0.3 points to 73.4 in January and is now 2.7 points higher than it was a year ago.The share of respondents who believe it’s a good time to sell

Elon Musk has entered the Consumer Financial Protection Bureau (CFPB).According to a report from WIRED, associates working with Musk entered CFPB’s building Thursday, and CFPB Chief Operating Officer Adam Martinez confirmed that Musk’s team will receive read-only access to a sweeping amount of the b

The labor market is showing signs of softness but is not breaking down yet, which has kept mortgage rates higher for longer. Since 2022, my guiding principle has been that the labor market is more important than inflation in determining mortgage rates. For those seeking lower mortgage rates, it’s mo

Last month’s wildfires in Southern California had a devastating impact as 29 people were killed and about 16,000 homes were destroyed. Leading up to the disasters, the state’s largest private home insurer dropped policies in high-risk areas, leaving them financially unprotected after they burned to

Freshly confirmed and sworn in, U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner held his first town hall with department staff as the Trump administration’s housing leader.He used the brief proceeding to thank the department’s staff, to praise his Trump-era predecessor

Realtor.com is the latest company to leave sunny California for the Texas hill country.The company announced this week that it’s relocating from Santa Clara to Austin with the goal of making Austin its primary pipeline for hiring talent, with more investments in that coming.Realtor.com says that the

Rithm Capital, which owns multichannel mortgage lender Newrez, built upon its success in 2023 with net income of $835 million in 2024. That figure represented a 57% increase from its profit of $533 million a year earlier.In its fourth-quarter and full-year 2024 earnings report released Thursday, New

Whether you grew up dreaming of a career in real estate or journeyed into it, it’s important to prepare yourself for the challenges of this career. I happen to be one of the kids who actually dreamed of working in real estate. My grandfather was a builder and owned and managed several properties him

Deadlines in a lawsuit and countersuit stemming from allegations of deceptive reverse mortgage marketing practices have been pushed out one month to the end of March and mid-April, respectively, as all parties in the case advocate for more time. This stems from a preliminary injunction request filed

Homeowners have noted for some time that property taxes have risen precipitously, and this has the potential to heavily impact people living on a fixed income. But certain tax deferral options available to seniors and veterans should be employed if necessary, according to a Tennessee county official

A federal judge in Massachusetts has paused the Thursday deadline for the White House’s “fork in the road” offer to federal workers, temporarily pushing it to at least Monday afternoon when a hearing is scheduled.The offer, which came in an email from the Office of Personnel Management (OPM), said t

The Trump administration is expected to try to remove the government-sponsored enterprises (GSEs) from conservatorship, but it probably won’t be fast and it probably won’t be without considerable strife.At the Mortgage Bankers Association (MBA)’s Servicing Solutions Conference & Expo in Dallas on Th

The Consumer Financial Protection Bureau (CFPB)’s staff on Monday were ordered to stop working by the bureau’s new acting director, U.S. Treasury Secretary Scott Bessent. But Sen. Elizabeth Warren (D-Mass.), ranking member on the Senate Committee for Banking Housing and Urban Affairs, is urging Bess

REsides, which bills itself as an online, “borderless” MLS — announced Thursday that it’s partnering with startup proptech platform Rayse. REside members will have early access to the platform and all of its communication-focused features.The Rayse platform is designed to make agent-client relations

The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s 2025 Rising Stars Award are open now through February 28, 2025. Click here to nominate.Sean Soderstrom, co-founder and CEO o

Here’s a hypothetical scenario: Let’s say the staffers at the Consumer Financial Protection Bureau (CFPB) remain forbidden to work until Jan. 21, 2029. What would the mortgage servicing regulation landscape look like?At the Mortgage Bankers Association‘s Servicing 2025 Expo in Dallas on Wednesday, t

Become the go-to expert in one of these real estate niches and parlay your expertise into a more lucrative and satisfying career. While casting a wide net can sometimes be a helpful strategy, you set yourself up to compete with every agent vying for the same listings and buyer clients. By becoming h

Scott Turner, President Trump’s nominee for Secretary of the U.S. Department of Housing and Urban Development (HUD), was confirmed today by the U.S. Senate by a vote of 55-44 and was sworn in as the 19th HUD secretary, taking the helm of the sixty-year-old agency at an extraordinary time.The challen