Whichever candidate — Kamala Harris or Donald Trump — wins the 2024 presidential election will not have a significant impact on the path of interest rates, but they will bring changes to the mortgage industry from a regulatory standpoint, according to Mortgage Bankers Association (MBA) president and

Have you ever taken a great photo only to realize later that there’s a random person in the background, an object that doesn’t belong or something you simply don’t want in it? Real estate agents now have a new tool to remove these distraction from home staging photos — and no, it’s not Apple Intelli

Federal Housing Administration (FHA) Commissioner Julia Gordon offered her insights on the agency’s Home Equity Conversion Mortgage (HECM) program at this year’s National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo, reflecting on her journey toward greater understanding of b

As many as 80% of the 60-and-older population are unable to afford either long-term care or basic necessities like food, reflecting the serious financial challenges faced by older Americans despite their overwhelming preferences for aging in place.This is according to reporting by Phoenix-based Nati

The Federal Housing Finance Agency (FHFA) is planning to examine innovations in the multifamily housing space following its TechSprint event in late July, which focused on innovative use cases in housing for generative artificial intelligence (gen AI). “There’s a lot of innovation taking place in th

REcore, a software-as-a-service and data licensing solutions provider for multiple listing services (MLSs), has announced the launch of its new MLS Buyer Registry tool.According to the announcement, the product is designed to address potential issues regarding buyer and agent compliance with the new

The Federal Housing Administration (FHA) on Tuesday issued an informational notice to mortgage lenders in which it reiterates various loss-mitigation options afforded to companies and borrowers who are engaged in FHA lending programs in presidentially declared major disaster areas (PDMDAs).The guida

The U.S. jobs report for September is set to be released Friday, and it could prove to be a pivotal moment for the Federal Reserve as it determines how to shape monetary policy moving forward. The past three months have included underwhelming data in the labor market. In August, nonfarm payrolls exp

The role and value of real estate agents has come under scrutiny since the National Association of Realtors (NAR) settled a bevy of antitrust lawsuits related to offers of agent compensation on Realtor-owned multiple listing services (MLSs).While it’s unclear exactly how home buyers and sellers are

California-based loanDepot on Monday announced it has closed a $300 million offering of notes backed by a revolving warehouse line of credit and secured by mortgages.loanDepot said this is the 10th time it has closed a transaction of this kind. It follows other strategies to strengthen its financial

Starter homes are more affordable to the average American than they were a year ago, but they have become significantly less affordable over the past decade. That’s the conclusion Redfin reached in a data report released Monday.The national real estate brokerage analyzed household income levels and

Compass has announced yet another addition to its team in Texas. Adrian Jacobs, a luxury agent who has sold more than $29 million in volume over the past year, has rejoined Compass’s Dallas office from Douglas Elliman. Coming with him is Genna Skolnik, the leader of The Venture Group. She rejoined C

Mauricio’s Umansky’s The Agency is getting into the mortgage business. The brokerage has entered into a joint venture with Barrett Financial Group to offer what the companies believe will be a wide range of mortgage products and streamlined underwriting to The Agency’s luxury clients.Dubbed Aclara L

The rate of home sales is picking up! The number of homes under contract across the country has risen for the last few weeks. Purchase mortgage applications are up for five weeks in a row. It seems like mortgage rates are getting closer to 6% are shaking loose a few transactions. These are small mov

Slightly more than half of Americans say that weather events are becoming an increasing risk factor for their homes, while nearly one in five report difficulties in accessing homeowners insurance. This is according to results of a survey conducted by NeighborWorks America, a congressionally chartere

The landmark antitrust lawsuit settlement agreed to by the National Association of Realtors (NAR) in March has put the practices of real estate agents in the spotlight for both regulators and clients alike.Now, with agent commissions starting to decline, agents naturally want to convey the value of

Two of the top five lenders in the reverse mortgage industry are now engaged in a legal skirmish over marketing practices that one lender calls deceptive.Longbridge Financial, a top five reverse mortgage lender and servicer based in New Jersey, is suing Mutual of Omaha Mortgage over a series of webs

More than 16 million Americans who are 65 or older are living alone, but the depth of their experiences is largely unknown. This is according to a recent story published by KFF Health News.“This slice of the older population has significant health issues: Nearly 4 in 10 seniors living alone have vis

Howard Hanna Real Estate Services is jumping into the artificial intelligence (AI) technology game. On Monday, the family-owned firm announced the launch of HomeFinder AI through a partnership with technology firm ListAssist.HomeFinder AI users can type their exact search parameters into the platfor

Housing demand is very seasonal, so the fact that our pending contract data is firming up lately just shows that lower mortgage rates have stabilized and firmed up demand recently.It will likely take mortgage rates to go under 6% and stay there for an extended period to get real sustained demand gro