The first day of this year’s National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo in San Diego wound down with an announcement that marks the end of an era.The association honored two of its most prominent past and present members with distinguished service awards. These wer

The Alabama Association of Realtors is calling out for change in national membership models. (Image created by AI in Midjourney.)The Alabama Association of Realtors (AAR) turned heads last week when it sent a letter to the National Association of Realtors (NAR) and asked for greater flexibility in a

Negative depictions of Americans ages 50 and older have lessened over a five-year period, with negative sentiment in online media and marketing images dropping from 28% in 2018 to 10% in 2023, according to research published this week by senior advocacy organization AARP.“The 50-plus population is p

The share of single-family homes sold to investors peaked at nearly 30% at the start of this year, but these types of transactions dropped significantly in the ensuing six months, according to a CoreLogic report released Wednesday.Investor purchases began to decline in March 2024 and by June represe

The Federal Housing Finance Agency (FHFA) announced on Wednesday it has changed its proposal to amend the Suspended Counterparty Program (SCP), offering a less severe version after several trade groups raised concerns about its impacts on the mortgage market. The SCP, established in June 2012 during

The Real Brokerage has scored a 13-for-1 deal. With the affiliation of the RealD2D Team, Real is adding 40 agents to its footprint in 13 different states, providing the company with the relatively rare opportunity to expand in more than one metropolitan area.RealD2D is led by agent and coach Duane R

Vetted by HousingWire  |  Our editors independently review the products we recommend. When you buy through our links, we may earn a commission.No one gets into real estate to suffer career-ending, failure-to-launch syndrome. You got your license to be successful in real estate and take your life to

Mortgage applications are now at their highest level in more than two years after an 11% jump during the week ending Sept. 20, according to the newest weekly applications survey from the Mortgage Bankers Association (MBA).The 11% increase in the MBA’s overall applications index — boosting the index

A judge in Arizona granted Mat Grella, the former president of NEXA Mortgage, a motion to dismiss a lawsuit filed by the company. NEXA has accused Grella of causing the failure of a $24 million hangar-office property purchase and the brokerage firm is preparing to file an amended complaint. The saga

For years, the U.S. housing market boomed. Economic growth, cash flowing through the economy, and cheap mortgages all drove massive homebuyer demand for more than a decade.People have told me, “Home prices have raced higher, it’s unsustainable, homes are unaffordable; therefore, home prices must fal

Like many other big cities across the country, the COVID-19 pandemic wasn’t kind to Chicago. People seeking more space to accommodate working from home led to a minor outflow of residents that put the housing market on pause.But people have returned to the Windy City and, lately, home prices have gr

New York-based asset manager Rithm Capital, the owner of multichannel lender Newrez, announced on Tuesday that it plans to raise money for “general corporate purposes” by selling up to 34.5 million shares of common stock to investors in a public offering.The company said underwriters will offer shar

Roemanu, the holding company for Toorak Capital Partners and Merchants Mortgage, announced on Tuesday that it has hired former Finance of America executive Charles Macintosh as its chief operating officer.Macintosh will also join Roemanu’s executive committee and oversee multiple areas of the busine

The U.S. Department of Justice (DOJ) announced this week that it has secured a $2.4 million settlement from James B. Nutter & Co., aka Nutter Home Loans, to resolve allegations that the lender had underwritten ineligible reverse mortgages to be insured by the Federal Housing Administration (FHA).The

The mayor of South Portland, Maine, recently acknowledged that property taxes in the region are particularly challenging for those living on a fixed income. When offering advice on how to manage these costs, the mayor brought up the potential for a reverse mortgage.This is according to local reporti

After the Federal Reserve lowered benchmark interest rates by 50 basis points last week, mortgage rates continued to move lower, although at a slower pace compared to recent weeks.At HousingWire‘s Mortgage Rates Center on Tuesday, the average 30-year conforming loan rate was 6.25%, down 9 basis poin

Invitation Homes, the largest owner of U.S. single-family rental homes, has agreed to pay $48 million to consumers and change some of its practices, according to a proposed settlement with the Federal Trade Commission (FTC) that was announced Tuesday. According to the FTC, Invitation Homes advertise

In a surprising move, the Federal Reserve has lowered interest rates by 0.50%, a decision that has sent ripples through various sectors of the economy, particularly the real estate market. While many analysts anticipated a smaller reduction, this larger-than-expected cut raises questions about its i

Less than a week after an amended complaint added a slew of new plaintiffs to the Davis homebuyer commission lawsuit, the judge overseeing the case has denied defendant Hanna Holdings’ motion to dismiss or transfer the suit.Judge Wendy Beetlestone of the U.S. District Court for the Eastern District