Almost all Home Equity Conversion Mortgages (HECMs) originated today utilize the adjustable-rate mortgage (ARM) option. In stark contrast to traditional mortgage lending, the reverse mortgage business is dominated by ARMs, representing over 99% of Federal Housing Administration (FHA)-insured reverse

A myriad of positive and negative developments in the lives of older adults — including higher living costs, inflation, longer life expectancies and higher education levels — have led to a rise in the number of retirement-aged adults remaining in the U.S. workforce according to new government data a

Following a few days of declining bond yields and mortgage rates this week, the trajectory took a significant turn on Friday with the release of favorable labor data, sparking a notable increase in the 10-year yield, a key indicator for those in housing.The BLS jobs report shows the honey badger lab

Another round of layoffs hit hundreds of Newrez employees in Colorado, the second so far this year in the state. It follows the the lender’s recent acquisition of Computershare Mortgage Services and its affiliate Specialized Loan Servicing (SLS). Newrez, owned by asset manager Rithm Capital, is impo

Vetted by HousingWire  |  Our editors independently review the products we recommend. When you buy through our links, we may earn a commission.To succeed in real estate, it’s essential to have affordable, efficient tools for generating, nurturing, and converting leads into clients. In this review, w

Engel & Volkers Atlanta, a luxury real estate brokerage, announced Thursday that Christopher Burell is joining the firm as its new chief growth officer.Burell has 20 years of prior experience in the metro Atlanta real estate scene. He previously served in executive and broker roles for several leadi

Consumer attitudes toward the purchase of a home fell “markedly” in May, while the percentage of consumers who said it was a “bad” time to buy a home grew month over month from 79% to 86%, according to new survey data from government-sponsored enterprise (GSE) Fannie Mae.The Fannie Mae Home Purchase

Wholesale lender OCMBC Inc., which was recently sued by direct lender Home Mortgage Alliance Corp. (HMAC) over the alleged poaching of both key personnel and a wholesale lending brand, issued a statement this week that called the allegations “baseless” and added that any employment changes have been

Just over a year after its further expansion into the reverse mortgage business, multichannel mortgage lender Guaranteed Rate has focused on bringing a wider swath of mortgage industry professionals up to speed with the dynamics of reverse, a trend that has unfolded in other parts of the industry as

Bond credit-rating organization Moody’s Investors Service has reaffirmed its “above-average” rating for the reverse mortgage servicing performance of Celink, which is the current holder of the U.S. Department of Housing and Urban Development (HUD)’s Home Equity Conversion Mortgage (HECM) servicing c

Doug Duncan, the chief economist at Fannie Mae, believes pressures from fiscal and monetary policy have brought volatility to the secondary mortgage market, creating a “higher-for-longer” scenario in the U.S. economy that mortgage companies should be ready to face.“Every indicator that comes out, th

Mortgage lending in the U.S. dropped by 6.7% in the first quarter of 2024 to 1.28 million mortgages secured by residential property, the 11th drop recorded in the past 12 quarters and the lowest level since the year 2000, according to the newest U.S. Residential Property Mortgage Origination Report

The Real Brokerage announced Thursday the addition of several new teams across the U.S. last month as the publicly traded company pushed its agent count above 19,000. The newly released 2024 RealTrends Verified rankings, based on 2023 data, showed that Real was the sixth-largest brokerage in the cou

Mortgage credit availability saw a slight increase in May, according to an analysis of ICE Mortgage Technology data by the Mortgage Bankers Association (MBA).The Mortgage Credit Availability Index (MCAI) rose by 0.1% to 94.1 in May. The index was initially benchmarked to 100 in 2012. The MCAI measur

A private planning firm in California is launching a new tool to help local governments there prepare for a pending law designed to spur more construction of accessory dwelling units (ADUs).The Berkeley-based Community Planning Collaborative (CPC), a self-described “housing policy and ADU resource l

Relitix’s latest release of the Agent Movement Index (AMI) for April 2024 reveals a surprising shift in the dynamics of real estate agents, indicating potential changes in market conditions and strategies among brokerages.Key Highlights from April 2024 AMI:Rise in Active Agents: The data show an une

Top U.S. real estate brokerage Compass announced Wednesday that it has hired Hal Bennett, a high-producing agent based in the Seattle area.Bennett formerly worked with Redfin, where he was recognized by RealTrends among the top-producing agents in the state of Washington in 2023. Bennett ranked No.

California-based mortgage lender loanDepot (LDI) has made two additions to its sales leadership team.On Wednesday, the company confirmed that Justin Andrews has been hired as the new area sales manager in the Seattle region. Andrews comes to loanDepot with 25 years of mortgage industry experience, i

A report released Wednesday by Realtor.com shows that a key measurement of U.S. home values is growing faster that the more commonly viewed metric of listing price.The analysis revealed that, across the 50 largest U.S. metro areas, price per square foot rose by 52.7% during the five-year period endi

Leading reverse mortgage lender Finance of America (FOA) has undergone a round of layoffs that are impacting multiple levels of the organization, including retail and corporate leadership positions. The news was first reported by National Mortgage News.While FOA catapulted to the top spot in the rev