Mortgage rates remain flat despite tariff drama

It was a chaotic weekend as the market reacted to the potential impact of 25% tariffs on Mexico and Canada, and 10% tariffs on China. Last Friday, I recorded an episode of the HousingWire Daily podcast discussing the possibility of President Trump making such a move. Not long after we finished recor
Read MoreUpdated list of all Trump’s actions that impact housing

Below is a recap of the actions the Trump administration or Congressional Republicans have taken that impact housing since President Trump took office on Jan. 20, 2025. Each category list is in reverse order, with the most recent actions first.CFPBFires CFPB Director Rohit Chopra Feb. 1Senate banki
Read MoreMortgage rates stay calm before possible tariff enforcement
Last week, the housing data demonstrated stability even as we approach potential tariff enforcements. Mortgage rates have remained largely unchanged, and there has been a slight decrease in housing inventory. Furthermore, pending contracts reflected a modest year-over-year decline, while purchase ap
Read MoreHomebuilders ask Trump for tariff exemptions on building materials

The National Association of Homebuilders (NAHB) sent a letter to President Trump Friday asking for tariff exemptions on building materials from Canada and Mexico. The letter follows a Trump announcement that the U.S. was levying tariffs of 25% on Canadian and Mexican imports that would go into effec
Read MoreTrump fires CFPB Director Rohit Chopra

President Trump fired Rohit Chopra, the director of the Consumer Financial Protection Bureau (CFPB) on Saturday, abruptly ending a five-year term scheduled to run through late 2026. The Associated Press reported that Chopra was notified of his firing in an email.Chopra confirmed the news via a lette
Read MoreMore first-time buyers rely on mortgage rate buydowns to afford homes

Higher mortgage rates are forcing many first-time homebuyers to adopt a “wait-and-see” approach to the market. According to HomeLight‘s Top Agent Insights report released this week, real estate agents are feeling this and are being forced to switch up tactics to attract buyers.HomeLight is an Arizon
Read MoreHawaii bill would establish state-run reverse mortgage program

A group of state representatives in Hawaii have introduced a new bill into the legislature, calling for the establishment of a state-specific Home Equity Conversion Mortgage (HECM) program to be managed by the Hawaii Housing Finance and Development Corp. (HFDC).This is according to the text of the b
Read MoreAging-in-place tech platform secures $35M funding round

An aging-in-place technology platform recently secured a $35 million funding round, which it hopes to use to expand its existing partnership portfolio while also aiming to enter the Medicaid market.The Helper Bees is a platform that connects older adults to a “network of non-medical products and ser
Read MoreHow to get a Colorado real estate license — Tips from a mega broker

I was 19, tired of long hours at Beau Jo’s Pizza, and ready to invest in my future. That’s when I came across a real estate investment series on VHS by Carlton Sheets (remember VHS?). Little did I know this class would change the entire trajectory of my life. It inspired me to get my real estate lic
Read MoreTrump tariffs on Canada, China and Mexico go into effect Saturday

President Donald Trump will enact tariffs on goods imported from three major U.S. trade partners, multiple news outlets reported Friday. The plan goes into effect Saturday, the White House confirmed, with 25% tariffs on Canada and Mexico, along with 10% tariffs on China.According to reporting from T
Read MoreTrump places tariffs on Canada, China and Mexico

President Donald Trump is enacting tariffs on goods imported from three major U.S. trade partners, multiple news outlets reported Friday. The plan was set to go into effect Saturday, the White House confirmed, with 25% tariffs on Canada and Mexico, along with 10% tariffs on China.According to report
Read MoreIs President Trump bluffing on tariffs?
It’s Friday and we have more news on tariffs. Initially, it was announced that collection of the tariff duties would be delayed by one month, but then the White House press secretary stated that they would take effect tomorrow. So, what’s going on? As we have discussed since Nov. 7, 2024, prepare fo
Read MoreHUD’s key homelessness snapshot may be impacted by Florida law

A key homelessness report issued every year by the U.S. Department of Housing and Urban Development (HUD) could be muddied by city ordinances and state law in Florida banning public sleeping and camping, according to a local official with a federally funded homelessness agency.“The Point-in-Time (PI
Read MoreAlanna McCargo leaves FHLBank leadership to assume policy role

Alanna McCargo, the most recent Senate-confirmed president of Ginnie Mae who departed last year to become president and CEO of the Federal Home Loan Bank (FHLBank) of San Francisco, has left the bank’s leadership team to assume a new policy position working with the chair of the board of directors.J
Read MoreEvergreen Home Loans expands to five Southeast states

Evergreen Home Loans, which is based in Washington state and has a presence in seven Western states, announced a major expansion of its footprint on Friday. The company has also hired John Porath as its new regional manager to oversee business in Florida, Georgia, North Carolina, South Carolina and
Read MorePennyMac’s 2024 performance driven by strong servicing portfolio

PennyMac Financial Services Inc. reported Thursday that it earned $104.5 million in net income during the fourth quarter of 2024 on revenue of $470.1 million. It’s an about-face for PennyMac after it posted a net loss of $36.8 million in Q4 2023.For 2024 as a whole, the California-based lender earne
Read MorePlanet Financial hires Ken Quantie to lead KeyLink Title

The title entity of Planet Financial Group has a new leader. On Thursday, Planet announced the hiring of Ken Quantie as its new senior vice president of KeyLink Title. In this role, Quantie will work to expand KeyLink’s residential and commercial title offerings, making them available to outside fin
Read MoreBijoy John joins Sage Home Loans as senior VP of marketing

Sage Home Loans Corp. recently hired Bijoy John as its new senior vice president of marketing. John expressed his excitement over joining Sage and implementing his vision at the company.Bijoy JohnSage’s senior leadership team welcomed John with open arms, praising his track record of successfully re
Read MoreHome inspector sees interaction from baby boomers, aging in place and reverse mortgages

As more older adults state their desires to age in place in their current homes — and with baby boomers owning as much as half of all U.S. home equity based on different estimates — it’s easy to see the potential impact that such a large cohort has on a variety of different businesses, including hom
Read MoreFamed encyclopedia highlights ‘sandwich generation,’ recognizing importance of senior caregiving

Britannica, the English-language encyclopedia that has roots as far back as the 1760s, recently highlighted a phrase familiar to the reverse mortgage industry — the “sandwich generation” — in recognition of the growing importance that caregiving for older relatives will have as the global population
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