Reverse mortgage lender Longbridge Financial sues competitor over deceptive marketing accusations

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
Read MoreRecord numbers of seniors living alone could be prone to isolation

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
Read MoreHoward Hanna launches new AI home search tool

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
Read MoreHousing demand firming up with lower mortgage rates
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
Read MoreNRMLA conference provides ‘a new energy,’ spawns hope for industry growth

The National Reverse Mortgage Lenders Association (NRMLA) concluded the 2024 edition of its Annual Meeting and Expo on Thursday afternoon. Those in attendance told HousingWire’s Reverse Mortgage Daily (RMD) that the event provided ample opportunity for networking and educational content while boosti
Read MoreREcolorado finalizes controversial sale. But who owns the listing data?

An explosive period for Denver’s multiple listing service (MLS) has come to an end, but an even more controversial one might be beginning.REcolorado announced on Friday that its sale to the Joseph Burks-owned entity MAZL has been finalized, three months after the two Realtor associations that previo
Read MoreVeterans are largely unaware of housing grants for aging in place

A majority of U.S. veterans are not aware of the fact they can qualify for grants from the U.S. Department of Veterans Affairs (VA) to allow them to age in place, according to survey data from senior advocacy group AARP.Sixty percent of veterans who are 45 and older “are unaware that VA provides gra
Read MoreDustin Owen schools agents on key tips for the mortgage financing process

In a recent episode of “The Loan Officer Podcast,” host Dustin Owen and guest John Coleman explore key tips that all aspiring real estate agents should know when navigating mortgage financing for a potential client. Owen emphasizes the importance of understanding these principles whether an agent is
Read MoreHere are the top-performing Asian American agents and teams of 2023

The Asian Real Estate Association of America (AREAA) has honored more than 220 agents and teams on its annual A-List for 2023 sales volume and sides. They will be formally recognized at the AREAA National Convention, Oct. 24-26 in Las Vegas.Together, the 157 agents and 68 teams produced $9.85 billio
Read MoreManish Garg on being the right amount of paranoid about AI

Editor in Chief Sarah Wheeler sat down with Manish Garg, senior vice president of product and technology at EarnUp, an autonomous financial wellness platform, to talk about how his company is using gen AI to deliver a personalized experience for customers at scale. Garg has a deep background in buil
Read MoreFHA announces updates to Catalyst software’s appraisal module

The Federal Housing Administration (FHA) announced on Friday that it has updated the Electronic Appraisal Delivery (EAD) module of its Catalyst software platform, following initial agency efforts to require appraisal submissions on the platform before it walked them back.“This past weekend, [FHA] co
Read MoreTRG closes deal for Doma; Lennar gains minority ownership stake

Title Resources Group (TRG) has closed its acquisition of Doma Holdings, the parent company of Doma Title, according to an announcement on Friday. The sale was first announced in late March 2024.In the all-cash transaction, Doma was valued at nearly $88 million. As a result of the sale, Doma’s under
Read MoreThese agents and teams are standouts in new LGBTQ+ rankings

The LGBTQ+ Real Estate Alliance has released its fourth annual list of top-performing agents and teams, and it includes a highly productive bunch. The 314 agents and teams on the list produced $5.95 billion in volume across 10,776 transactions in 2023.Collectively, the list would have finished 29th
Read MoreCongress passes temporary funding extension to flood insurance program

Capping off a dramatic few weeks in Washington, D.C., the U.S. House of Representatives and the U.S. Senate have passed a continuing resolution that will fund the government through Dec. 20 — more than a month after Election Day, and just weeks before the new Congress is scheduled to be sworn in and
Read More26 must-have real estate marketing tools for 2024

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission.It’s time to level up your real estate marketing game. But where do you begin? We know you didn’t get into real estate for the love of marketing or tech. Our
Read MoreAustin-area luxury team leaves The Agency for Compass

The Compass team in Austin is welcoming back one of its own. Luxury agent Mike Mogavero is returning to the brokerage after a stint with The Agency.Mogavero is also bringing Christen Lowe, his partner in the MOLO Group, with him. The pair topped $38.8 million in sales volume in 2023, with Mogavero a
Read MoreSigns of housing demand surge after interest rate cut

The question from the housing industry after the Federal Reserve’s half-point interest rate cut is simple — will this bring buyers back to the stalled housing market?A new report from Redfin suggests that it is already happening. The company analyzed mortgage rate-lock data from Optimal Blue and fou
Read MoreIs housing affordability improving? Two new reports say yes

Elevated mortgage rates have strained housing affordability for more than two years. With rates now falling — and more downward movement expected after the Federal Reserve‘s recent interest rate cut — two new reports suggest that affordability is getting better too.The third-quarter 2024 housing aff
Read MoreSimplist launches streamlined mortgage origination platform

New York-based Simplist Technologies, which has developed a consumer-facing mortgage platform, introduced a new software solution on Thursday for mortgage professionals that combines a loan origination system (LOS) with a point-of-sale system (POS).The integrated platform, known as Sonar, has artifi
Read MoreZillow teams with First Street to provide homebuyers with climate risk data

Homebuyers will soon have access to climate risk data on Zillow, according to an announcement on Thursday. Zillow is partnering with First Street to provide users with data on a property’s risk levels for flood, wildfire, wind, heat and air quality through risk scores, interactive maps and insights
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