FHA’s Julia Gordon reflects on housing successes, challenges at reverse mortgage conference

At the National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo in San Diego this week, Federal Housing Administration (FHA) Commissioner Julia Gordon addressed the assembled audience of reverse mortgage industry professionals and reflected on her time in the post as the Biden a
Read MorePreparation can ease the process of aging in place: WSJ

As a vast majority of older adults prefer to remain in their current homes as they age, a key to successfully aging in place lies in preparation and adequate understanding of the dwelling, according to a new examination by the The Wall Street Journal.The report cited 2021 data from Harvard Universit
Read MoreA month after seismic industry changes, real estate agents aren’t much more optimistic

In the six months since news of the National Association of Realtors‘ (NAR) nationwide commission lawsuit settlement broke, agent attitudes toward the settlement’s required business practice changes have only slightly improved. This is according to a study published earlier this week by real estate
Read MoreStreetWire partners with MetroList on home value insurance product

Multiple listing services (MLSs) have a wealth of data, and one technology company thinks it has found an innovative way to use it.Real estate data company StreetWire has partnered with Northern California MLS MetroList to produce an insurance product called Home Value Lock. It’s designed to protect
Read MoreZillow introduces First Street's comprehensive climate risk data on for-sale listings across the US

NRMLA honors longtime service as CEO announces retirement

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
Read MoreWill Alabama Realtors’ efforts to change NAR membership lead to anything?

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
Read MoreOlder adults are depicted more positively online, but work remains

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
Read MoreInvestors are purchasing fewer homes, but they still account for nearly 25% of sales

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
Read MoreAfter industry criticism, FHFA revises changes to Suspended Counterparty Program

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
Read MoreReal Brokerage expands in 13 states with addition of 40-agent team

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
Read MoreHow to be a successful real estate agent (without going broke)

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
Read MoreMortgage applications rise to highest level since July 2022

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
Read MoreJudge grants motion to dismiss NEXA Mortgage lawsuit against former president

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
Read MoreWhy aren’t home prices falling?

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
Read MoreChicago housing market normalizing after unprecedented volatility during the pandemic

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
Read MoreRithm will publicly offer up to 34.5M shares of common stock

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
Read MoreRoemanu hires Charles Macintosh as COO

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
Read MoreDOJ, Nutter Home Loans reach $2.4M settlement over False Claims Act allegations

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
Read MoreHigh property taxes in Maine? Mayor says to ‘consider a reverse mortgage’

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
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