FHA updates portal to accommodate expansion of 203(k) loan program

The Federal Housing Administration (FHA) announced late last week that the previously detailed updates and expansions to its 203(k) Rehabilitation Mortgage Insurance Program will be incorporated into updates for the FHA Connection (FHAC) portal. This system provides FHA-approved lenders and business
Read MoreBay East MLS removes field showing seller’s willingness to consider concessions

Although cooperative compensation or commission information is no longer available on many MLSs after the National Association of Realtors‘ (NAR) nationwide commission lawsuit settlement agreement went into effect Aug. 17, some MLSs have allowed agents to continue indicating whether their seller is
Read MoreHow low do mortgage rates need to go before borrowers appear?
Even as the real estate and mortgage markets are seeing light at the end of the tunnel following two difficult years of conditions, mortgage rates have yet to ease enough to create a surge of demand for purchase loans and refinances.At HousingWire‘s Mortgage Rates Center on Tuesday, the rate for 30-
Read MoreHome prices hit another record high in June
Home prices continued to climb in June. The S&P CoreLogic Case-Shiller national home price index rose 5.4% annually to a reading of 325.23 in June, according to data released Tuesday. While prices continue to climb on a year-over-year basis, June’s figure was down from 5.9% growth in May. June’s ann
Read MoreHow to tackle growth challenges when you’re building a real estate team

In my last article, I touched on three of the challenges we had to overcome to achieve our growth goals. Now, let’s dive in and examine some of the things my amazing team at Coldwell Banker Premier was able to accomplish to help us along our path. None of this happened overnight, so don’t beat yours
Read MoreInventory is declining in key markets

Unsold inventory in the two biggest housing markets in the country, Texas and Florida, declined this week. There are fewer homes for sale now than a week ago. Inventory seems to have peaked for the season and is slowly inching down.There appears to be two reasons we’re seeing a seasonal peak in unso
Read MoreRate’s reverse mortgage leader on product specialization and growth

By maintaining a consistent posture that is informed by the dynamics of the traditional forward mortgage business, Rate’s reverse mortgage division has seen notable growth in the year after the appointment of new leadership. Ryan Ogata, Rate’s executive vice president of reverse mortgage lending, pr
Read MoreBaby boomer retirements squeezed by rising home insurance costs

The baby boomer generation is “slipping through the cracks” of the U.S. retirement system due to the rising prices of home insurance across the country, according to an analysis from online insurance marketplace Insurify.“A new source of financial strain on retiree budgets is homeowners insurance pr
Read MoreSix states approved for HUD disaster relief over the past two weeks

Since Aug. 13, the U.S. Department of Housing and Urban Development (HUD) has announced disaster relief efforts across six states due to presidentially declared major disasters resulting from a hurricane, flooding, tornadoes and landslides.A few days after President Joe Biden issued a major disaster
Read MoreStarter home growth is sparking buyer activity: Redfin

Affordable homes have long been in short supply for lower-income households, but data released Monday by Redfin showed positive signs for the starter-home segment.According to Redfin, pending sales of starter homes grew 10.2% year over year in July to reach their highest level since October 2022. Th
Read MoreCompass adds top-performing agent in Houston

Compass is making progress on its goal of establishing a 30% market share in 30 of country’s top metro areas.The brokerage has expanded its roster in Houston with the addition of Natasha Simon, who brings $892 million in career sales across 1,200 transactions to the company. She was previously with
Read MoreNAR, Move named in new lawsuit alleging sale of fake leads

The National Association of Realtors (NAR) is facing yet another lawsuit. The latest complaint, which is seeking class-action status, was filed on Friday by eight real estate agents in Los Angeles County Superior Court.The suit claims that NAR, along with Move Inc., Move Sales, OpCity Acquisitions,
Read MoreHomeLight raises $20M to expand Buy Before You Sell product

Proptech HomeLight has raised $20 million to expand the offering of its Buy Before You Sell product to mortgage lenders and real estate agents across 40 new states, the company announced on Monday. Zeev Ventures, an early-stage venture fund, led the Series D extension, and was joined by Stereo Capit
Read MoreRocket rolls out temporary rate buydown for lower-income households

Detroit-headquartered Rocket Mortgage on Monday rolled out a lender-paid 2-1 temporary buydown program for lower-income households.The program, dubbed “Welcome Home RateBreak,” is available to buyers purchasing a single-family home and earning 80% or less of their area median income (AMI). Rocket es
Read MoreMillennials want more space in the rental market

As the housing market continues to be marked by high mortgage rates and record-breaking home prices across many U.S. regions, renting continues to play a pivotal role for millions of people. Currently, more than 44 million U.S. households rent their homes, a figure that is expected to continue to ri
Read MoreThe best real estate brokerage software for 2024

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission.With technology changing faster than new agents answer phone calls, choosing the right real estate brokerage software can sometimes feel like a full-time job
Read MoreHow to set up your real estate agent Facebook page to get more leads

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission.While they may not be as trendy as they once were, a well-crafted real estate agent Facebook page is still the best way to generate leads on social media. Yo
Read MoreWill the NAR settlement changes slow down home-buying?
It’s been one week since the NAR settlement changes went into effect. Did the changes affect any of the housing data we track every week? Since the buyer’s commission payout isn’t as transparent as before, I have been anticipating delays in the home-buying process as people adapted to the new rules.
Read MoreHUD reaches agreement with Texas county over alleged misuse of disaster buyout program

The U.S. Department of Housing and Urban Development (HUD) on Friday announced an agreement with Harris County, Texas, to settle allegations of discrimination based on race and national origin in its “design and operation of its Post Disaster Relocation and Buyout Program.”While the county is party
Read MoreWhy new-home sales had such a big beat
The new home sales report had such a big beat today that many people had to double-check the numbers — and I get it. The estimates were for 623,000 but the sales came in at 739,000. This isn’t my first rodeo with new home sales data and I believe these numbers will be revised lower, but a beat is a
Read More
Categories
Recent Posts











