Coinciding with the effective date for a previously announced reverse stock split, the price for shares of leading reverse mortgage lender Finance of America (FOA) stood well above the minimum threshold the New York Stock Exchange (NYSE) requires to maintain trading activity.As of the close of tradi

The bipartisan duo that leads the U.S. Senate Special Committee on Aging — Sens. Bob Casey, D-Penn., and Mike Braun, R-Ind. — introduced a bill this week that is designed to make it easier for U.S. seniors to qualify for the Program of All-Inclusive Care for the Elderly (PACE) program.The program, w

The HousingWire Pulse Survey for Q3 2024 provides a detailed snapshot of current housing market sentiments and challenges faced by real estate agents, brokers, and mortgage professionals. The survey reveals a generally cautious optimism among these sectors, despite varied expectations regarding mark

The U.S. Senate appropriations committee this week approved full funding for the fiscal year 2025 Transportation, Housing and Urban Development, and Related Agencies Appropriations Act (T-HUD), which provides $98.737 billion in total discretionary funding for agencies including Ginnie Mae.The commit

Richard Blumenthal, the senior U.S. senator from Connecticut, sent a letter last week to Acting U.S. Department of Housing and Urban Development (HUD) Secretary Adrianne Todman asking why what he describes as a “backlog” of housing discrimination complaints has yet to be addressed.The letter, first

Secure payment provider Payload is launching a new payment and billing tool specifically geared toward buyer agents. In a release sent on Thursday, Payload said it created the solution in response to the terms of the National Association of Realtors’ nationwide commission lawsuit settlement agreemen

Compass’ presence in the Dallas-Fort Worth metro area just got stronger. On Thursday, the Robert Reffkin-helmed firm announced that Bridgette Harrington was departing Rogers Healy & Associates for Compass. At Rogers Healy, Harrington led the Bridgette Harrington Group, a real estate team she will be

Unless you’ve sworn off all forms of media, news, and the internet (in which case, how are you reading this?), you know the real estate industry has had quite a roller coaster ride in 2024. Buyer representation has become one of the hottest and most debated topics of the year. Amid the lawsuits and

Like most of its peers, top-five mortgage lender Newrez is prioritizing the use of artificial intelligence (AI) to provide call center representatives with real-time information on its policies, procedures, and guidelines to improve customers’ experience, according to its president, Baron Silverstei

The Federal Housing Administration (FHA) on Friday published Mortgagee Letter 2024-15, which extends a foreclosure moratorium on the Hawaiian island of Maui through Jan. 1, 2025, for FHA-insured forward mortgages and Home Equity Conversion Mortgages (HECMs).The moratorium, initially scheduled to exp

Jim Cullen spent nearly 20 years in the reverse mortgage profession and recently decided that it was time to retire. But as a longtime industry professional who recognizes the potential value of the Home Equity Conversion Mortgage Program (HECM), Cullen previously explained to HousingWire’s Reverse

As the numbers of seniors carrying mortgage debt in retirement has increased, so too has the potential financial burden of a regular monthly mortgage payment. Increases in inflation and the cost of living can overwhelm those living on a fixed income, according to an article published this week in US

Virginia-based Atlantic Coast Mortgage announced this week that residential and wholesale banking software company CRMNow’s mortgage-oriented customer relationship management (CRM) product, Nextwave CRM, will be used by its loan originators across the 30 states it operates in.“Nextwave CRM was the c

A plan announced last week by the White House includes a nationwide cap on rent increases. But another element of the proposal — the allocation of surplus federal land to be dedicated to affordable housing construction — may have been lost in the mix, especially following the Democratic shake-up in

Home insurance premiums have risen by as much as $865 this year for homeowners who originally purchased their policies in 2021. In response, the mortgage industry and federal regulators are aiming to determine the best courses of action to mitigate the financial burdens on both homeowners and insura

The largest brokerage in the nation based on transaction sides has strengthened its presence in Philadelphia. On Thursday, eXp Realty announced that the top-producing Matt Fetick Team was making the move from Keller Williams to eXp.The team is led by Fetick and David Maio Williams, who bring more th

If closed as expected, the acquisition of Flagstar Bank‘s servicing businesses has the potential to make the mortgage servicing rights (MSR) portfolios of Mr. Cooper Group reach the $1.56 trillion mark in unpaid principal balance (UPB), consolidating the company into the top mortgage servicer in the

On a recent episode of the Power House podcast, HousingWire CEO Clayton Collins chatted with Craig Montgomery, chief strategy officer at Lower and former chief production officer at CrossCountry Mortgage. Collins and Montgomery discussed Lower’s plans for growth, its strategic partnerships and how i

It appears the sun may not have completely set on the proposed sale of the shares of REcolorado owned by the Denver Metro Association of Realtors (DMAR) and the South Metro Denver Realtor Association (SMDRA) to MAZL LLC.On Wednesday, MRI Software — the parent company of CTM eContracts, which serves