For many, summertime in northern New Hampshire is the perfect opportunity to get back to nature, relax lakeside and generally slow down a little. According to local real estate agents, the region’s housing market seems to have read the same memo, as June did not bring the same market boost as many h

Homeowners 62 and older saw their collective home equity levels rise in the first quarter of 2024 by roughly $328.5 billion to a total of $13.19 trillion, a recovery after decreases observed over the past year.This is according to the Reverse Mortgage Market Index (RMMI), a measure of senior-held ho

San Jose-based EquiFi Corp., a provider of shared equity financing products, announced Thursday that it hired Paul Giangrande as a corporate executive vice president and president of its mortgage division.Giangrande previously served as president of AmeriCash Mortgage and has more than 30 years of e

Real estate investors in nine states just gained a new option for finding homes and agents.Easy Street Offers announced Friday that it’s expanding its operations to include states with increasingly hot housing markets — and geographically, these are all over the country. The states added are Utah, P

The U.S. Supreme Court on Friday ruled that U.S. cities have the authority to ban homeless people from sleeping outside, in a case brought against a city in Oregon that sought protection for homeless residents under the Eighth Amendment to the U.S. Constitution.Challengers to the position of Grants

With housing markets across the country dealing with a lack of inventory and rapidly rising prices, working-age adults who let their parents live with them is an increasingly common situation. It’s intended to limit the total amount of expenses for one of the involved parties.The impact on a working

The Federal Housing Finance Agency (FHFA) on Thursday named the inaugural members of its newly created advisory committee on affordable, equitable and sustainable housing.The purpose of the committee is to provide nonbinding advice to the agency on how Fannie Mae, Freddie Mac and the Federal Home Lo

During Thursday night’s historic presidential debate broadcast by CNN, housing issues only came up briefly, and only from one candidate. The debate was the first in decades not to be sponsored by the bipartisan Commission on Presidential Debates, the first presidential debate with a commercial break

In the constantly evolving real estate landscape, Multiple Listing Services (MLSs) today face a significant challenge: agent attrition. As interest rates have remained comparatively high and property prices have soared, the for-sale market has stalled, resulting in many agents now selling only a few

Dominion Financial Services, a Baltimore-based private lender with products tailored to real estate investors, has launched a third-party origination program for mortgage brokers, according to an announcement on Thursday.“This marks a significant milestone in the company’s commitment to expanding it

Ginnie Mae on Thursday released a new term sheet for its proposed Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) offering, which is an additional program that the company and reverse mortgage industry alike have referred to as “HMBS 2.0.”Last month at a National Reverse Mortgage Len

The great state of Texas may not be the first place that comes to mind when it comes to buying waterfront real estate, but a little town near Austin has been judged as the best one for it.That’s according to a new study from Virtual Staging AI, which named Lakeway, Texas, as the best location in the

Global credit rating agency DBRS Morningstar this week assigned a “good” rating to Longbridge Financial, reconfirming the ranking the company first achieved in 2021.The rating is officially classified as “MOR RVO2” by Morningstar. The agency noted that in 2023, Longbridge acquired or originated more

Taking a similar approach to Judge Patti B. Saris, who is overseeing the Nosalek suit, New York-based Magistrate Judge Robert W. Lehrburger has decided to stay the March and Friedman commission lawsuits.Both suits were filed in federal court in New York City and accuse real estate industry players o

Bright MLS and SentriLock are teaming up in the hopes of strengthening showing service technologies, the companies announced on Thursday.Through the strategic partnership, SentrilLock will provide its showing service platform to Bright subscribers. In addition, SentriLock will integrate REalchemy’s

The U.S. Supreme Court on Thursday announced a decision that strips the Securities and Exchange Commission (SEC) of its ability to try civil financial fraud cases in its in-house court system, ruling that defendants in these cases have the right to a trial by jury under the U.S. Constitution.Other r

Mortgage data provider Optimal Blue this week announced the launch of Competitive Data License, a product that is designed to help lenders price loans accurately and drive profitability. In its announcement, the Texas-based company described the product as “a collection of key national mortgage pric

Today, new home sales came in slightly below estimates. The three monthly revisions were positive, but one glaring data line shows why single-family permits have been down for three months. The total active inventory of new homes completed and ready for sale is now above 2019 levels. This means that

Heather Lovier replaced Bill Emerson as chief operating officer of Rocket Companies following the appointment of the board of directors on June 20. Emerson will remain as Rocket’s president. An industry veteran, Lovier joined Rocket Mortgage, the company’s lending arm, in 2003. She has focused the p

Reverse mortgage industry leader Finance of America (FOA) announced this week that it has restructured its unsecured debt into new, secured debt that will come due beyond the original 2025 maturity date. This is according to an announcement and an 8-K filing with the Securities and Exchange Commissi