Home equity levels among homeowners aged 62 and older are at record levels following the end of the pandemic. As a result, reverse mortgages may no longer be considered a “loan of last resort” as financial planners aim to highlight their uses as part of a comprehensive financial plan in retirement.T

Mortgage delinquencies improved again in February as prepayment activity increased moderately.The national delinquency rate eased to 3.34% in February, down from 3.38% in January, according to an Intercontinental Exchange (ICE) mortgage performance report released Thursday. February’s rate was also

There is no doubt that the cooperative compensation structure changes outlined in the National Association of Realtors’ commission lawsuits settlement agreement will generate massive changes in the real estate industry, but those are not the only changes mandated by the terms of the agreement.Based

Earlier this week, the U.S. Department of Housing and Urban Development (HUD) announced that it would be bringing back its Innovative Housing Showcase event to the National Mall in Washington, D.C., on June 7-9. The event is designed to highlight housing solutions and “advancements in housing design

Vetted by HousingWire  |  Our editors independently review the products we recommend. When you buy through our links, we may earn a commission.Looking for more listing leads? With low housing inventory nationwide, agents are using innovative ways to find real estate seller leads and convert them int

The landscape for home flipping across the country was challenging in 2023 as fewer single-family homes and condominiums were flipped and investment returns on these projects declined.A total of 308,922 single-family homes and condos were flipped in 2023, down 29.3% from the 436,807 flips in 2022. T

Unlike many other metropolitan areas across the country, the housing market in Southwest Florida is comparably flush with for-sale inventory.“I think one of the major trends we are seeing is that our overall inventory is up 60% year over year compared to 2023,” said PJ Smith, president of the Naples

Equifax’s Work Number product is too expensive for consumers and the Federal Housing Administration (FHA) and Federal Housing Finance Agency (FHFA) should potentially do something about it, an influential mortgage trade group argued this week.In a letter submitted to FHA commissioner Julia Gordon an

While reverse mortgage volume in 2024 got off to a rocky start, new data that breaks out retail Home Equity Conversion Mortgage (HECM) endorsements versus wholesale production showed that it was the former that took the bigger hit in the first month of the year, based on new data compiled by Reverse

More people seem to be aware of the potential utility that a reverse mortgage could provide for older homeowners, including as a tool to age in place and to provide greater cash flow in retirement. This is according to survey results published this week by WSFS Mortgage, a division of WSFS Bank.“[M]

U.S. Sen. Josh Hawley (R-Mo.) has sent a letter to the U.S. Department of Justice‘s Antitrust Division, urging an investigation of Fair Isaac Corp. (FICO), the company that retains the rights to the mortgage market’s adopted methodology to measure consumer credit risk.The letter, dated March 12 and

Today’s existing home sales report was a massive beat, similar to what happened last year in this month. Will this mark the high point for sales this year like it did in 2023? Unless mortgage rates go lower, that’s what we should expect, because that’s what happened last year. When mortgage rates he

Despite much of the political oxygen in Washington regarding housing issues being taken up by President Joe Biden and the White House, Republicans got their first major opportunity to offer an alternative vision for solving the nation’s housing problems.In a U.S. House of Representatives Subcommitte

Planet Home Lending hired Matt Kingsborough as regional sales manager, the Connecticut-based lender, servicer and asset manager announced Thursday.Kingsborough has more than 20 years of experience in mortgage lending and will be responsible for driving the company’s expansion plans in the western U.

Rocket Mortgage president Tim ​​Birkmeier is retiring after a nearly 28-year stint at the Michigan-headquartered lender. “It is with great pride that I publicly announce my retirement from Rocket Companies and the mortgage industry,” Birkmeier wrote in a LinkedIn post on Thursday. “It was absolutely

HousingWire Editor in Chief Sarah Wheeler sat down with Shayan Hamidi, CEO of Rechat, to talk about how he picks the right problems to solve, the incredible pace of AI innovation, and finding the joy in work. Sarah Wheeler: Let’s talk about your background, because you have both technology and real

While the news of the National Association of Realtors’ settlement agreement in the commission lawsuits may have created panic at some brokerages, local Realtor associations and Multiple Listing Services (MLSs) said they were not only anticipating the news but were prepared for it.“We’ve been scenar

Realty ONE Group International, a global real estate franchise, recently promoted five women to drive the company’s global growth. Cory Vasquez was promoted to the position of co-president, alongside Vinnie Tracey, who has been the company’s president since 2017. Before this promotion, Vasquez serve

One of the major takeaways from Federal Reserve Chair Jerome Powell’s Wednesday news conference was that officials still expect interest rates to come down three times this year, indicating that recent higher-than-expected inflation numbers haven’t been enough to derail previous forecasts. As widely