The dream of homeownership is becoming increasingly elusive for many Americans as both home prices and insurance premiums are on the rise. Over the past decade, home prices have nearly doubled, according to the S&P CoreLogic Case-Shiller national index. Homeowners insurance premiums are climbing too

Lisa Moriello, the national retail reverse mortgage sales manager at multichannel lender loanDepot, recently spoke to RMD about how business in 2024 seemed to be off to a promising start.Diving deeper into the current reverse mortgage business environment, she offered additional perspectives on mult

The U.S. Department of Veterans Affairs (VA) announced on Thursday its goals to house 41,000 veterans experiencing homelessness by transitioning them into permanent housing, and to ensure that 95% of those who receive such assistance do not return to homelessness during the year.The VA also seeks to

Investment returns for single-family rental homes are expected to rise in 2024, buoyed by rent prices that are rising faster than home prices across the country.The average annual gross rental yield for a three-bedroom home is projected to be 7.55% in 2024, up from an average of 7.39% for the same m

The U.S. Department of Housing and Urban Development (HUD) is being sued in federal court over accusations that it failed to refund nearly $385 million in mortgage insurance premiums (MIP) to borrowers over a period of more than two decades. The lawsuit was previously reported by National Mortgage N

Michael Hild, who served as CEO of now-defunct reverse mortgage lender Live Well Financial, is seeking a one-year delay of a deadline to file a motion for a new trial based on what his attorney describes as “new evidence.” This is according to court documents reviewed by RMD.After his arrest by the

Hello Divorce, a platform that provides legal assistance to couples in the process of divorce, has introduced a new service, HomeSplit, to help individuals navigate the process of dividing their home’s financial assets.Finding a way to divide a home can be financially and emotionally fraught, and Ho

The Department of Justice has recently weighed in on the real estate agent commission debate, and researchers at the Federal Reserve have also added to the discussion.In a working paper published in late February and written by Borys Grochulski and Zhu Wang of the Federal Reserve Bank of Richmond, t

As recently as five years ago, homeowners insurance was certainly not top of mind for most homebuyers and their real estate agents, but the rapidly rising cost of insurance premiums is changing that.“Before, insurance was kind of an afterthought. It was just a box to check off,” said Paul Scalone, a

Vetted by HousingWire  |  Our editors independently review the products we recommend. When you buy through our links, we may earn a commission.Real estate is a vibrant, dynamic and competitive industry. From the thrill of a sale to the pursuit of new leads, it keeps you on your toes. That said, it c

Luxury Realty Group, a subsidiary of Luxury Realty Group Holdings, launched the beta testing for its conversational AI services website vuHome.ai, the company announced on Tuesday. The product will be available across its brokerage operations in Las Vegas. Luxury Realty Group’s clients will be able

The presiding judge in the bankruptcy case involving Reverse Mortgage Investment Trust (RMIT) — the parent company of former leading reverse mortgage lender Reverse Mortgage Funding (RMF) — has approved a request to transfer the company’s bankruptcy status to Chapter 7 from its current Chapter 11 st

Amid escalating climate concerns, Realtor.com has launched enhanced tools to help homebuyers and sellers evaluate the climate risk exposure of a property, according to a company announcement on Wednesday. Realtor.com is leveraging data from First Street, a climate technology company, and will offer

Guild Mortgage released its fourth-quarter and full year 2023 earnings report this week, showing that it narrowed its focus on purchase originations and increased its market share on the forward lending side, but it still sustained a loss.After its acquisition last year of Cherry Creek Mortgage, Gui

Vetted by HousingWire  |  Our editors independently review the products we recommend. When you buy through our links, we may earn a commission.Artificial intelligence (AI) tools equip real estate agents with unprecedented capabilities. While ChatGPT has become a go-to tool for many of us, predictive

Beverly Hills celebrity agent Josh Flagg made the leap to Compass, the company announced on Tuesday. Since 2021, Flagg was affiliated with Douglas Elliman. He will now work from Compass’ Beverly Hills office.“We’re excited to officially welcome Josh to Compass,” founder and CEO Robert Reffkin said i

United Wholesale Mortgage (UWM) will begin to cover the upfront cost of hard credit report pulls for its broker partners as it aims to expand market share.The new initiative will ease the impact of out-of-pocket expenses for mortgage brokers after the costs for credit reports increased this year, th

The U.S. Department of Housing and Urban Development (HUD) signed onto an international climate declaration, described as “a foundational document for international cooperation that will enable progress towards a rapid, fair, and effective transition of the building sector to zero emissions,” accord

The CPI report came out Tuesday, and the headline number showed a 12-month inflation of 3.2%. The running average of CPI going back to 1914 has been 3.3%. So, what should we take away from this number, seeing that market participants are still worried about 1970s inflation and some don’t want to see