Ginnie Mae intends to develop a new reverse mortgage-backed security product enabling the acquisition of loans from an HMBS pool above the existing 98% maximum claim amount (MCA) requirement, according to a new announcement.Released on Tuesday morning, the move is a further attempt to address the we

After a multi-year decline in agent movement between brokerages, Relitix’s Agent Movement Index shows a clear bottoming out in early fall of 2023 and increased real estate agent mobility as we move into 2024.“We can definitely call a bottom to the decline in agent movement,” said Rob Keefe, Relitix

Last week, housing inventory grew and the number of price cuts fell, which is expected at this time of the year. I hope the next thing we see is housing inventory grow at the level it typically does in January or February instead of being delayed until March or April. Last year at this time, invento

What’s the secret to nurturing leads and turning them into loyal clients? It’s a high-functioning customer relationship management (CRM) tool with robust features, integrations and automation. As your real estate business expands, nurturing your growing client base inevitably leads to a need for imp

With much of the U.S. retirement conversation often focused on the increasing challenges of maintaining a quality of living into older age, a law passed by Congress in 2022 could be a positive sign.The Securing a Strong Retirement Act of 2022, known by its moniker “SECURE 2.0,” includes provisions i

The U.S. Supreme Court last week scheduled oral arguments for seven pending cases to take place in February, including one that will decide whether “the National Bank Act preempts the application of state escrow-interest laws to national banks,” according to a publication of the argument schedule an

Despite the still-challenging rate environment, some homeowners might opt to bite the bullet and give up their low rate to move, according to a Redfin study.   Nationwide, the share of homeowners with relatively low rates has fallen modestly from a record high of 92.8% in mid-2022. In the third quar

A proprietary reverse mortgage from Finance of America Companies (FOA) now secures the home of Rhode Island’s honorary historian laureate after the property was returned to the owner after attempts to bequeath it to a nonprofit historical society he founded. This is according to reporting from The P

Mortgage businesses at Wells Fargo, JPMorgan Chase and Bank of America are now only a fraction of what they were in 2022. As a group, the trio originated about $80 billion in mortgages in 2023, down from nearly $218 billion the prior year – a $138 billion decline (63%). The downsized volume reflects

Guaranteed Rate has introduced a new feature that allows sellers working with a G-Rate loan officer to pay a fee that locks in a permanently discounted mortgage rate for a buyer.Known as “RateReduce Sell,” it’s a major enhancement to the existing RateReduce buydown program, in which sellers have pai

Agents and brokers in Colorado will soon be able to view listings and share their own listings, with real estate professionals in four other metro areas. REcolorado, the state’s largest multiple listing service, announced new data sharing partnerships with four other MLSs on Thursday.The Colorado ML

The value of all residential real estate worldwide is approximately $200 trillion. Of this, the U.S. accounts for approximately 23%. Every year, transaction volume in the U.S. exceeds $1.5 trillion. The numbers are staggering so it is no surprise that residential proptech is a heady market, capturin

Vetted by HousingWire  |  Our editors independently review the products we recommend. When you buy through our links, we may earn a commission.Getting your real estate license in California can take as little as 7.5 weeks. We’ll show you how to get a real estate agent in California, taking you throu

Inflation came in hotter than expected on Thursday, but we are still talking about rate cuts in 2024! The 10-year yield had a mild reaction to today’s data, increasing a few basis points early. It’s now at 3.98%, a far cry from 5.04% as we saw last year. This, while jobless claims data is still hist

When Kevin Sears stepped into the role of National Association of Realtors president on Monday following Tracy Kasper’s resignation, he became the trade organization’s third president in a little over four months.The saga of NAR’s revolving door of presidents began in late August 2023 when the New Y

Just over 60% of U.S. seniors at or over the age of 50 have not sought out professional retirement planning advice, despite data indicating a general lack of retirement preparedness among the older population according to a survey published this month by AARP and conducted by the National Opinion Re

After a long period of silence and extensions granted by the U.S. District Court for the Northern District of Texas, Ginnie Mae has filed its response to a lawsuit brought against it by Texas Capital Bank (TCB) saying the warehouse lender lacks standing and discounts the authority the government has

The Real Estate Board of New York is now fighting a second copycat commission lawsuit.Like the March suit, filed in early November, just days after a Missouri jury found the National Association of Realtors, Keller Williams, and HomeServices of America liable for colluding to artificially inflate re

In the lead up to the Sitzer/Burnett real estate commission trial, the National Association of Realtors expected to prevail.“I am feeling cautiously optimistic and that is because I think that we will, in terms of the litigation, be able to convince a panel of jurors who are consumers that the way t