The Consumer Financial Protection Bureau (CFPB) has found that homeowners facing flooding from rivers and creeks are more likely to be underinsured against flood risk than homeowners in coastal areas, according to a report published on Monday.The report is based on a sample of mortgage applications

Fairway Independent Mortgage Corporation, a large mortgage lender and a top 10 lender in the reverse mortgage industry, will aim to expand its focus on its reverse mortgage arm in 2025 owing to the efforts of David Lazowski, the company’s new president of national recruiting and growth.Emboldened by

You’re bound to find variability in the total cost estimates related to the damage and destruction caused by the wildfires in Southern California, but some of the variations are exacerbated by what is included versus what is excluded in these estimates.According to CoreLogic, the total damage cost e

There were 45,000 new listings for single-family homes across the country this week, which is a big jump. That’s 12% more sellers than a year ago. This is the trend that will be the theme for 2025. It seems more sellers are coming out every week and that will keep inventory pushing upward.Mortgage r

Mr. Cooper Group named former vice chairman and President Chris Marshall as the new CEO of subsidiary real estate solutions firm Xome. Marshall will replace former CEO Mike Rawls, who is set to retire effective June 30. Marshall will work will Rawls over the coming months to ensure a smooth transiti

The wildfires in Los Angeles have caused unspeakable damage, heartbreak and loss of life. As of Monday, the five major fires have burned about 60 square miles in the LA area and 24 people have been killed. While the current focus is rightfully on containing the blazes and protecting residents, it’s

Top 20 U.S. mortgage lender loanDepot announced the promotion of regional sales director Bart Evans to regional vice president for the Southeast region.Evans will help manage retail business in states like Alabama, Arkansas and Tennessee. He will report directly to senior vice president of productio

In a new episode of 10 Minute Talks, HousingWire President Diego Sanchez sits down for an in-depth conversation with Rob Pieklo, president and chief operating officer of American Financial Resources (AFR).During the 10-minute conversation, Pieklo explores his new focus on developing AFR’s wholesale

Our weekly pending contract data is still positive year over year, but only by 1%, as demand growth has slowed amid higher mortgage rates. What does this mean for the spring housing market? Let’s take a look at the data. Weekly pending salesThe latest weekly pending contract data from Altos Research

It’s mostly doom and gloom for real estate investors heading into 2025, according to a quarterly survey released this week by RCN Capital and CJ Patrick Co. Their Winter 2024 Investor Sentiment Survey showed that only 35% percent of investors consider the market to be “better” or “much better” than

With more than 153,000 people currently under evacuation orders in the Los Angeles area due to multiple wildfires, an estimated 10 deaths and thousands of structures burned, the reverse mortgage industry at multiple levels is mobilizing with a clear, overarching message: Impacted borrowers must get

Redfin has started 2025 with a round of layoffs. The Seattle-based brokerage company laid off 46 employees on Thursday.In a statement emailed to HousingWire, a Redfin spokesperson noted that most of the impacted employees were managers in the company’s headquarters, program and field leadership role

Less than 10 days into 2025, California is experiencing a multibillion-dollar wildfire disaster that is further shaking up the state’s already vulnerable insurance coverage. Rep. Maxine Waters (D), who represents a portion of the Los Angeles area that is impacted by the damage, is ready to reintrodu

Real estate and mortgage firms are stepping up to help housing professionals and the Southern California community as wildfires ravage the area. Here’s a roundup of the companies and people offering help, which will be updated with new information as it becomes available.Help for those in the commun

Today’s jobs report beat expectations, and in fact, the labor data was solid for jobs week, which means mortgage rates will stay elevated because it’s always about labor over inflation when talking about rates. Now, the labor market is getting softer from its torrid pace of job creation and wage gro

The U.S. Senate Committee on Banking, Housing and Urban Affairs announced that it will hold a confirmation hearing on Thursday, Jan. 16, for Scott Turner to lead the U.S. Department of Housing and Urban Development (HUD).Scott TurnerTurner was one of a flurry of cabinet-level and other leadership no

A reduction of 0.3% in home values and a slight increase in senior-held mortgage debt have led to the total amount of senior-held home equity dropping from its all-time high.This is according to the latest edition of the Reverse Mortgage Market Index (RMMI), a quarterly report compiled by the Nation

It’s no secret that stubbornly high mortgage rates and sinking inventory levels are stunting housing markets across the country, particularly in places where high home prices are already squeezing would-be buyers.But Bergen County, New Jersey, is taking it to another level. Inventory and new listing

Incenter Lender Services, a group of companies that help nonbank and depository mortgage lenders nationwide, announced this week the hiring of two new vice presidents. Kathleen Rose and Wayne Brown will join Incenter’s leadership team.Both executives will oversee national accounts, tapping into the