Late last month, Ginnie Mae released a term sheet for one of the most anticipated new developments for the reverse mortgage industry — a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as “HMBS 2.0.”The new term sheet details several differences from the curre

Julia Gordon, the commissioner of the Federal Housing Administration (FHA) and a leading voice at the U.S. Department of Housing and Urban Development (HUD), will be returning for the third consecutive year to the National Reverse Mortgage Lenders Association‘s (NRMLA) Annual Meeting and Expo that w

In a recent segment of CNBC’s “Worldwide Exchange,“ HousingWire lead analyst Logan Mohtashami and anchor Frank Holland dive into last week’s spike in mortgage applications as well as housing permit levels. According to recent data from the Mortgage Bankers Association, mortgage applications for new

“A national secondary market for construction financing could allow lenders, like state housing finance agencies and banks, to provide the investment capital needed to get multifamily housing projects built and keys in families’ hands.”This is the conclusion of a new report published by the Center f

They say everything is bigger in Texas — and apparently that includes housing inventory growth.While available homes for sale are growing all over the country, it’s happening at a dramatic scale in Texas. According to a second-quarter 2024 report from Texas Realtors, the number of active listings fr

The Federal Housing Administration (FHA) on Friday announced that its FHA Connection (FHAC) portal — which provides FHA-approved lenders and business partners with secure online access to computer systems at the U.S. Department of Housing and Urban Development (HUD) — has experienced outages in cert

Ascent Developer Solutions, a private mortgage lending platform, announced its launch Friday in conjunction with an equity infusion from Elliott Investment Management.Headquartered in Southern California, AscentDS will focus on providing customized financing solutions to single-family and multifamil

Artificial intelligence has taken the real estate industry by storm over the past two years and Coldwell Banker is no exception. On Thursday, the Anywhere Real Estate brand announced that it had equipped its exclusive marketing platform tool Listing Concierge with generative AI capabilities.Through

St. Louis has one of the lowest levels of single-family rents among major U.S. cities, but it might not stay that way for long.A report released this week by CoreLogic showed that the city had the highest year-over-year single-family rent growth in May among the 20 major markets analyzed. With a 6.2

What happens when you combine a decentralized application (dApp) tokenization platform with a decentralized finance (DeFi) protocol built on real-time data?Other than an intriguing word salad, two real estate proptech startups believe it means very good things for property owners using nonfungible t

Millennials are once again the largest group of homebuyers in the country. In some metro areas, they are buying homes at rates up to 13 times higher than other areas.A report released this week by personal finance website SmartAsset analyzed data from the U.S. Census Bureau and the Home Mortgage Dis

A coalition of five federal agencies — the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corp. (FDIC), the Federal Reserve Board, the National Credit Union Administration (NCUA) and the Office of the Comptroller of the Currency (OCC) — announced on Thursday finalized gui

Thing are heating up in Move Inc.’s ongoing battle with CoStar Group. On Monday, Move (the parent company of Realtor.com) filed a motion for a preliminary injunction in the suit it filed earlier this month against CoStar, the parent company of Realtor.com rival Homes.com, and James Kaminsky, a forme

Fintech Sagent hired Jaime Gow, a former executive at Mr. Cooper and First Horizon Bank, as its new chief financial officer. The hiring coincided with the departure of the company’s chief technology officer, Uday Devalla. Warburg Pincus-backed Sagent highlighted Gow’s background in servicing as a re

The Federal Housing Administration (FHA) this week published a new proposed policy for the Home Equity Conversion Mortgage (HECM) program, which would update the way debenture interest rates for HECM loans operate.The draft Mortgagee Letter (ML) “proposes updates to HUD’s calculations for the paymen

Finance of America, the reverse mortgage industry’s leading lender, announced this week that its planned reverse stock split will take place as scheduled on July 25.The plan, initially announced last month, involves consolidating the available shares in the company into fewer, higher-priced shares.

Last month, the U.S. Department of Housing and Urban Development (HUD) announced the launch of a new program designed to allow for the purchase, refinance or renovation of manufactured housing under a loan program sponsored by the Federal Housing Administration (FHA).The Manufactured Home Community

In part 2 of a wide-ranging interview with Editor in Chief Sarah Wheeler, Brooke Anderson-Tompkins talks about the right time to start implementing AI and why she’s an AI optimist. Anderson-Tompkins was president of 1st Priority Mortgage for 15 years and is a former chair of the Community Mortgage L

A coalition of eight trade groups — including the Housing Policy Council (HPC), the Mortgage Bankers Association (MBA) and the Community Home Lenders of America (CHLA) — have requested additional time from the Consumer Financial Protection Bureau (CFPB) to comment on proposed changes to Regulation X

A newly released episode of the Real Estate Insiders Unfiltered Podcast explores the future state of buyer and seller relationships in the housing market after the National Association of Realtors‘ (NAR) business practice changes take effect Aug. 17.Co-hosts James Dwiggins and Keith Robinson chatted