Vacant residential homes, also known as “zombie properties,“ continue to represent a small portion of the U.S. real estate market, allaying fears of a foreclosure crisis following the end of pandemic-initiated moratoriums. Data released Thursday by Attom in its second-quarter 2024 Vacant Property an

Next week, I’m onboarding a new senior team member at HousingWire. This new leader will be taking over a function that I’ve been leading for quite awhile. I’m excited for the new energy, creativity and skills, and I’m giving a lot of thought on how to set up a new manager for success. Through the le

Ginnie Mae, which manages the government-guaranteed portfolio of forward and reverse mortgage-backed securities (MBS), announced this week at a National Reverse Mortgage Lenders Association (NRMLA) event that it will release initial details of its forthcoming Home Equity Conversion Mortgage-backed S

Mortgage lenders First Financial Lending and Greystone Mortgage filed a class-action-seeking lawsuit this week accusing credit reporting agency Equifax of maintaining a monopoly in the market for electronic income and employment verification (VOIE).   The case is tied to a strong increase in the cos

Home Equity Conversion Mortgage (HECM) endorsements declined by 4.2% in March, a dynamic primarily driven by an drop in endorsements from the wholesale side of the business even as the retail side saw a month-over-month improvement in originations. This is according to data compiled by Reverse Marke

“Wait, you mean I don’t have to live on Instagram all day for it to work for me?”Yes. It is entirely possible! In the fast-paced world of social media, maintaining an active presence on platforms like Instagram can be both a blessing and a burden. As Realtors and entrepreneurs, we strive to stay rel

Ginnie Mae is aiming to roll out plans for its new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product by the end of the year, according to acting president Sam Valverde, who spoke at the National Reverse Mortgage Lenders Association (NRMLA) Eastern Regional Meeting in Washington

Editor in Chief Sarah Wheeler talks with Brad Rice, founder and CEO of Amerifund Home Loans and Homepie, about how his company is streamlining the process of selling for homeowners who want to sell their home themselves. Ironically, the technology he’s developed can be a benefit to real estate agent

In March 2024, the national delinquency rate for residential mortgages stood at 2.8% for the third month in a row, up slightly from March 2023, according to the latest CoreLogic Loan Performance Insights report.The data provider examined all stages of delinquencies to gain a complete view of the mor

The share of older workers in the U.S. has grown significantly since the turn of the century, with 29.5% of workers in 2023 at least 65 years old, compared to 23% in 2000, according to a new report from the Employee Benefit Research Institute (EBRI).This occurred as labor force participation by olde

Bright MLS, the nation’s second-largest multiple listing service, is set to overhaul its platform this summer to align with new standards stemming from the National Association of Realtors’ recent settlement of the real estate agent commission lawsuits.Starting Aug. 14, Bright MLS will eliminate its

A report released Thursday by Redfin showed that 6.4% of U.S. home sellers cut their asking prices during the four-week period ending May 26. That is the highest percentage since November 2022 and a potential sign that sale prices will soften in the coming months.The national real estate brokerage r

Coldwell Banker Realty, a New England-based residential real estate brokerage, welcomed The DelRose McShane Team, the brokerage announced on Wednesday. Led by Mike DelRose Sr., Mike DelRose Jr. and Bobby McShane, The DelRose McShane Team boasts eight agents. They formerly operated the RE/MAX Revolut

The Consumer Financial Protection Bureau (CFPB) on Thursday issued a new request for information (RFI) from the public concerning “fees charged by providers of mortgages and related settlement services,” according to the RFI document reviewed by HousingWire.Part of a broader attack on what both the

The National Oceanic and Atmospheric Administration projects an 85% probability of an above-average hurricane season in 2024, with damage likely to eclipse the relatively mild 2023 that saw only one hurricane of note — Idalia — make landfall in the U.S. and cause over $2 billion worth of insured dam

Fathom Holdings, the parent company of cloud-based real estate brokerage Fathom Realty, appointed Jon Gwin as chief operating officer. He replaces Samantha Giuggio, who held the role since January 2022.Gwin brings a wealth of experience to the role, having previously held executive positions at Amer

EXIT Realty Corp. International and Earnnest, a digital app that handles earnest money collections, announced a partnership on Tuesday that is designed to create more seamless and secure real estate transactions.The Earnnest platform offers a user-friendly and fully digital fund transfer process for

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