Ellington Financial, the parent company of major reverse mortgage lender and servicer Longbridge Financial, announced this week that it has issued a $243 million proprietary reverse mortgage securitization backed entirely by Longbridge’s “Platinum” product line.The loans will also continue to be ser

The U.S. Department of Housing and Urban Development (HUD) on Thursday announced that it has awarded $225 million to 17 groups across 26 states as part of its Preservation and Reinvestment Initiative for Community Enhancement (PRICE) program that was launched earlier this year.The $225 million was i

Better.com announced Thursday that it has hired Misti Snow as its new senior vice president of operations. Snow, who has more than 30 years of operations experience in the financial services industry, officially started her new role on Dec. 16.In an exclusive interview with HousingWire, Snow said th

As 2025 approaches, The Real Brokerage is heading into the new year with more growth-centered momentum. The digital brokerage platform announced another major affiliation this week to strengthen its presence in the luxury market.Real announced this week the affiliation of Urban Nest Realty, a Las Ve

The Federal Housing Finance Agency (FHFA) on Thursday announced that it initiated 43,459 foreclosure prevention actions in the third quarter of 2024, bringing the total number of homeowners helped to more than 7 million since the government-sponsored enterprises (GSEs) entered conservatorship in 200

Florida is home to some incredible real estate. From the sparkling shores of Miami to the Gulf and everywhere in between, the Sunshine State offers plenty of opportunity for real estate agents. In this article, we’ll show you how to get a real estate license in Florida in five simple steps and recom

Great leadership isn’t about being the smartest person in the room or having all the answers— it’s about creating an environment where people feel valued, inspired, and empowered to do their best work. Gratitude is one of the most powerful tools a leader can use to build that environment. It costs n

Ginnie Mae this week released its fiscal year 2024 financial report, which describes how the company has aimed to provide liquidity to the mortgage industry, accessibility to affordable housing and value to U.S. taxpayers. As housing advocates continue to call for the company to receive full funding

The fallout from Fed day got out of hand very quickly. The market reacted badly to the FOMC statement and remarks by Federal Reserve Chairman Powell during the Q&A presser, sending the 10-year yield and mortgage rates higher. Also, the Dow was down over 1,000 points today. So what gives? Market play

CreditXpert, a leading mortgage technology company, announced on Wednesday the launch date for its new credit optimization platform. The company will replace its What-if Simulator and Wayfinder tools with the new platform on Dec. 31. CreditXpert seeks to take a different approach when addressing hom

Intercontinental Exchange Inc. will spend at least $173 million to locate the headquarters of its Mortgage Technology division to Jacksonville, Fla.The company, city officials and the JAX Chamber‘s economic development arm, JAXUSA Partnership, announced the expansion Tuesday and was confirmed by the

It’s not a commonly used phrase, but “cottage courts” could be an increasingly common reality in a country that continues to need novel solutions to address severe housing shortfalls. Some organizations and local officials see them as a potential path forward for older Americans seeking to age in pl

The Consumer Financial Protection Bureau (CFPB) this week released a new report finding that mortgage companies often “create obstacles” for homeowners, leading to what it calls a “customer service doom loop” if a death or divorce impacts the original borrower of a mortgage loan.“Many homeowners rep

SUCCESS Real Estate in the Greater Boston area suddenly closed up shop this week. Over the weekend, broker-owner Steve Webster sent a note to his agents informing them that the brokerage was closing, according to a report by Boston 25 News.“At this moment, we will no longer be accepting any new busi

Government-owned company Ginnie Mae, which oversees the secondary mortgage market and provides a guarantee for a large segment of home loans, released a fiscal year 2024 financial report this week that shows positive results.“During FY24, Ginnie Mae’s mortgage-backed securities (MBS) program support

If you’re interested in becoming a real estate agent in New York, you’ll need to complete a 77-hour prelicensing course and pass the state exam. To help set you up for success on the New York real estate exam and in your new career, we rigorously reviewed the best online real estate courses in New Y

Rent prices have fluctuated alongside home prices in this year’s housing market. More inventory can bring down prices, but some renters still struggle to meet the rental price hikes found in new construction. Seattle-based brokerage Redfin released a report this week that highlighted a 1.5% increase

The report on the Home Equity Conversion Mortgage (HECM) book of business inside the Mutual Mortgage Insurance (MMI) Fund served as another positive development for the program. The estimated economic net worth of the HECM MMI stood at $17.4 million, up from $15.4 million last year, according to the

Mortgage rates haven’t moved much in the past week, but Wednesday’s meeting of the Federal Reserve should give some clearer insights into where the market is headed at the end of the year.The Federal Open Market Committee (FOMC) is scheduled to announce its decision on the federal funds rate at 2 p.

It’s hard to imagine something more disruptive to a housing market than a hurricane.That’s what the Tampa Bay metro area was faced with in October with Hurricane Milton, which made landfall in the area as a Category 3 storm. Milton set a record for tornado warnings with 129, and hundreds of homes we