The Federal Housing Administration (FHA) on Wednesday posted a proposed Mortgagee Letter (ML) that would add flexibility for people receiving rental income from “boarders” who pay for space in an existing dwelling when considering them for an FHA-insured mortgage.Borrowers receiving rental income fr

HSBC has agreed to direct $25 million over the next four years to support underserved communities in an agreement with the National Community Reinvestment Coalition (NCRC) following allegations of redlining, the parties announced on Wednesday. In August 2023, the bank disclosed it was under investig

Nearly three quarters of recent American home sellers said in a Clever survey that using a traditional real estate agent is the best way to sell. As real estate agents adjust to sweeping changes brought by the commission lawsuit settlement, a new report from discount brokerage Clever Real Estate rev

The National Association of Realtors (NAR) is getting a temporary reprieve from the latest antitrust suit it’s fighting regarding “three-way membership agreements” for MLS access.On Monday, the complaint filed earlier this month in U.S. District Court in Los Angeles by John Diaz was dismissed by Jud

Major reverse mortgage companies like Finance of America (FOA) and Ellington Financial — the parent of reverse lender Longbridge Financial — recently released their third-quarter 2024 earnings results, with FOA in particular posting strong numbers while Ellington continues to tout the versatility of

In the newest episode of the RealTrending podcast, host Tracey Velt sits down with Kamini Lane, CEO and president of Coldwell Banker Realty. In this fireside chat, Velt and Lane explore her approach to leadership, Coldwell Banker’s unique focus on agent development and its training program that is d

The passage of the mortgage trigger lead bill as proposed in the U.S. Congress will face a challenge from a new plan expected to be released this week by representatives of the consumer reporting industry, HousingWire has learned.In September, Senate Armed Services Committee Chairman Jack Reed (D-R.

The trend line for mortgage rates has been the same for several weeks, even as some of the uncertainty surrounding the 2024 election is fading. The cost of a home loan continues to move in a negative direction for U.S. consumers and housing professionals alike as the downward movement that started i

Lamacchia Realty is continuing its acquisition spree. On Tuesday, the New England-based firm announced its acquisition of Massachusetts-based Stone Ridge Properties.The financial terms of the deal were not disclosed. Founded in 1990, Stone Ridge Properties has offices in Amesbury and Newburyport, Ma

Homeowners are sitting on a record level of about $35 trillion in home equity — more than double the equity levels recorded prior to the financial crisis and housing market collapse of the late 2000s. But as the share of first-time homebuyers gets smaller — and older — it’s not a given that homeowne

We heard a lot about the need for millions of new homes during the run-up to the election, so I can imagine how shocked some people are to see today’s report on housing starts and permits at recession levels. Minneapolis Fed President Neel Kashkari recently stated that housing demand is high so the

John Rogers is a well-known name in the world of mortgage and real estate data analysis. The globe-trotting CoreLogic executive recently earned a larger role at the California-based company and is now serving as its chief data and analytics officer.Rogers met with HousingWire to discuss his new role

As the transition to the second presidency of Donald Trump continues, the U.S. Department of Housing and Urban Development (HUD) this week aimed to emphasize what it sees as the accomplishments of its environmental record before the agenda on climate issues is set to change dramatically in January.O

The single-family home construction industry might be headed for a slowdown. Data from the U.S. Census Bureau shows that single-family building permits dropped 7.7% year over year in October, hitting a seasonally adjusted annual rate of 1.416 million units. Housing starts didn’t fare much better, dr

In preparation for widespread credit scoring changes, leading credit-score and data analytics company VantageScore has launched a Mortgage Resource Center to support lenders transitioning to the VantageScore 4.0 credit model.The new resource provides tools and guidance to facilitate integration and

What will the housing market look like in 2025? We already see many signals for what to expect, including last week’s data on inventory, new listings and price reductions, which I analyze below. For a more comprehensive look, read our 2025 Housing Market Forecast covering home prices, home sales vol

With Donald Trump’s victory now secured, housing advocates and experts are closely watching for signs of what his second term as president could mean for the nation’s growing housing crisis. Housing was a key topic throughout the presidential election cycle, and it was one of the policy areas discus