For seniors who have retired, taking on additional debt that requires a monthly payment while being on a fixed income could have ramifications on quality of retirement, and it should be considered in concert with all the facts about how it will impact a senior’s financial situation.This is according

The Federal Reserve’s Federal Open Markets Committee (FOMC) held its short-term policy interest rate steady at a range of 5.25% to 5.5% at its first meeting of the year on Wednesday. The decision falls in line with the stance taken by central bank officials in recent meetings, where they maintained

The top-producing Suarez Team is joining real estate firm The Real Brokerage, according to a company announcement on Wednesday.Powered by James and Roxanne Suarez, the 10-person team serves the greater Los Angeles market, including Silicon Beach, Beverly Hills, Hollywood Hills and the South Bay. Bef

Data from the American Land Title Association’s (ALTA) Title & Settlement Agent Registry (ALTA Registry) will be integrated with the platform of closing software provider Qualia, according to an announcement on Wednesday.The data will be provided to Qualia under a licensing agreement with the ALTA R

Nearly three in four baby boomers aren’t using resources that would help them achieve or maintain homeownership status, according to survey data released Tuesday by nonprofit group NeighborWorks America.About 10,000 Americans turn 65 each day and all boomers will reach that milestone by 2030, accord

Government-sponsored enterprise (GSE) Freddie Mac this week released an industry letter encouraging seller/servicers to take the accelerating pace of cybersecurity threats seriously, and to ensure that processes and tools are maintained to limit exposure to potential security risks.“A record number

The Agency founder Mauricio Umansky has never been shy about pushing the envelope. In 2017, the broker, along with David Barnes, James Harris and Christopher Dyson, founded The PLS.com, a national home listing site. As a firm, The PLS.com took issue with the National Association of Realtors’ so-call

Attorneys for the U.S. Department of Justice (DOJ) have filed a motion in the U.S. District Court for the Northern District of Texas that aims to temporarily halt the evidence-gathering process in a lawsuit brought by Texas Capital Bank (TCB) against Ginnie Mae. This is according to court documents

Two Harbors Investment Corp., a New York-based real estate investment trust, announced Tuesday its plan to launch a mortgage origination unit in the second quarter of 2024, less than a year after the company debuted in the servicing business by acquiring RoundPoint Mortgage Servicing Corp. in Octobe

Atlanta-based nonqualified mortgage (non-QM) lender Angel Oak Mortgage Solutions is tapping into the home equity line of credit (HELOC) market amid elevated equity levels. Unlike traditional HELOCs that require a homeowner to have at least 20% equity in their home, Angel Oak’s HELOC qualifies borrow

While individual needs and health issues will primarily dictate how a person spends their final years, a new study shows that home-based care is a leading outcome for older Americans. This conclusion comes from a new study by researchers at Rutgers University in New Jersey. Hospice News first report

Scott Mitchelson is joining The Corcoran Group as senior vice president of global development, the company announced on Tuesday.In his new role, Mitchelson will lead the expansion of the Corcoran brand both domestically and internationally while working closely with the Corcoran affiliate network’s

Cincinnati-based First Financial Bank has agreed to direct $2.4 billion in the next five years for lending and investments to low- and moderate-income (LMI) clients and census tracts, with 30% of the total tied to mortgage lending. The initiative is part of a community benefits agreement with the Na

The U.S. housing market has reached its least affordable point in decades and housing agencies have increasingly rolled out homebuyer assistance programs to tackle this issue.A total of 135 new homebuyer assistance programs were introduced in 2023, a 6% increase over the previous year. This brought

Ready to launch your real estate career in Utah? You’ll need to complete a 120-hour approved course and sit the state licensing exam to become a real estate agent in Utah. We’ve researched the top Utah real estate schools to find the best online programs for your prelicensing education, with various

The U.S. Department of Housing and Urban Development (HUD) announced on Monday that it will distribute $3.16 billion in homelessness aid to communities across the country through its Continuum of Care program, which is designed to provide housing assistance and/or support services to people experien

Homebuyers are getting some relief in 2024 as mortgage rates recede from their 20-year high point of last October.A homebuyer with a $3,000 monthly budget has gained nearly $40,000 in purchasing power since October, according to a new Redfin report. Indeed, with a 6.7% mortgage rate, the prospective

Most economists forecast mortgage rates to decline in 2024, stoking optimism about the housing market.According to the newest Bloomberg Markets Live Pulse Survey (MLIV Pulse), the rate on the 30-year fixed mortgage will fall to 5.5% by the end of this year. Most forecasts call for rates to bounce wi

Despite looking a bit different at the end of 2023, there were a lot of similarities in the full-year Home Equity Conversion Mortgage (HECM)-backed securities (HMBS) issuance tables when compared to recent years. One thing that is much different compared to 2022, however, is total issuance.Here are