HousingWireHousingWire The United States saw an 18.1% increase in homelessness this year, attributed to a lack of affordable housing, devastating natural disasters and a surge of migrants in several parts of the country, the U.S. Department of Housing and Urban Development (HUD) reported on Friday in its January 2024 Point-In-Time…
Continue reading →HousingWireHousingWire Reverse mortgage business — and mortgage business generally — is not where people want it to be. That was a repeated idea shared by a group of reverse mortgage professionals when asked to assess what they see as the biggest industry challenges of the year. With Home Equity Conversion…
Continue reading →HousingWireHousingWire A new report from Redfin revealed that active listings climbed 12% year over year (954,703 listings) during the four weeks ending December 22, though that was the smallest increase since March. Pending home sales sat at 58,267 for the four weeks, marking a year-over-year change of -3.4% — the…
Continue reading →HousingWireHousingWire David Neylan, president and chief operating officer at retail lender Guild Mortgage, expects the landscape to remain challenging for mortgage companies in 2025. But Neylan plans to capitalize on these challenges. “I know there’s some forecasts for rates to drop, but it’s not as much as everybody had been…
Continue reading →HousingWireHousingWire Expanded rules for appraisal waivers take effect on purchase transactions starting the first quarter of 2025. Announcements were made on October 28, 2024 by Fannie Mae and Freddie Mac, as well as the Federal Housing Finance Agency (FHFA) who stated the policy action “builds upon the long-running success of…
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