HousingWireHousingWire 2024 is in the rearview mirror, and with many reverse mortgage professionals naming interest rates as the key challenge that defined the year, performance metrics appear to be bearing that out. The reverse mortgage industry’s total annual Home Equity Conversion Mortgage (HECM) volume saw a dip, but there was…
Continue reading →HousingWireHousingWire Miami became one of the hottest destinations in the country after the COVID-19 pandemic began, and homeowners have reaped the benefit in the form of ballooning home equity. But homeowners in the area are also facing a serious unintended consequence of that — skyrocketing property taxes. According to a…
Continue reading →HousingWireHousingWire The broker of Texas-based Strategic Realty has filed an amended complaint in her antitrust suit tied to the National Association of Realtors’ (NAR) three-way membership agreement structure. Luz de Amor Eytalis’ amended complaint contains nearly identical allegations to the original complaint, but Eytalis has altered the list of defendants named…
Continue reading →HousingWireHousingWire Forty-five percent of retirement-age survey respondents are concerned that they will outlive their savings while 25% spend nearly one-third of their monthly income on housing costs. This is according to new data released by Clever Real Estate. The survey results show stark declines in overall financial sentiment based on…
Continue reading →HousingWireHousingWire Higher-for-longer mortgage rates have claimed their first victim of 2025. Ally Financial announced Wednesday that it would exit the mortgage origination business as part of a broader strategy to pursue higher returns on investments. The company also plans to explore strategic alternatives for its credit card business in the…
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