We finally have six weeks of numbers that hit my housing inventory growth model perfectly in 2024. Last year, with higher mortgage rates, we had zero weeks at this level so I am now giving 2024 inventory growth a grade of A. Low inventory has plagued the housing market since…
Continue reading →Howard Hanna Real Estate Services is looking to “streamline the home-buying process.” On Thursday, the family-owned real estate firm announced that it was launching its “Buy & Borrow Bundle” program, which it said offers “comprehensive support and financial incentives that cater to the unique needs of everyone in search of…
Continue reading →Late last month, Ginnie Mae released a term sheet for one of the most anticipated new developments for the reverse mortgage industry — a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as “HMBS 2.0.” The new term sheet details several differences from the current HMBS program,…
Continue reading →Julia Gordon, the commissioner of the Federal Housing Administration (FHA) and a leading voice at the U.S. Department of Housing and Urban Development (HUD), will be returning for the third consecutive year to the National Reverse Mortgage Lenders Association‘s (NRMLA) Annual Meeting and Expo that will take place in San…
Continue reading →In a recent segment of CNBC’s “Worldwide Exchange,“ HousingWire lead analyst Logan Mohtashami and anchor Frank Holland dive into last week’s spike in mortgage applications as well as housing permit levels. According to recent data from the Mortgage Bankers Association, mortgage applications for new homes increased by 0.7% year over…
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