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HousingWireHousingWire David Heilman, principal for HomeGrown Financial in Mount Pleasant, South Carolina, didn’t feel like he had to shake up his approach to working with seniors when he became involved in the reverse mortgage industry. Having experience in the health care field prior to entering the mortgage business, it mainly…

HousingWireHousingWire Mortgage rates have been on a declining trend, but demand slowed down last week largely due to fewer refinance applications, an indication that the industry should not expect a mini refi boom yet. Mortgage applications dropped 10.1% for the week ending Aug. 16 compared to the previous week, according…

HousingWireHousingWire A U.S. District Court judge in Texas on Tuesday blocked a Federal Trade Commission (FTC) rule banning noncompete agreements, which are commonly used in the mortgage and real estate industries. Judge Ada E. Brown of the U.S. District Court for the Northern District of Texas granted plaintiff Ryan LLC,…

HousingWireHousingWire Mortgage rates have moved lower in recent months, but Fannie Mae economists said Wednesday that this won’t be enough to increase the number of homes sold in the foreseeable future. Fannie Mae’s Economic and Strategic Research (ESR) Group downgraded its forecasts for 2024 and 2025 home sales based on…

HousingWireHousingWire A coalition of interest groups oriented around climate issues has launched a social media campaign designed to pressure the Federal Housing Finance Agency (FHFA) into adopting up-to-date energy-efficiency standards for homes backed by the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. The Campaign for Lower Home Energy Costs…