HousingWireHousingWire A reauthorized version of the Older Americans Act (OAA), originally passed by Congress and signed into law by President Lyndon Johnson in 1965, has passed the Senate and is now making its way to the House of Representatives. This is according to announcements by Senate Health, Education, Labor and…
Continue reading →HousingWireHousingWire Mortgage application and origination activity dropped by roughly one-third from 2022 to 2023 as high interest rates depressed broader industry activity. That’s according to Home Mortgage Disclosure Act (HMDA) data published by the Consumer Financial Protection Bureau (CFPB) in a report released Friday. The decline was sharper for refinances…
Continue reading →HousingWireHousingWire Planet Financial Group, the parent company of Planet Home Lending, completed the issuance of $475 million in senior unsecured notes this week, the latest mortgage company to raise debt in an oversubscribed transaction. The company’s initial target for the offering was $400 million. The notes, which carry a 10.5%…
Continue reading →HousingWireHousingWire The Republican steering committee in the U.S. House of Representatives has selected Rep. French Hill to chair the powerful House Financial Services Committee, which oversees the entirety of the U.S. financial services industry including the housing, insurance, securities and banking sectors. The committee routinely examines issues and proposed legislation…
Continue reading →HousingWireHousingWire Some housing professionals believe the market could normalize in 2025 after years of changes. Veterans United Home Loans — the nation’s largest producer of U.S. Department of Veterans Affairs (VA) loans — thinks that mortgage rates and home-price growth could subside, but affordability issues may persist. These conclusions come…
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