Americans are moving less in 2025, with overall migration still well below pre-pandemic levels, according to a new report from Bank of America Institute. The number of people who are moving remains significantly lower than before the pandemic – down almost 20% in the first quarter of 2025 compared to the first quarter of 2020, […]
Migration slows under pressure of rate lock-in, cooling job market Read More »
Kimber White, the incoming president for the National Association of Mortgage Brokers (NAMB), is taking the reins of the organization on Oct. 1, marking the second time that he’ll be leading the organization. White originally held the role, which is a one-year term, back in 2020. Five years later, White sat down with HousingWire to
Kimber White’s vision for NAMB: Affordable housing and enhanced mortgage education Read More »
U.S. Reps. Sam Liccardo, D-Calif., and Mike Flood, R-Neb., introduced legislation Tuesday aimed at making it easier for cities to use federal money to build affordable housing. The Unleashing Needed Local Options to Construct and Keep Housing (UNLOCK) Act would loosen restrictions on how municipalities spend Community Development Block Grant (CDBG) funds. Efforts stem from
New bill aims to ‘unlock’ affordable housing funding Read More »
The top brokerage in the country by transaction side count is welcoming yet another top-producing team of agents. Led by Amy Tapp, the team at Amy Tapp Realty, a Lubbock, Texas-based independent brokerage is making the move to eXp Realty, according to an announcement on Thursday. Tapp’s team consists of 40 agents and five staff
eXp Realty welcomes top-performing Lubbock agent, team Read More »
DossDocs on Thursday announced the launch of Seller Financing Docs, a product aimed at homeowners locked into low mortgage rates who have delayed a home sale rather than trading in their low rate for a higher one on their next home. The product allows sellers to transfer their low-rate mortgage, often in the range of
DossDocs launches wraparound mortgage product Read More »
Mortgage rates reached another new low for 2025 on Thursday morning after a weak ADP jobs report caused bond yields to dip slightly ahead of the significant jobs report that will be released on Friday. Current 30-year fixed mortgage rates are at 6.45% according to Mortgage News Daily, marking an 11-month low. Mortgage rates reached
Mortgage rates drop to 11-month low after weak ADP jobs print Read More »
The U.S. Department of Housing and Urban Development (HUD) has issued regulatory guidance in the past year that has had a “significant impact on counseling” for prospective Home Equity Conversion Mortgage (HECM) borrowers. That’s according to Melinda Opperman, the chief external affairs officer for Credit.org, a national nonprofit financial counseling agency. In a recent interview
Will HUD’s new guidelines transform reverse mortgage counseling? Read More »
The jobs report is the most important scheduled event each month as far as interest rates are concerned. The last installment helped get the average 30yr fixed rate down from 6.75 to 6.50 because it came out much weaker than expected (in addition to revising the previous two months lower as well). The shift in
Mortgage Rates Hit Another 2025 Low Ahead of a Potentially Volatile Friday Read More »
Rithm Capital announced a new acquisition that adds an insurance business and further boosts its efforts to grow beyond its real estate roots toward asset management. The New York-based company and parent to mortgage lender Newrez will purchase alternative investment firm Crestline Management, a firm currently responsible for $17 billion in assets. Based in Fort
Rithm Capital moves into insurance with new acquisition Read More »
Enjoy complimentary access to top ideas and insights — selected by our editors. A number of observers have speculated about how the prospective release of Fannie Mae and Freddie Mac from government conservatorship will impact the residential mortgage market and mortgage loan costs. The good news is that the two GSEs will benefit dramatically from
How Fannie Mae, Freddie Mac release could change mortgage costs Read More »