Millennial homebuyers (born between 1981 and 1996) are reshaping the real estate landscape with their strong preference for digital tools and technology-driven experiences. As the largest cohort of homebuyers in the U.S., their tech-first approach influences how properties are marketed, searched and purchased. Here’s the hard truth. If these buyers are looking online for lenders […]
Building an empire starts with your POS Read More »
Releasing the GSEs from conservatorship became a hot topic again this week after President Trump posted that he was giving it “serious consideration” on Wednesday, followed by a Bloomberg interview with Treasury Secretary Scott Bessent on Friday. The timing of the president’s announcement took many by surprise, given rising bond yields, an uncertain trade war
Bessent weighs mortgage rate risk in potential release of GSEs Read More »
An existing reverse mortgage-backed securities issuer and wholesale lender is making a new play for the retail space, according to a new announcement. GoodLife Home Loans, dba of Bellevue, Wash.-based Traditional Mortgage Acceptance Corporation (TMAC), announced this week that it has launched a new retail reverse mortgage division to add to its existing efforts in
A Rockdale County, Ga., judge has approved a $40,000 settlement between the Channing Cove Homeowners Association (HOA) and Michelle Bernard — a longtime homeowner who sued the HOA over a disputed lien on her property. Bernard’s legal battle began after the HOA placed a lien on her home for a little under $3,000, citing unpaid
This Georgia homeowner went to war with her HOA—and won Read More »
Counseling is an essential part of the Home Equity Conversion Mortgage (HECM) origination process, and the U.S. Department of Housing and Urban Development (HUD) has recently refreshed some of its guidance documents for HECM counselors to offer essential information. HUD this month published a “toolkit” detailing how someone can become a HECM roster counselor. The
HUD publishes new reverse mortgage counseling guidance Read More »
A long-standing central Colorado real estate firm has joined the Century 21 network, bringing more than five decades of local knowledge. First Colorado Land Office, Inc. — established in 1973 and now led by fifth-generation Salida, Colo., native Jeffrey Post — is now doing business as Century 21 Community First. The move, Post said, is
Century 21 expands Colorado footprint Read More »
Howard Hanna Real Estate Services and its parent company Hanna Holdings have made their feelings about the National Association of Realtors’ (NAR) Clear Cooperation Policy (CCP) clear. In a letter sent to NAR and over 70 MLSs on Wednesday evening, company CEO Hoby Hanna called CCP “misguided” and a “bad policy,” claiming that its adoption
Howard Hanna disavows NAR’s Clear Cooperation Policy Read More »
I know this is a crazy stat, given how much the builders’ confidence is falling, but new home sales just had the highest monthly sales print in years. Can this be revised lower in the future? Yes, just like the previous months have been. But there’s a bigger story here that I’ll address because this
Why did we just see the highest new home sales print in years? Read More »
Hurricane season is set to commence on June 1, but the Federal Emergency Management Agency (FEMA) — which has been experiencing organizational challenges for the past several weeks — has reportedly rescinded its guiding plan for agency objectives and priorities, according to multiple FEMA employees and a memo obtained by news outlet Wired. On Wednesday,
FEMA rescinds strategic agency plan ahead of hurricane season Read More »
Now a little more than four months into the second Trump administration, the U.S. Department of Housing and Urban Development (HUD) has appointed a new chief information officer (CIO), Eric Sidle, with experience in the electric vehicle space and with a former position at tech giant Apple, Inc. on his resume. The appointment coincides with
HUD names new CIO as judge pauses mass firings at the agency Read More »