Real estate
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The Ministry of Finance announces support for the development of 26,000 affordable homes
The US Department of the TreasuryThe Community Development Financial Institutions (CDFI) Fund announced Wednesday that it has awarded 48 organizations…
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Mortgage demand drops another 6.7%
Stubbornly high interest rates have hampered demand for mortgages, but they are in any case better than a year ago.…
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Inverted teachers adopt more HECM misconceptions
Reverse Mortgage Educators Dan Hultquist and Jim McMinn brought their “Rules of the Game” presentation back to the National Association…
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How Pennymac navigates the double-edged sword of lower rates
The financial data for the third quarter for Pennymac financial services illustrate the double-edged sword of falling interest rates for…
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FHA responds to Helene, Milton by granting temporary waivers for the rehabilitation loan program
The Federal Housing Administration (FHA) this week announced two temporary policy waivers as the response to Hurricanes Helene and Milton…
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Uplist launches an automated refi analysis tool
Mortgage technology company Uplist has launched what it says is a great new tool that allows loan officers to automatically…
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Down payment assistance programs continue to grow, with an average benefit of $17,000
As the year comes to a close, states are adding more down payment assistance (DPA) programs to help first-time buyers…
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DOJ sues Rocket, appraisal companies for alleged discrimination
Another supervisor has filed a lawsuit Rocket mortgage for allegedly discriminating against a black homeowner by undervaluing her home during…
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Which metro areas are seeing a surge in home sellers?
Despite the hurricanes in Florida and in light of recently rising mortgage rates, the unsold inventory of homes on the…
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A flexible end-to-end origination solution
The mortgage industry is faced with constant changes. Regulations change, customer needs evolve and economic conditions fluctuate. Lenders need a…
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