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Agency (FEMA) — which has been experiencing organizational challenges for the past several weeks — has reportedly rescinded its guiding plan for agency objectives and priorities, according to multiple FEMA employees and a memo obtained by news outlet Wired.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 »
Anywhere Real Estate has made an offer to acquire luxury brokerage firm Douglas Elliman. The offer was first reported by Bloomberg. According to Bloomberg’s sources, the bid would value Douglas Elliman at more than $4 a share. The firm’s stock ended Thursday at $2.14 a share, giving the firm a market value of roughly $190
Anywhere makes offer to buy Douglas Elliman: Bloomberg Read More »
New-home sales continue to be a bright spot in a housing market that’s struggling with high mortgage rates and other economic headwinds. According to a report from the U.S. Census Bureau and the Department of Housing and Urban Development (HUD), new homes in April sold at seasonally adjusted annual rate of 743,000, which is a
Buyers shrug off economic uncertainty as new-home sales rise Read More »
The bond market is scheduled to close 3 hour earlier than normal today–a common practice surrounding federal holiday weekends. This means 3 fewer hours where trading volatility can have an impact on mortgage rate movement. Said more simply: the day is basically over when it comes to potential intraday rate changes. There is almost always
Mortgage Rates Lower Again Today, But Still Higher on The Week Read More »
A loan officer at a credit union, Stephanie Dombrowski, is this year’s Top Producer among women. Dombrowski, who works at Ent Credit Union in Colorado Springs, Colorado, originated $186.5 million last year, followed by Ashley McKenzie of Highlands Residential Mortgage and Nancy Moreland of Brookhollow Mortgage Services. Dombrowski noted that the rising cost of homeowners
The Top 50 Women Producers in 2025 Read More »
U.S. new-home sales rose unexpectedly in April to the highest level since February 2022 on a surge in the South and Midwest. Purchases of new single-family homes increased nearly 11% last month to a 743,000 annual rate, according to government data released Friday. The median estimate in a Bloomberg survey of economists was a 695,000
New-home sales top forecasts on surge in South and Midwest Read More »
As student debt levels keep rising, a new study spotlights the extent to which they are changing homeownership demographics and hampering financial opportunities for younger generations. Every $1,000 in student debt decreases the likelihood of homeownership by 1.8%, according to analysis conducted by commercial collection agency The Kaplan Group. Researchers looked through data between 2007
How student loan debt is changing the housing market Read More »
AGENTS: Did you know you can share a personalized version of this post? Learn more! Infographics, Economy Some Highlights In a recent poll from Gallup, real estate has once again been voted the best long-term investment. And it’s claimed that top spot for 12 straight years now. That’s because homeownership is one of the top
Real Estate Is Voted the Best Long-Term Investment 12 Years in a Row Read More »
DIY automation pitfalls/myths: It’s time to rethink your strategy In today’s mortgage industry, nearly every organization is battling inefficiencies caused by manual processes. Whether it’s a loan officer pulling data from one system to enter it into another, or underwriting teams relying on endless email threads and spreadsheets, the day-to-day operations behind most lending workflows
DIY automation isn’t always a win: What mortgage lenders need to know Read More »
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