Since the start of the second Trump administration, the U.S. DOGE Service — aka the “Department of Government Efficiency” — has been a lightning rod of controversy due to the ways it has sought to curtail government costs. It’s done so by slashing federal jobs, ending congressionally-approved programs and maintaining what some have viewed as […]
DOGE overestimated savings from real estate lease cuts Read More »
Originators are entering the spring homebuying season with a set of new challenges: President Trump’s tariffs have disrupted markets, leaving an uncertain path forward in terms of housing construction and threatening homebuyers’ purchasing power. Meanwhile, the Fed has signaled a rate cut will likely be further delayed amid continued inflation concerns. In a market full
Stay the course: Why stability is a winning strategy for originators right now Read More »
Fathom Holdings Inc. is under pressure to turn its business around, and CEO Marco Fregenal thinks its new agent compensation model can do that. On the company’s first-quarter earnings call on Tuesday, Fregenal touted Elevate, which provides agents with a 20% commission split and support systems to streamline their work. Launched at the beginning of
Fathom stays optimistic about agent compensation plan even as losses mount Read More »
According to the most recent credit data from the New York Fed, foreclosure data for the housing market is still below 2019 levels. Although foreclosure rates rose in the last quarter, we are far from the stressful levels that we saw during the run-up to the housing bubble crash in 2008. Credit data in general
Why foreclosures are still below pre-pandemic levels Read More »
After lawsuit challenging the government’s authority to extinguish stakes in securitized Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgages (HECMs) was recently decided in favor of Ginnie Mae, the plaintiff in the case has made good on its promise to appeal the decision. Texas Capital Bank (TCB) — which initially filed the lawsuit against Ginnie
Texas Capital Bank appeals case against Ginnie Mae over reverse mortgage collateral Read More »
The Appraisal Institute (AI) executive who’s been accused of sexual misconduct by multiple women has decided to keep a lower profile. AI Vice President Craig Steinley will cease making public appearances after an expośe by the New York Times detailed accusations against him of inappropriate comments and groping by current and former AI employees. The
Appraisal Institute executive accused of harassment withdraws from public appearances Read More »
Mortgage solutions provider ServiceLink has introduced updates to its EXOS Close platform aimed at increasing scheduling flexibility for lenders and borrowers. The latest enhancements allow users to schedule closings in real-time with expanded options for online and in-branch appointments, and add automatic eligibility checks for remote notarization. Among the new features is a system that
ServiceLink expands closing technology Read More »
In one of the most robust housing assistance funding announcements of the second Trump administration so far, the U.S. Department of Housing and Urban Development (HUD) announced on Tuesday that it is making $1.1 billion in Indian Housing Block Grant (IHBG) funding available for eligible Native American Tribes and Tribal communities to “carry out affordable
HUD announces $1.1B in funding for affordable housing in Tribal lands Read More »
Despite the overwhelming preferences of older people to age in place in their own homes — a trend that holds true across North America — there remain inequities that limit the access and ability for some older people to fulfill this desire, according to the findings of a recent study. Researchers at McGill University in
Aging in place is not ‘equally accessible’ to all, study finds Read More »
The Mortgage Bankers Association (MBA) submitted a formal request to the White House Office of Management and Budget (OMB) on Monday, asking for the rescission of six rules and revisions to nine others that affect the mortgage industry. These include regulations tied to servicing, the Real Estate Settlement Procedures Act (RESPA) and loan officer compensation,
MBA urges overhaul of mortgage rules in letter to OMB Read More »
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