I have often debated whether the mortgage rate lockdown is real or just another housing myth. At first glance, the lockdown theory seems like common sense, so when mortgage rates jumped from 3% to 7% in 2022, it was logical to wonder why anyone would choose to sell their home. People with low rates seemed […]
New homeowner data challenges mortgage rate lockdown theory Read More »
The National Reverse Mortgage Lenders Association (NRMLA) has voiced formal support for New Jersey Senate Bill 4970 — urging lawmakers to advance legislation that would clarify how reverse mortgages are treated under the state’s secondary mortgage law. In a letter sent to State Sen. Joseph Lagana, the association said the bill would exempt reverse mortgage
NRMLA backs New Jersey bill clarifying reverse mortgage rules Read More »
The Department of Housing and Urban Development (HUD) issued new guidance that clarifies how appraisers are added to, maintained on and removed from the FHA Appraiser Roster. Mortgagee Letter 2025-24 — effective immediately — updates FHA policy to make appraiser eligibility easier to track and more consistent with federal and state licensing records. Changes apply
HUD tightens rules for FHA appraiser roster Read More »