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HUD moves to bar non-permanent residents from Section 184 tribal loan program

September 4, 2025 by bp56691
The U.S. Department of Housing and Urban Development (HUD) has revised residency requirements for the Section 184 Indian Housing Loan Guarantee program to exclude non-permanent resident aliens.
Categories HUD, HWmember, Mortgage, Regulatory, Regulatory Compliance, Scott Turner, Tribal housing

Migration slows under pressure of rate lock-in, cooling job market

September 4, 2025 by bp56691
Migration slows under pressure of rate lock-in, cooling job market
The number of people who are moving remains significantly lower than before the pandemic, according to Bank of America Institute.
Categories baby boomer, Bank of America, Gen Z, Homebuyers, Housing Market, HWmember, Millennials, Mortgage Rates, Real Estate

Kimber White’s vision for NAMB: Affordable housing and enhanced mortgage education

September 4, 2025 by bp56691
Kimber White is set to return as NAMB president on Oct. 1, where he’ll focus on advocating for housing affordability and mortgage education.
Categories Affordability, Continuing Education, HWmember, LendingLife, Mortgage, Mortgage Broker, NAMB, Politics

Click n’ Close pairs 5/1 ARM with down payment assistance for new homes

September 3, 2025 by bp56691
The program — called the SmartBuy 5/1 ARM Down Payment Assistance product — offers a first mortgage alongside a repayable second mortgage.
Categories Adjustable-Rate Mortgage, Affordability, Down Payment Assistance, homebuilder, HWmember, Mortgage

Rocket pushes back debt exchange deadline amid Mr. Cooper deal

September 3, 2025 by bp56691
Rocket Companies has extended the deadline for investors to exchange debt issued by a Mr. Cooper Group subsidiary for the lender’s own paper — a step tied to its $9.4 billion acquisition of the competitor.
Categories Debt, HWmember, Investors, LendingLife, Mergers and Acquisitions, Mortgage, Mr. Cooper Group, Origination, Rocket Companies

RealTrends Verified mega team Noble Black & Partners returns to Corcoran

September 3, 2025 by bp56691
Noble Black and his team are returning to Corcoran with a $500 million listing book after a decade with Douglas Elliman
Categories Agent, Corcoran Group Real Estate, Douglas Elliman, HWmember, New York City, People Movers, Real Estate

$12.7 trillion in US homes face severe climate risks

September 3, 2025 by bp56691
.7 trillion in US homes face severe climate risks
Data shows threats from flooding, hurricane winds and wildfires increasingly reshaping housing markets and insurance availability.
Categories Affordability, FEMA, Flood insurance, Homeowners insurance, Hurricane, HWmember, National Flood Insurance Program, Real Estate, Realtor.com, Wildfire

Reverse mortgage production metrics took a tumble in August

September 3, 2025 by bp56691
Despite a sharp decline in August endorsements, wholesale sponsors like Longbridge and Finance of America helped to sustain volumes.
Categories Finance of America, HECM, HMBS, HWmember, Longbridge Financial, Mortgage, Mutual of Omaha, New View Advisors, Reverse, Reverse Mortgage Daily

HomeAdvantage forms advisory board with credit union leaders

September 2, 2025 by bp56691
The group will work to exchange best practices, identify opportunities and provide input on referral programs.
Categories Credit Union, HWmember, Real Estate

Crittora launches secure real estate document delivery tool

September 2, 2025 by bp56691
The American Land Title Association estimates that one in three real estate transactions are targeted for wire fraud attempts.
Categories ALTA, Cybersecurity, HWmember, Real Estate, Technology, Title, Title insurance, Wire Fraud
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