Lawmakers, housing groups react to Scott Turner’s HUD confirmation hearing
Lawmakers and housing trade groups reacted to Scott Turner’s confirmation hearing to lead HUD, with many saying they’re poised to work with him on housing issues.
HWmember
Auto Added by WPeMatico
Reverse mortgage servicing safeguard might help LA borrowers
A 2023 safeguard introduced in reverse mortgage servicing software could help borrowers in Los Angeles avoid foreclosure.
Mortgage applications for new homes are 9% higher than a year ago
MBA builder application survey data for December highlighted 9% year-over-year growth in loan applications for new homes.
Chicago-area contractor sentenced to 17 years in prison over reverse mortgage scam
The U.S. Department of Justice (DOJ) announced this week that Mark Steven Diamond, who was accused of “bilking elderly homeowners in a reverse mortgage and home repair scheme,” was sentenced to 17 years in federal prison by the U.S. District Court for the Northern District of Illinois.
Compass attracts top Connecticut team
Compass is strengthening its presence in the Nutmeg State. On Friday, the largest brokerage in the country by sales volume announced that The Jennifer Leahy Team will be leaving Douglas Elliman to join the Robert Reffkin-helmed firm.
Rising mortgage rates zap builder confidence
The recent rise in mortgage rates, approaching 7.25%, has negatively affected builder sentiment. They need rates in the 6-6.5% range to grow.
Longbridge files to remove ads from website in case against Mutual
Longbridge has filed a motion in court seeking to take down material it contends is deceptive and misleading from several websites.
Mutual of Omaha denies Longbridge allegations, files counterclaim
Mutual of Omaha has denied Longbridge’s allegations, and wants a jury trial to determine monetary losses from Longbridge’s own alleged actions.
The Supreme Court is out, so what’s next for NAR?
Legal experts weigh in on where NAR goes now that it has run out of courts to hear its appeal against the Department of Justice.
Housing demand positive, but at risk from higher mortgage rates
Our weekly pending contract data is still positive, but only by 1%, as demand growth has slowed amid higher mortgage rates.