3 metrics in Friday’s jobs report that will affect mortgage rates
HousingWire Lead Analyst Logan Mohtashami outlined three things to look for in Friday’s job report to know where mortgage rates are headed.
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Anthony Hsieh returns to loanDepot as Frank Martell departs
In an announcement made Thursday, loanDepot said Hsieh, the company’s executive chairman, has returned as executive chairman of mortgage operations. Martell will step down from his current posts as of June 4 and transition to a board advisory role.
Report suggests key HECM field office at HUD could be shut down
Among dozens of reported potential field office closures, one in Oklahoma has the potential to significantly impact the FHA-insured HECM program.
This aging-in-place program flies under the radar, but it could lower senior care costs
There’s a national aging-in-place program to help people remain in their homes, but broadening access means navigating federal reimbursements.
Loan officers are seeing an uptick in FHA, VA demand
Loan officers are seeing increase demand for government mortgages, and if rates go lower, there could be a wave of refinances to follow.
Investor home purchases are sinking, and it’s most evident in Florida
Real estate investors bought fewer homes in the fourth quarter of 2024, with purchases falling to the lowest level for any fourth quarter since 2016, according to a new report from Redfin.
Trump grants one-month pause on automobile tariffs, but building material duties remain
The Trump administration announced Wednesday that it’s granting a one-month tariff exemption for automobiles from those two countries. The move came in consultation with “the big three autodealers.” It’s unclear if the pause comes with concessions from Canada and Mexico.
Keller Williams might spark a trend of brokerages to tap private equity
It’s fair to ask if Stone Point Capital’s investment in Keller Williams is the first of other private equity infusions in real estate brokerages.
Is Alabama’s buyer representation bill a legal protection or liability?
Alabama Realtors are backing a law to change the timing of buyer agreements after the DOJ’s statement of interest in the Sitzer/Burnett suit.
New executive leaders at FOA to focus on ‘modernizing’ tech, customer experience
FOA has added new chief customer and technology officer roles to its rankings as it seeks to modernize its technology.