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May 2025

Fraud, mismanagement led to millions in losses for Houston Housing Authority

Housing Market, Houston, HWmember, Public Housing, Regulatory, Rental Properties, Texas /

As issues continue to persist across the country for local housing authorities, the situation in Houston has led to an investigation by prominent local media outlets and a commissioned report by outside legal counsel. The probe found that mismanagement of contractors and the submission of fraudulent paperwork likely led to millions of dollars in losses. […]

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Colorado’s surging median age is attributed to aging in place

Aging in Place, Colorado, HECM, HWmember, Reverse /

In an ongoing series of stories focused on the dynamics of Colorado’s aging population, the Colorado Sun previously detailed some of the ways that the state is confronting the “silver tsunami” of people growing older while needing sufficient services to accommodate their needs. While the state may not have the largest population of people in

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Extreme weather and high insurance costs pose foreclosure risk

Climate Change, Flood insurance, Foreclosure, Homeowners insurance, Housing Market, Hurricane, HWmember, Mortgage, Origination /

The rising cost of homeowners’ insurance coupled with the rising regularity of weather-related natural disasters is serving to erode the longstanding barrier between mortgage lenders and loan losses, according to a new report published by First Street. As the frequency of disasters has risen — destabilizing the insurance market, limiting coverage and raising consumers’ costs

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Rural America isn’t immune to housing squeeze

Affordability, Down Payment Assistance, Home Prices, Homeownership, Housing Inventory, Housing Market, HWmember /

Rural areas of the U.S. that have long been viewed as a refuge for affordable homeownership are now grappling with rising prices, limited inventory and increasing competition — pressures once thought unique to urban housing markets. “Even the term ‘affordable’ feels like a relic of the past,” said Jake Vehige, president of mortgage lending at

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Northern Nevada brokerage joins Century 21 network

Brokerage, Century 21, HWmember, Nevada, Real Estate, Real Estate Agents /

A northern Nevada real estate brokerage led by a longtime local broker has joined the Century 21 network — aiming to grow its presence across the region. Michelle Barney, broker and owner of Nevada Prime Real Estate LLC, announced her Fernley, Nev.-based firm has affiliated with Century 21 and will now operate as Century 21

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Mortgage lenders lag on compliance as tech evolves rapidly

Artificial Intelligence, Compliance, Cybersecurity, HWmember, Mortgage, Technology /

Amid a surge in AI adoption and mounting cybersecurity threats, only 51% of nonbank mortgage lenders say they feel fully prepared to handle compliance risk — a warning sign in an industry that’s undergoing rapid digital transformation. That’s according to a new joint study from HFS Research and Cognizant. “Reinventing Non-Bank Mortgage Lending Journey in the Age of

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Mortgage rates rise to three-month high, slowing home demand

Mortgage applications, Originations /

US mortgage rates climbed last week to a three-month high, prompting a slide in applications for home purchases and refinancing. The contract rate on a 30-year mortgage rose 6 basis points to 6.92% in the week ended May 16, according to Mortgage Bankers Association data released Wednesday. The rate on five-year adjustable mortgages also increased

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Credit score stocks slide as FHFA head questions pricing

Credit scores, FHFA, FICO /

Fair Isaac Corp.’s shares saw their worst day since March 2020 on Wednesday, falling alongside credit bureau stocks after the head of the Federal Housing Finance Agency questioned credit report pricing.  The FICO score provider dropped 16%, notching the day’s worst performance among S&P 500 Index members and extending Tuesday’s 8.1% slide. Shares of credit

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Lenders bet on e-notes as adoption ramps up

Capital markets, Secondary markets, Technology /

Widespread industry adoption of electronic promissory notes presents challenges but has steadily gained momentum over time as various aggregators sign on, and one is paying up for certain downpayment assistance loans using them. Western Alliance’s Amerihome, the largest bank-owned correspondent investor in the mortgage business, recently got on board with e-notes. Also Click n’ Close,

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