A government-sponsored enterprise oversight agency floated a new strategic plan on Wednesday that includes an emphasis on the supply side of the housing market in one portion of three overarching goals. US Federal Housing will be collecting comments through Nov. 5 on the new plan for its operations, two GSEs it oversees that are in […]
FHFA seeks comment on new strategic plan for GSEs Read More »
Adobe Stock The Trump Administration’s threat to layoff federal workers if the government shutdown continued came to fruition Friday, including some housing cuts. Employees from seven departments were laid off, 442 from HUD, according to a court filing Atlanta News First obtained. In total, 4,200 employees received notices, a little over 10% of which came
HUD to lay off 400 employees amid government shutdown Read More »
Key Insight: Bank of America’s revised-up guidance for net interest income comes partly thanks to an improving macroeconomic environment. Supporting Data: BofA’s NII guidance for the fourth quarter is now $15.6 billion to $15.7 billion, up from $15.5 billion to $15.7 billion. Expert Quote: “As we’ve seen more certainty now around trade and tariffs …
Bank of America dials up outlook slightly after solid Q3 Read More »
Loandepot is raising serious accusations against West Capital Lending, accusing the brokerage of raiding its workforce, stealing its leads and skirting labor laws in California. The Irvine, California-based giant sued its city neighbor last week in state court, seeking unspecified damages for bad behavior allegedly involving hundreds of loan officers. The complaint stems from Loandepot’s
Loandepot accuses West Capital Lending of rampant fraud Read More »
Figure Technology Solutions has introduced a new platform for debt-service coverage ratio originations aimed to support growth of nonqualified mortgages as well as the company’s own blockchain-based marketplace. The fintech’s lending platform aims to provide quicker access to capital for real estate investors, utilizing artificial intelligence and blockchain technologies to streamline underwriting and funding for
Figure unveils new DSCR lending platform Read More »
Bloomberg News Key insight: Fed Governor Stephan Miran, one of the chief architects of President Donald Trump’s trade policies, said China’s move last week to limit rare earth exports, changed his “sanguine” outlook on economic growth. Expert quote: “It’s about where the balance of risks has moved and risks exist now that didn’t exist a
Miran: China trade war further bolsters rate cuts Read More »
After a couple of years where the housing market felt stuck in neutral, 2026 may be the year things shift back into gear. Expert forecasts show more people are expected to move – and that could open the door for you to do the same. More Homes Will Sell With all of the affordability challenges
2026 Housing Market Outlook Read More »
Reverse mortgage industry executives see a growing role for proprietary products despite persistent challenges in the secondary market. But they also agree on one thing — the Home Equity Conversion Mortgage (HECM) and its related mortgage-backed securities (HMBS) programs remain critical pillars of the business. Their comments came during the National Reverse Mortgage Lenders Association
Reverse execs eye more private products, urge HUD to modernize HECM program Read More »
Hundreds of employees at the U.S. Department of Housing and Urban Development (HUD) received layoff notices late last week, as the Trump administration followed through on threats to cut staff during the federal government shutdown. Around 4,200 employees across several agencies were laid off in total on Friday, according to a court filing filed with
HUD layoffs hit 442 employees amid government shutdown Read More »
Rechat announced a new integration with Loft47 — a commission management and back-office automation system — with an aim of simplifying brokerage operations from deal creation to agent payouts. “Our integration with Loft47 reinforces our commitment to giving brokerages the flexibility to choose the tools that best fit their workflows,” said Shayan Hamidi, CEO of
Rechat, Loft47 partner to streamline brokerage operations Read More »