President Donald Trump has made deregulation a policy pillar for his second term — and housing regulations are up for review. Homebuilders say that federal rules have driven up the cost of building a home. Many mortgage professionals want to release Fannie Mae and Freddie Mac from conservatorship. And there were no shortage of complaints […]
Where land-use regulations are driving up housing costs Read More »
Arizona real estate leader Scott Kumler and his team — The Kumler Group — have joined eXp Realty, leaving My Home Group after a high-performing 2024. The 53-member Phoenix Valley team closed more than $80 million in sales across 192 transactions last year, ranking among the top five teams at their former brokerage. “My goal
Top Arizona real estate team with 53 agents joins eXp Read More »
Guaranteed Rate Affinity (GRA) announced this week that it has appointed longtime reverse mortgage industry professional Dino Guadagnino to serve as regional vice president of reverse mortgages. His arrival comes as GRA focuses on “strengthening its commitment” to the space and to “the senior borrowers it serves,” the company stated. Guadagnino most recently served as
Reverse mortgage veteran Dino Guadagnino joins Guaranteed Rate Affinity as regional VP Read More »
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.
Fraud, mismanagement led to millions in losses for Houston Housing Authority Read More »
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
Colorado’s surging median age is attributed to aging in place Read More »
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
Extreme weather and high insurance costs pose foreclosure risk Read More »
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
Rural America isn’t immune to housing squeeze Read More »
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
Northern Nevada brokerage joins Century 21 network Read More »
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
Mortgage lenders lag on compliance as tech evolves rapidly Read More »
Two days ago, mortgage rates began the day at 7.04% before mid-day improvements brought the average back down to 6.99%. Today started out in a similar vein with the average lender at 7.05%, but the mid-day movement only made things worse. In terms of catalyst events, the bond market (and stock market, for that matter)
Mortgage Rates Move Up to 3 Month Highs Read More »