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Kentucky bill would freeze property taxes for senior homeowners

Affordability, Aging in Place, HWmember, Kentucky, Mortgage, Property Tax, Reverse /

A proposed constitutional amendment that would freeze property tax assessments for 65-and-older residents in Kentucky has cleared a state Senate committee — one of several efforts to limit rising tax bills for elderly homeowners. Senate Bill 51, sponsored by state Sen. Mike Nemes (R-Shepherdsville), would lock in the assessed value of a senior’s primary residence […]

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CEA analysis weighs CFPB’s economic impact

CFPB, Compliance, Consumer Protection, Dodd-Frank, Financial crisis, HWmember, Legal, Mortgage, Mortgage Rates, Politics, Regulatory, Regulatory Compliance /

A new report from the Council of Economic Advisers (CEA) estimates that the Consumer Financial Protection Bureau (CFPB) has imposed $237 billion to $369 billion in cumulative costs on U.S. consumers since its creation in 2011, largely through higher borrowing costs. For 2024 alone, the report estimates $24 billion to $38 billion in costs. The

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How upfront income accuracy transforms lending

Contributors, HWmember, Income verification, Mortgage, Opinion, Origination /

Mortgage lending has a Day 28 problem. Borrowers engage with lenders on Day Zero. Expectations get set. Loan options get discussed. Confidence gets built. Then income finally receives scrutiny on Day 28—deep in underwriting, after time, money, and operational effort have already been spent. The result? Income surprises kill deals. Borrowers wait, frustrated. Lenders scramble

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Fairway Home Mortgage announces educational partnership for home equity adviser credential

Continuing Education, Fairway Home Mortgage, Financial Adviser, Home Equity, HWmember, Retirement, Reverse, Reverse Mortgage Daily /

Fairway Home Mortgage on Tuesday announced a partnership with the National Association of Insurance and Financial Advisors (NAIFA) to unveil a new educational credential for NAIFA members. The Certified Home Equity Advisor (CHEA) credential aims to help financial and insurance professionals “responsibly integrate home equity into comprehensive retirement planning,” Fairway explained in a press release.

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Exclusive: Mike Fawaz announces departure from Rocket Pro

HWmember, LendingLife, Mortgage, Mortgage Broker, People Movers, Rocket Companies, Rocket Mortgage, Team Leaders, Wholesale Lending /

Mike Fawaz said Monday that he’s departing Rocket Pro after roughly 15 years with the company and plans to announce his next steps in March. “After nearly 15 years, I have made the thoughtful decision to step away from Rocket,” Fawaz said in a statement given to HousingWire. “After significant reflection, I believe this is

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Home equity props up retirees as savings fall short

Baby Boomer, Gen X, Home Equity, HWmember, Retirement, Reverse, Reverse Mortgage Daily, Social Security /

More than one-third of working-age Americans lack access to an employer-sponsored retirement plan, and those who do have median balances of just $40,000, according to a new study from the National Institute on Retirement Security (NIRS). The analysis of U.S. Census Bureau data from December 2022 paints a stark picture of retirement preparedness for the

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Basel capital rules may be revised to boost bank mortgage lending

American Bankers Association, basel III, Federal Reserve, HWmember, Mortgage, Mortgage Bankers Association, MSRs, Regulatory /

Michelle Bowman, the Federal Reserve‘s vice chair for supervision, used a major industry forum to argue that Basel capital rules have helped to drive mortgage lending and servicing away from banks — and that it’s time to reconsider that approach. Addressing the American Bankers Association (ABA)’s 2026 Conference for Community Bankers on Monday, Bowman described

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PropLogix launches FinCEN reporting service for title agents

Compliance, Department of the Treasury, FinCEN, HWmember, Money laundering, Real Estate, Regulatory Compliance, Settlement Agents, Technology, Title, Title insurance /

PropLogix has launched a reporting service through the Financial Crimes Enforcement Network (FinCEN), offering help for title agents to comply with new federal rules. The Department of the Treasury’s Residential Real Estate Reporting Rule mandates reporting on certain residential property purchases made on or after March 1, 2026, when entities or trusts buy them without

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Housing demand snaps back as mortgage rates near 6%

Housing Inventory, Housing Market, Housing Market Tracker, HWmember, Mortgage Rates, New listings, Purchase Applications /

With mortgage rates near 6% and the snow effect fading away, we got a rebound in the weekly housing demand last week. For me, this is more about the snow impact fading from the data line, as we also saw a pickup in new listings. Housing inventory picked up a smidge, and the year-over-year price

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Radian announces exit of CFO Sumita Pandit, elevates finance leaders

Finance, HWmember, Mortgage, Mortgage insurance, Radian, Servicing, Team Leaders /

U.S. mortgage insurer Radian Group Inc. said that president and chief financial officer Sumita Pandit is departing the company effective Thursday, according to filings with the Securities and Exchange Commission (SEC). Radian did not provide details on Pandit’s departure beyond mentioning that “in connection with the involuntary termination of Ms. Pandit’s employment, she will be

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