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October 2025

Housing market sees downward creep in home equity levels

Distressed, Housing markets, Servicing /

U.S. homeowners saw their available equity pull back in the third quarter, contributing to an upward creep in the percentage of underwater mortgages, according to a new report.  Approximately 2.8% of mortgaged properties in the country were considered seriously underwater during the quarter, maintaining a year-long trend, according to real estate data provider Attom. The […]

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Fannie Mae names Akwaboah acting CEO, replacing Almodovar

Fannie Mae names Akwaboah acting CEO, replacing Almodovar

Career moves, Politics and policy, Secondary markets, The Great American Mortgage Corporation /

Fannie Mae Chief Operating Officer Peter Akwaboah has added the acting CEO title following the departure of Priscilla Almodovar, the company announced late Wednesday afternoon. Akwaboah, a former Morgan Stanley executive, came on board at Fannie in February 2024. In addition, John Roscoe and Brandon Hamara have been named as co-presidents of the government-sponsored enterprise. 

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How mortgage companies aim to aid borrowers amid shutdown

Capital markets, Originations, Servicing /

As thousands of borrowers potentially face job interruption resulting from the government shutdown that’s disrupted some loans, the housing finance industry is working to identify the right messaging and resources to keep payments and originations on track. With a Congressional Budget Office report pegging the number of jobs impacted at 750,000, mortgage businesses are offering

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Many Americans ho-hum about new Fed rate cut, survey finds

Economy, Housing markets, MARKETING TO BORROWERS, Mortgage Rates, Originations /

For all of the handwringing from government officials and economists regarding whether the Federal Reserve will reduce short-term rates again this year, many Americans just don’t care, a Wallethub survey indicates. Most people are expecting the Federal Open Market Committee to cut further at its meeting on Oct. 28 and 29, plus making what would

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Gen Z homeowners report higher insurance company dissatisfaction

First-Time Homebuyers, Gen Z, Homebuying, Homeowners insurance, HWmember, Real Estate /

A new survey from Kin Insurance suggests that Gen Z homeowners are less satisfied with their home insurance providers than older generations, citing poor customer service and claims experiences rather than cost as their main frustrations. Findings highlight a growing disconnect between digital-native Gen Z homeowners — born between 1997 and 2012 — and the

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Americans worry about retirement income sustainability

HWmember, Retirement, Reverse, Social Security /

Nearly 90% of working-age Americans are concerned about how they’ll generate income in retirement — and more than half worry about outliving their savings. That’s according to the 2025 U.S. Retirement Survey by Schroders, a London-based multinational asset manager. The report, released Tuesday, found that 87% of Americans who’ve yet to retire expressed at least

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Lower inks marketing deal with HomeSmart

Brokerage, HomeSmart International, HWmember, Lenders, LendingLife, Marketing, Mortgage, Origination, Partnerships /

Multichannel mortgage lender Lower has entered into a marketing agreement with real estate brokerage HomeSmart, giving the firm’s nationwide agent network access to Lower’s mortgage solutions. The announcement comes amid a growing wave of partnerships between lenders and brokerages, including Rocket Companies’ $1.75 billion all-stock acquisition of Redfin that closed in July. Earlier this year, Lower

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ARM, refinance activity buck the trend of declining mortgage demand

HWmember, Joel Kan, Mortgage, Mortgage applications, Mortgage Bankers Association, Mortgage Rates, Origination, Purchase Applications, Refinancing /

Mortgage applications decreased 0.3% from one week earlier, according to data from the Mortgage Bankers Association (MBA)’s weekly mortgage applications survey for the week ending Oct. 17. On an unadjusted basis, the index decreased 0.2% compared with the previous week. The refinance index increased 4% from the previous week and was 81% higher than the same

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Are you ready for it? Realtor.com hit with Taylor Swift copyright claim

HWmember, Legal, MLS/Associations, Move, National Association of Realtors, News Corp., Real Estate, Realtor.com /

What do Realtor.com, CoStar, Zillow, and Taylor Swift have in common? One might think it would be something to do with multimillion dollar properties, but in fact it is copyright lawsuits.  On Monday, photographer Brynn Burns, who was responsible for a portfolio of photos of the estate where Travis Kelce proposed to Taylor Swift, filed

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