Americans are moving less in 2025, with overall migration still well below pre-pandemic levels, according to a new report from Bank of America Institute. The number of people who are moving remains significantly lower than before the pandemic – down almost 20% in the first quarter of 2025 compared to the first quarter of 2020, […]
Migration slows under pressure of rate lock-in, cooling job market Read More »
Kimber White, the incoming president for the National Association of Mortgage Brokers (NAMB), is taking the reins of the organization on Oct. 1, marking the second time that he’ll be leading the organization. White originally held the role, which is a one-year term, back in 2020. Five years later, White sat down with HousingWire to
Kimber White’s vision for NAMB: Affordable housing and enhanced mortgage education Read More »
U.S. Reps. Sam Liccardo, D-Calif., and Mike Flood, R-Neb., introduced legislation Tuesday aimed at making it easier for cities to use federal money to build affordable housing. The Unleashing Needed Local Options to Construct and Keep Housing (UNLOCK) Act would loosen restrictions on how municipalities spend Community Development Block Grant (CDBG) funds. Efforts stem from
New bill aims to ‘unlock’ affordable housing funding Read More »
The top brokerage in the country by transaction side count is welcoming yet another top-producing team of agents. Led by Amy Tapp, the team at Amy Tapp Realty, a Lubbock, Texas-based independent brokerage is making the move to eXp Realty, according to an announcement on Thursday. Tapp’s team consists of 40 agents and five staff
eXp Realty welcomes top-performing Lubbock agent, team Read More »
DossDocs on Thursday announced the launch of Seller Financing Docs, a product aimed at homeowners locked into low mortgage rates who have delayed a home sale rather than trading in their low rate for a higher one on their next home. The product allows sellers to transfer their low-rate mortgage, often in the range of
DossDocs launches wraparound mortgage product Read More »
Mortgage rates reached another new low for 2025 on Thursday morning after a weak ADP jobs report caused bond yields to dip slightly ahead of the significant jobs report that will be released on Friday. Current 30-year fixed mortgage rates are at 6.45% according to Mortgage News Daily, marking an 11-month low. Mortgage rates reached
Mortgage rates drop to 11-month low after weak ADP jobs print Read More »
The U.S. Department of Housing and Urban Development (HUD) has issued regulatory guidance in the past year that has had a “significant impact on counseling” for prospective Home Equity Conversion Mortgage (HECM) borrowers. That’s according to Melinda Opperman, the chief external affairs officer for Credit.org, a national nonprofit financial counseling agency. In a recent interview
Will HUD’s new guidelines transform reverse mortgage counseling? Read More »
Insellerate, a software and technology company that offers a customer relationship management (CRM) platform for the residential mortgage, debt settlement, insurance and tax industries, announced on Thursday that Christopher Meerschaert has been appointed as its new director of customer service. With more than two decades of experience — including leadership roles at Citi, Growth Works
Insellerate hires Meerschaert as director of customer success Read More »
Mortgage lender Click n’ Close has rolled out a new financing product that pairs an adjustable-rate mortgage with down payment assistance in an effort to make new homes more accessible to buyers. The program — called the SmartBuy 5/1 ARM Down Payment Assistance product — offers a first mortgage alongside a repayable second mortgage. The
Click n’ Close pairs 5/1 ARM with down payment assistance for new homes Read More »
Rocket Companies has extended the deadline for investors to exchange debt issued by a Mr. Cooper Group subsidiary for the lender’s own paper — a step tied to its $9.4 billion acquisition of the competitor. The deadline moved from Sept. 2 to Sept. 30, still leaving enough time for the deal to close in the
Rocket pushes back debt exchange deadline amid Mr. Cooper deal Read More »