Tim Nelson, reverse department manager at VIP Mortgage, is a 35-year veteran of the mortgage business, and he has been solely focused on reverse mortgages for the past 15 years. Nelson recently... Read more »
Despite initial concerns that tariffs would push mortgage rates up to 8% and reduce housing demand, this week has brought some encouraging news. The 10-year yield has remained stable at a crucial... Read more »
The Federal Housing Administration (FHA) announced this week that the Home Equity Conversion Mortgage (HECM) limit for 2025 will be $1,209,750. But reverse mortgage industry analysts who regularly cover developments in the... Read more »
Mortgage applications rose 6.3% on a seasonally adjusted basis during the week ending Nov. 22, driven by a 12% increase in demand for purchase loans, according to data released Wednesday by the... Read more »
“The ability for smaller participants to compete in the market becomes limited because they just don’t have that same cost structure,” Adler said. “But what we’re seeing is another world where those... Read more »
Additionally, MBA’s updated forecast projects slightly lower home sales in 2025, with existing homes selling at a seasonally adjusted annual rate of 4.25 million, as opposed to the October forecast, which projected... Read more »
While the term sheet could still be released sometime this month prior to his exit, Valverde’s resignation goes into effect Nov. 30, leaving nearly two months before the presidential transition takes place... Read more »
It has been almost two months since mortgage rates spiked again, and my initial thought was this would tank housing demand. We had a positive 18-week period with purchase applications before mortgage... Read more »
In this week’s episode of the Power House podcast, HousingWire President Diego Sanchez sits down with Chad Smith, president and chief operating officer at Better. The duo discuss Smith’s decision to join... Read more »
Mortgage servicing executives foresee significant changes for the industry under a Donald Trump administration, particularly when it comes to interest rates, reform of the government-sponsored enterprises (GSEs) and conforming loan limits. But... Read more »