Real Estate News

HousingWire

• How to get a real estate license in Massachusetts December 14, 2024
  We walk you through the process, explaining the costs, time commitment, and steps required to get licensed in MA.
  Megan Johnson, Meghan Thibault
• New MBA securities proposal mentions HMBS 2.0 as ‘logistical template’ December 13, 2024
  A new MBA proposal for a Ginnie Mae securities product could be taking inspiration from recent actions in the reverse mortgage business.
  Chris Clow
• Lutz homebuyer commission lawsuit adds over 30 new plaintiffs December 13, 2024
  Many of the new plaintiffs in the Lutz suit include plaintiffs from other homebuyer suits including Scott Davis, Mya Batton and James Mullis.
  Brooklee Han
• Today’s sellers don’t have to worry about underwater mortgages December 13, 2024
  Underwater mortgages continue to trend downward. Only 1.8% of homes are underwater today, compared to 23% in 2010.
  Logan Mohtashami
• Sue Yannaccone says Anywhere is looking to raise the bar in 2025 December 13, 2024
  At Anywhere, communication was the key to success in 2024. The company plans to continue to leverage this strength to fuel growth in 2025.
  Brooklee Han
• CBO report shows GSEs have better conditions to repay Treasury by recapitalizing December 13, 2024
  The Congressional Budget Office (CBO) released a study on Friday suggesting that a recapitalization of the government-sponsored enterprises could benefit the U.S. Department of the Treasury in most scenarios.  
  Flávia Furlan Nunes
• Senate approves modernized version of the Older Americans Act December 13, 2024
  A reauthorized version of the Older Americans Act (OAA), originally passed by Congress and signed into law by President Lyndon Johnson in 1965, has passed the Senate and is now making its way to the House of Representatives.
  Chris Clow
• CFPB reports ‘significant’ drop in mortgage applications, originations in 2023 December 13, 2024
  The report mostly blames interest rates for the sharp decline in business last year. It also found that mortgage costs rose more quickly among borrowers of color.
  Chris Clow
• Planet Financial Group raises $475M in unsecured debt offering  December 13, 2024
  The parent company of Planet Home Lending issued $475 million in senior unsecured notes, beating its initial target of $400 million. 
  Flávia Furlan Nunes
• French Hill will chair the powerful House Financial Services Committee December 13, 2024
  The committee, which oversees and routinely addresses housing issues, will have new leadership following the retirement of Rep. Patrick McHenry.
  Chris Clow