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Majority of recent homebuyers have regrets: survey

Housing Wire

The respondents included 420 people who bought a home in 2023 or 2024, and another 500 who plan to do so in 2024 or 2025. “We People who are planning to buy a home by the end of 2025 expect to pay $483,490 on average, but 52% of those who have purchased since the start of 2023 have spent more than $500,000.

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HUD outlines reverse mortgage wish list in budget proposal

Housing Wire

The White House this week submitted its fiscal year 2025 budget proposal to the House of Representatives and the Senate , outlining the priorities of the administration in providing a budgetary blueprint for the entirety of the U.S. Total loan volume projected for all MMI programs for 2025 is $237.9 federal government.

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What servicers need to know going into 2024

Housing Wire

The most pessimistic forecast call for a drop of 40% nationwide by the end of 2025. JW: Based on our conversations with clients, a growing number of servicers are monitoring the coming “escrow cliff” and are beginning to develop proactive programs to reach out to impacted borrowers.

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Will new products stop the bleeding for mortgage lenders? 

Housing Wire

The investment we make today will have exponential benefits in 2023, 2024 and 2025 and beyond,” UWM CEO and Chairman Mat Ishbia said during an earnings call. The introduction of a personal loan reflects the company’s strategy to develop end-to-end digital solutions to serve customers across various financial products beyond mortgages.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

Real estate brokers can provide links to crime statistics for their clients but they should never interpret the severity of the neighborhood’s safety based on those figures (unless, perhaps, that broker is trained in criminal studies). Initiative 135 collected 57% of the vote amid turnout of 33% of the electorate.

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Appraisal Institute Counters Flawed Appraiser Bias Narrative

Appraisal Today

For too long, appraisers have faced sweeping claims that their valuations are biased against certain groups, despite appraisers’ ethical standards, rigorous training, and lack of financial stake in transactions. The transformation is required at the end of 2026 with testing beginning late 2025. He has been around for a long time.