the company also viewed the first quarter of the year as a “strategic turning point” for the FOA brand, according to CEO Graham Fleming. Brand moves “With the recent launch of our new ‘A Better Way with FOA’ campaign, we are redefining how reverse mortgages are understood, moving the product from the margins into the
We’re working from a record low bar Over the past two years, my theme has been: the bar for purchase apps is so low that we can trip over it. Also, millions of people buy homes each year —regardless of what is happening in the economy. Despite facing significant challenges in the 2008 housing crisis,
Many 2025 housing market forecasts were hopeful that lower rates would’ve arrived by now to accompany the typical peak of the spring purchase season. But economic uncertainty sparked by President Donald Trump’s global tariff policies and resulting fears of rising inflation have kept rates near 7% for much of the year. Fed effects The Federal
This is according to HECM endorsement data compiled by Reverse Market Insight (RMI), and HMBS issuance data from Ginnie Mae and private sources compiled by New View Advisors. HECM endorsements, HUD data Jon McCue, RMI’s director of client relations, told HousingWire’s Reverse Mortgage Daily (RMD) that rate movements are the likely culprit behind last month’s
On an unadjusted basis, the index decreased 4% compared with the previous week. The refinance index decreased 4% from the previous week and was 42% higher than the same week one year ago. The refinance share of mortgage activity remained unchanged at 37.3% of total applications from the previous week. “Refinance activity dipped again, as
10-year yield and mortgage rates In my 2025 forecast, I anticipated the following ranges: Mortgage rates will be between 5.75% and 7.25% The 10-year yield will fluctuate between 3.80% and 4.70% Last week, we observed a positive trend, as the 10-year yield gradually declined from a high of 4.43% to 4.24%. This drop has also
If no kickoff or punt return touchdowns occur during the regular season or playoffs, the prize pool will roll over and grow each week, the Steelers announced. “At Howard Hanna, we’re proud to continue our deep-rooted connection to Pittsburgh and its iconic sports culture,” Howard Hanna III, CEO of Hanna Holdings Inc., said in a
What will happen to home sales? The upward movement serves as a bucket of cold water for a housing market that has had a relatively healthy level of activity at the start of the spring purchase season. Altos data released Monday showed that weekly pending single-family home sales rose slightly compared to year-ago levels as
Bank of America chair and CEO Brian Moynihan said in a statement that the bank’s clients “have been performing well, consumers have shown resilience, continuing to spend and maintaining healthy credit quality.” But he added that “[we] potentially face a changing economy in the future.” Speaking to analysts, Moynihan also said that “there’s a lot
The bill was referred to the House Committee on Ways and Means. While the full text of the legislation is not yet available, its listed purpose is to “amend the Internal Revenue Code of 1986 to increase the income cap for and make permanent the mortgage insurance premium deduction.” “With housing prices skyrocketing in Florida