A developing Super El Niño could affect the housing market
Private lenders: focus exposure review as California and Gulf Coast are primary impact zones; emphasize collateral inspections, insurance and regional caps.
One in five sellers cuts prices amid retreating buyer demand.
One in five sellers cut prices as inventory rises and pending sales fall, signaling softer comps, heightened lending risk/ opportunity for private lenders.
CHLA supports Pulte’s proposal for GSE credit score disclosures.
An industry letter to the Federal Housing Finance Agency argues for expanding the scope of loan- and borrower-level information disclosed in mortgage-backed securities pools to sharpen market transparency and improve pricing precision. The correspondence contends that more granular, standardized data would enable investors to [...]
Older home sellers require clear guidance, not faster closings.
National Association of Realtors data identifies a mid-sixties median seller profile, while supplementary research flags a different outcome for homeowners who sell later in life. Sellers in their seventies are more likely to realize lower returns, with two recurring drivers: a higher incidence of [...]
Garg claims majority support to retake control, oust Better directors.
The proposed plan seeks the removal of five directors from the company’s board, explicitly naming interim CEO Daniel Lewis among those targeted. Such a concentrated board turnover constitutes a dramatic governance intervention that could force a rapid reassessment of strategy, oversight and executive authority. [...]
CMLS CEO Jessica Edgerton urges an embrace of complexity at Open House.
Edgerton’s announcement of a new broker membership tier at CMLS represents a deliberate recalibration of how broker services and access are packaged within an established industry forum. Framed as a membership innovation, the move signals a strategy to segment the broker market by needs [...]
Ivy Zelman warns of overbuilding amid slowing household growth.
Zelman & Associates’ updated outlook signals a significant deceleration in household formation, projecting roughly 1 million net new households per year in the latter part of the decade compared with about 1.8 million earlier. That moderation materially reduces baseline demand for new housing, altering [...]
GSEs issue policy waiver for lenders unprepared for UAD 3.6.
Industry guidance has clarified that lenders obtaining a one‑time waiver may continue using UAD 2.6 for a limited transitional period beyond its scheduled retirement. The move provides immediate operational relief for originators and appraisal processors that lack fully deployed system or vendor integrations, reducing [...]
CRMLS declines Compass demands concerning MLS cooperation rules.
Multiple Listing Services (MLSs) are signaling a coordinated defensive posture by preparing for potential litigation and establishing an MLS Cooperation Legal Defense Fund to support challenges tied to cooperation policies. The fund is positioned to underwrite legal fees, coordinate strategy across member organizations, and [...]
Reverse mortgages are the largest underserved market in the industry.
Speakers at the industry forum in Austin laid out practical borrower scenarios showing how older homeowners can responsibly unlock a vast pool of home equity—nearly $15 trillion—without compromising housing stability. Using real-world case studies, the presenters illustrated a spectrum of strategies that convert illiquid [...]