Industry News

Proposal outlines a market-driven approach to enhance shareholder value, preserve mortgage affordability, and facilitate a controlled exit from conservatorship

PHH has agreed to sell reverse mortgage servicing rights, comprised of approximately 40,000 Ginnie Mae HECM loans, with an unpaid principal balance of $9.6 billion, as PHH becomes the subservicer for the reverse MSRs under a three-year agreement

Following a 40-plus-year career with the home builder, Jon Jaffe is set to retire and be replaced by Stuart Miller, who will continue to serve as executive chairman and CEO of Lennar

An examination of Q3 activity reveals that home sellers are finding it harder to sell at the price they want, therefore inventory is accumulating and investors are taking advantage of this opportunity for discounts

ACES Quality Management reported that the mortgage industry’s overall critical defect rate rose to 1.51% in the second quarter of 2025, driven largely by sharp increases in appraisal and borrower eligibility defects

NAR projects a combination of easing mortgage rates, steady job gains, and improving market stability will prompt some sidelined home shoppers to drive existing-home sales in 2026 as more commit to buying

New national program will arm real estate agents with specialized training to ensure that U.S. vets receive expert guidance and advocacy on the path to homeownership

New data from Coldwell Banker sheds light on the state of homeownership and how housing affordability is reshaping family life, the economy, and the pursuit of major life milestones