Remove As-is Remove Design Remove Principal
article thumbnail

The biggest challenge for the reverse industry in 2024? Mortgage rates

Housing Wire

Education and distribution A longtime challenge for the reverse mortgage industry continues to be its marketing and messaging, particularly in ways designed to overcome longstanding reputational hurdles that the business has had to contend with for years. Rates re-emerged as a challenge and continue to be as the year winds down to a close.

article thumbnail

HUD announces $72.6M in new Native American community grants

Housing Wire

HUD extends its gratitude to Tribes for providing vital feedback on the ICDBG program through Tribal consultation, which informed the development of this grant competition, from the design of the Notice of Funding Opportunity through our work to quickly complete the application review and award process, HUD stated.

Principal 370
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What is a real estate broker vs. an agent? We explain the key differences

Housing Wire

Whether you’re looking to start a career in real estate, already have one or are involved in real estate transactions, you may find yourself wondering about industry terminology and job titles. The industry acronyms alone look like alphabet soup. So, let’s start with the basics: What is a real estate broker vs. an agent? Let’s dive in!

Agents 448
article thumbnail

New York bill would require reverse mortgage lenders to strengthen consumer disclosures

Housing Wire

These include several reductions to principal limit factors (PLFs), which are designed to reduce risk and losses to the program. Provisions designed to allow for more non-borrowing spouses to remain in the property after the death or displacement of the borrowing spouse were implemented in 2015. In 2019, then-Gov.

Mortgages 358
article thumbnail

How to become a real estate broker & launch a brokerage — Advice from a KW mega broker

Housing Wire

If you live in one those states, leveling up your career might mean studying to become a Managing Broker or Principal Broker. Despite the learning curve, becoming a broker has been one of the most fulfilling decisions of my career. Before you take the leap, Ill share with you what I wish my young self knew when I launched my own brokerage.

Brokerage 370
article thumbnail

Tough Calls: Lessons from Volcker, inflation, and the Fed’s crossroads

Housing Wire

The standard of living of the average American has to decline, he said. I don’t think you can escape that. These were the words of Federal Reserve Chairman Paul Volcker as he testified before Congress in October 1979. Inflation was 13%. Volckers predecessors, Arthur Burns and William Miller, had failed to control prices. Thatwasnt a one-off.

article thumbnail

HUD announces $175M funding opportunity for rental construction, renovation

Housing Wire

This particular funding opportunity is designed to impact communities with demographic and size variations by setting aside $65 million for CoCs that are “located in states with populations of fewer than 2.5 It is designed to address both the immediate impacts of homelessness as well as risk factors that contribute to it, HUD explained.