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

Housing Wire

That was a repeated idea shared by a group of reverse mortgage professionals when asked to assess what they see as the biggest industry challenges of the year. Rates re-emerged as a challenge and continue to be as the year winds down to a close. I think that’s true from an industry standpoint.

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FCC says new rules for robocall and text opt-outs will take effect in April 2025

Housing Wire

The new guidelines are designed to make it easier for consumers to revoke consent for unwanted robocalls and texts. The effective date for the new rule is April 11, 2025, giving the mortgage and real estate industries roughly six months to become compliant.

Mortgages 482
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AgentCoach.AI is deploying bots to train real estate agents

Housing Wire

Users can access AI bots designed to assist agents with general real estate knowledge, sales, marketing , negotiation and motivation. The company cites high home prices as a key barrier blocking agents from closing deals more effectively. Each training bot is designed to tackle one of five challenges that real estate agents may face.

Agents 344
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Climate risk is rising. It calls for a rethinking of home insurance coverage

Housing Wire

For homeowners with conventional loans backed by Fannie Mae and Freddie Mac , insurance at replacement cost is mandatory, but flood insurance is only required in designated flood zones. Pete Carroll, executive of public policy and industry relations at CoreLogic , said that he’s heard divided opinions from insurers.

Design 482
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MISMO searches for participants for closing initiative

Housing Wire

The Mortgage Industry Standard Maintenance Organization (MISMO) announced last week that the organization is looking for participants for an initiative focused on standardizing pre-closing title document data sets. MISMO hopes that the initiative will streamline the business process and improve the efficiency of the closing process.

Closing 433
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Real estate coach Robert Morris: ‘The speed of the leader determines the speed of the pack’

Housing Wire

Held live from the National Association of Realtors ‘ (NAR) NXT Conference in Boston, the conversation covers broker leadership tips, the value of designations and certifications, and educational resources for real estate agents. To close the conversation, Morris recommends certifications for buyer and seller agents to pursue.

Design 369
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Frustration builds among retirees over more stringent Social Security rules, office closures

Housing Wire

The agency is seeking to implement new in-person identity verification requirements and plans to close more than two dozen field offices across the country, according to CBS News. DOGE Service , plans to reduce the agencys footprint by closing 47 regional offices across the country.

Design 352