Reverse, forward mortgage associations urge full funding for Ginnie Mae

The Mortgage Bankers Association (MBA) this week submitted a letter to congressional leaders in the U.S. House of Representatives and U.S. Senate, urging them to endorse full funding for Ginnie Mae in order to ensure maximum liquidity for the government-backed corporation’s mortgage-backed securitie
Read More‘Emotional attachment’ may prolong seniors’ moving timelines: Opendoor

Baby boomers and members of Generation X are staying in their homes for longer, which may be due to the high level of emotional attachment they have in their homes. This is according to a new report from Opendoor, which describes emotional attachment to the home as “an oft-ignored consideration in r
Read MoreConsumer advocates call California Realtors’ buyer rep agreement ’unreadable’

A report released Tuesday by the Consumer Federation of America (CFA) found that the California Association of Realtors’ (CAR) buyer representation and broker compensation agreement is “virtually unreadable.” The release notes that the CFA sent this analysis to the Department of Justice (DOJ) two we
Read MoreRocket Mortgage continues push into AI with Instabase partnership

The number of homebuyers who enjoy the process of getting a mortgage might be able to be counted on one hand. And while taking out a six- or seven-figure loan is probably never going to be fun, Rocket Mortgage has a plan to at least make it easier. The country’s largest mortgage lender announced a p
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