Housing

Eastern Union Secures $20.4M Financing for Assisted Living Conversion Project in Plano, Texas

PLANO, Texas — Eastern Union has secured two loans totaling $20.4 million to finance the conversion of a former hotel property in Plano, Texas, into an assisted living community. Totaling 137 room ...

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HSBC commits $25M to NCRC partnership following redlining allegations

HSBC has agreed to direct $25 million over the next four years to support underserved communities in an agreement with the National Community Reinvestment Coalition (NCRC) following allegations of ...

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Seasoned Appraiser: Buyer-Seller Standoff Eases, Transaction Activity Picks Up

For over two years, a persistent bid-ask spread between buyers and sellers of seniors housing properties prevented many deals from getting done. Seniors Housing Business (SHB) caught up wit...

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FHA wants added flexibilities for borrowers renting out a bedroom

The Federal Housing Administration (FHA) on Wednesday posted a proposed Mortgagee Letter (ML) that would add flexibility for people receiving rental income from “boarders” who pay for space in an e...

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Credit reports will be at least 20% more expensive in 2025, frustrated mortgage execs say

Executives at mortgage lenders anticipate a minimum 20% increase in credit reporting costs in 2025 compared to 2024. And the soaring costs will hit as lenders try to dig out from multiple years of ...

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Movers and Shakers: Avenue Appoints CIO; Vium Capital Names Director

Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving th...

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Brookdale CEO ‘Hopeful’ Affordability in Senior Living Will Be Priority During Trump Transition

While it’s still uncertain how the incoming administration of President-elect Donald Trump will impact the senior living industry, Brookdale CEO Cindy Baier is “hopeful” the industry can elevate th...

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Rate announces revamp of reverse mortgage division with industry veterans

Chicago-based multichannel mortgage lender Rate, formerly known as Guaranteed Rate, has announced a shakeup in its reverse mortgage division’s leadership by appointing two longtime industry veteran...

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Fannie Mae’s new version of DU to focus on credit risks

Fannie Mae on Wednesday announced that its next version of the Desktop Underwriter (DU) software platform will be available for users on Jan. 11. The platform will feature “enhanced” risk assessmen...

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How the “lavish” comp and perks NAR leaders enjoy compares to other housing trade groups

NAR’s volunteer leaders receive financial benefits that no other nonprofit in the housing space comes close to matching, 990 filings reveal. Earlier this week the National Association of Re...

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Side seeks more than $4 million from Alexander brothers, Official Partners

White-label brokerage Side is seeking more than $4 million from the Alexander brothers and the brokerage Official Partners. According to an amended complaint filed this week, Side allege...

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10.5 million borrowers at or over age 65 still have forward mortgages

While many older homeowners own their properties free and clear of a mortgage payment, this is not a feasible reality for many seniors. In fact, more than 10.5 million Americans at or over the age ...

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Rethinking resident experience: Why consumer tech trends matter now more than ever

Industries like retail, banking, transportation and food service have undergone massive digital transformation in recent years by leveraging new technologies to enhance consumer experience. As a re...

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HousingWire’s mortgage rate forecast for 2025

I like to say that I don’t predict mortgage rates — and I’m not convinced that anyone can. Bond markets are driven by so many unpredictable factors that even the wisest market visionaries have big ...

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New-home purchase mortgage applications jumped 8% in the past year

As existing-home sales dwindle due to high mortgage rates and the lock-in effect, buyers continue turning to new construction options. And Mortgage Bankers Association (MBA) data shows a shifting a...

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Pop the champagne! Existing-home sales post first annual gain since July 2021

After tumbling over the past few months, existing-home sales are giving real estate and mortgage professionals a reason to smile. The seasonally adjusted annual rate of existing-home sales rose 3.4...

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Fannie Mae’s forecast for home sales? ‘Meh’

It looked like existing-home sales were primed to rise in 2025, but the prospect of higher-than-expected mortgage rates are driving down expectations. Fannie Mae on Thursday issued revisions...

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ACES report uncovers another increase in mortgage defects

The defect rate for mortgages grew significantly across all loan types in the second quarter of 2024, continuing a trend seen in the first quarter. The share of loans with defects grew to 1.81%, ac...

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

In the newest episode of the “Real Estate Insiders Unfiltered” podcast, hosts James Dwiggins and Keith Robinson sit down with Robert Morris, a real estate broker, trainer and veteran agent ...

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Compass continues expansion spree in Texas, adding top-performing Dallas duo

Compass has made no secret of its plans for rapid expansion, and if recent additions are any indication, Texas is a prime target. The brokerage announced this week that it added Dallas-b...

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Former Trump nominee Michael Bright on the confirmation process for Ginnie Mae president

While president-elect Donald Trump is still making selections for who will fill out his cabinet and other important leadership positions across the government, one outstanding question mark...

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