2024

The ‘Brides’ 2025 Color of the Year Is Inspired by an Italian Sunset and Aperitivo

This saturated orange shade is the epitome of romance. Minted For centuries, couples have gathered their loved ones to celebrate tying the knot—and this year, the number of couples planning for a reception increased by 7%, according to a survey from Civic Science. Today's couples are planning weddings with an eye for individual style, guest appreciation, and memorable details, including a...

Number of U.S. Home Sales Hit 30 Year Low in 2024

31 percent fewer U.S. homes sold in 2024 than in prepandemic 2019 According to a recent Redfin report, only 25 out of every 1,000 U.S. homes changed ownership in the first eight months of 2024, marking the lowest housing turnover rate in 30 years. Redfin's analysis, which focused on turnover as an indicator of housing availability, compared data across various metro areas, home types, and neighborhoods...

Getting ready for what’s next: lower rates, more refis, more tech

The game plan is not to survive until 2025. The executives in this session are rising above and operating from a growth mindset. They have decades of experience with receipts to show their approach works, and they’re going to share their hard-earned wisdom with our audience. Watch the full session below. To go back to the full IMB Summit on demand page, go here. Speakers: Kevin Peranio, Chief...

MBA’s Broeksmit says ‘harassment, deception and distrust from trigger leads’ must end

The Mortgage Bankers Association (MBA) is prioritizing its legislative work on a bill that would ban the practice of trigger leads, in which consumer credit reporting agencies share with other lenders that a “hard credit report” was pulled for a mortgage application. This can lead to an onslaught of calls to the consumer vying for their lending business. Bob Broeksmit, the MBA’s president and CEO,...

Decisions by legislators, homebuilders may have worsened North Carolina’s Helene damage

On Thursday, the devastation of Hurricane Helene reached a grim milestone as the death toll has reached 200, according to reporting by the The Associated Press. In the western regions of North Carolina, “the storm washed out roads and knocked out electricity, water and cellular service,” the AP reported. But the devastation felt in North Carolina may have been exacerbated by a series of decisions...

Reverse mortgage volume, HMBS issuance show little movement in September

The reverse mortgage industry could begin seeing some benefits of lower interest rates, but endorsement volume and securities issuance largely continued its trend from the prior month. Home Equity Conversion Mortgage (HECM) endorsements fell by 2.1% from August to September, with 2,153 loans endorsed along with an increase in Federal Housing Administration (FHA) case number assignments issued. This is...

William Chang steps down as Pennymac’s capital markets leader

William Chang is stepping down from his roles as chief capital markets officer at PennyMac Financial Services and chief investment officer for PennyMac Mortgage Investment Trust, the company announced Thursday. Industry veteran Mark Elbaum will succeed him.  Chang, who joined the company in 2012, will “pursue other interests in the mortgage banking industry” after leaving on Oct. 11. Before joining...

5 Unique Ways to Use Banana Peels for Cleaning

These unusual tips might sound bananas, but banana peels contain oils that make them ideal for shining objects. Getty Images / Vlad Serbanescu / 500px Banana peels typically conjure images of someone slipping, but curiously, the thing that lends them their slippery reputation—naturally occurring wax—makes banana peels perfect for polishing metal items and removing scuffs from leather.In...

Amazon’s Early Prime Day Deals Include Bissell, Crock-Pot, KitchenAid, and More for Up to 96% Off

Score prices as low as $2. Better Homes & Gardens / Madison Woiten Prime Big Deal Days might not officially begin until Tuesday, October 8, but there are already thousands of deals already live across nearly every category at Amazon. Because the best time to shop any of the retailer’s sales is actually before the event starts, we found the 50 best early cleaning, kitchen, home, gardening...

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