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Reverse mortgage endorsements fell as HMBS issuance rose in March

Reverse mortgage industry performance metrics have continued their soft trend into the third month of the year, though activity in the secondary market was slightly higher than the month prior. Home Equity Conversion Mortgage (HECM) endorsements fell in March based on rate increases observed in the late period of 2024, while HECM-backed securities (HMBS) issuance saw an increase in March in a market...

Reports: Fannie Mae lays off 700 employees

Government-sponsored enterprise (GSE) Fannie Mae has reportedly laid off as many as 700 employees, with 200 of the layoffs focused on members of the Telugu-speaking community over “irregularities” uncovered related to charitable donations. According to reports from outlets including TechStory, HRKatha and the Times of India, 700 U.S.-based employees were fired within the first few days of April,...

10 Times to Hire a Contractor (9 photos)

Wondering if it’s time to hire a general contractor? These pros are experts at managing all aspects of a project, including applying for building permits, hiring subcontractors, overseeing work and cleanup, and more. If you’re thinking of undertaking a major home improvement project, remodel...

Single-Family Rent Growth in U.S. Trends Upward in 2025

According to CoreLogic's latest Single-Family Rent Index (SFRI), U.S. single-family rent prices rose 2.4% year over year in January 2025, up slightly from 2.1% in December. However, this growth is still below the 2.6% increase recorded in January 2024. Historically, from 2010 to 2019, annual rent growth for single-family homes ranged between 2% and 4%, averaging around 3.5%. On a monthly basis, rents grew...

Lower mortgage rates are spurring housing demand

Mortgage rates recently hit a year-to-date low, coinciding with ongoing market disruptions from tariffs. The more encouraging story, however, is that the spring season is shaping up positively for the housing market. Notably, purchase applications show growth both year-to-date and year-over-year. Additionally, our weekly pending contract data and new listings are trending positively compared to last...

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