A lawsuit over rights to reverse mortgage-backed collateral stemming from the collapse of a major industry lender has been brought to an end with a summary judgment, but the plaintiffs in the case have vowed to appeal the decision. The suit was filed by Texas Capital Bank (TCB) against Ginnie Mae in late 2023. The bank alleged that Ginnie Mae had “extinguished, in return for no consideration, TCB’s...
President Donald Trump ended months of suspense on Wednesday by announcing his long-awaited new tariff regime, and the result is mixed for homebuilders. The good news is Trump didn’t place any new tariffs on goods from Canada or Mexico. He’s also allowing the one-month pause on tariffs for some goods from those countries to continue, with an unspecified end date. The bad news for homebuilders is...
Top-five reverse mortgage lender Finance of America (FOA) has enlisted creative advertising agency David&Goliath (D&G) to serve as its new creative agency of record (AOR), following a competitive process including several other candidate agencies. The company — which formally announced the arrangement on Thursday — includes business and brand strategy, creative development and industry...
Mark Fleming, chief economist at First American, argues that failing to account for the growing number of U.S. households gives a misleading impression of housing market strength. “If we look at existing-home sales as a percentage of the total number of households over time, we see that sales are down to the same levels as the early 1990s, just above 3%, and well below the long-run average of 4.1%,”...
As a professional marketer, your real estate landing pages are one of your most valuable lead generation assets. Get them right, and your ROI from paid leads will soar. Get them wrong, and your leads will head right back to Zillow. To help, we’re giving you seven deceptively simple tips we’ve used to convert thousands of leads on landing pages. After the tips, we break down high-converting landing...
This 1959 bungalow went from cramped and choppy to open and airy without adding a single square...
If you’re planning a kitchen remodel or building a kitchen from scratch, you probably know about common storage solutions such as drawer and cabinet dividers. But the Houzz photo feed is filled with creative storage ideas that might not have crossed your radar, ranging from simple hacks you can add...
Image Rexroad says REIT is looking to increase its Sun Belt...
On April 2, 2025, President Donald Trump declared "Liberation Day" for American workers, unveiling sweeping new tariffs that could influence U.S. home prices and mortgage rates. "For over 50 years, our country and its taxpayers have been taken advantage of, but that ends today," Trump announced from the White House Rose Garden. "With these actions, we will make America greater than ever before." The new...
Top-five reverse mortgage industry lender Finance of America (FOA) announced on Wednesday that it has promoted Jonathan Scarpati to the role of chief production officer. Scarpati previously served as the company’s senior vice president of wholesale lending. Scarpati has served at FOA since 2010 in various roles, and he is the first occupant of this new C-suite executive position. The role is designed...
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