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...

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...

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...

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...

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,...

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...

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...

These convenient detergent pods could actually be ruining your pipes. Getty Images / Erstudiostok Dishwasher pods are pre-measured and individually wrapped single-use capsules that contain dishwashing detergent. One of their main draws is convenience, as all you need to do is pop one in the designated compartment in your dishwasher—no measuring or messy spills to worry about.While dishwasher...

Find out how to grow kale as a cool-season vegetable in fall or spring. Peter Krumhardt Kale (Brassica oleracea) is a popular vegetable for salads, fresh-blended smoothies, and soups. Whether you cook kale or eat it raw, this cool-weather vegetable tastes similar to cabbage. However, its loose, upright, wavy-edged leaves don’t form a head like cabbage. Although kale is classified as a biennial,...

We’ll be serving up ghostly treats and channeling a nostalgic, informal feel this spooky season, according to a new report from Pinterest. Carson Downing Pinterest just released its annual Halloween Trend Report, and we were a bit ~spooked~ to see what's haunting users' boards (in the best way). From gothic makeup looks, Wicked-inspired costumes, and nostalgic decorations, the 2024 season is...