Pulte says he’s canceled $6.4M in “DEI nonsense” at Fannie and Freddie

Over the past few days on social media platform X — his public megaphone of choice — Federal Housing Finance Agency (FHFA) Director Bill Pulte this past weekend rescinded two orders rescinding previous policy with a focus on diversity, equity and inclusion (DEI) before offering public-facing comment on his approach to reforming the government-sponsored enterprises (GSEs). The moves come as some...

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...

From tenant to trailblazer: Oralia Herrera takes helm at NAHREP

Oralia Herrera, current president of NAHREP. Oralia Herrera’s journey from an 8-year-old immigrant and tenant in a Chicago apartment to newly appointed president of the National Association of Hispanic Real Estate Professionals (NAHREP) is one she wouldn’t change a thing about. Sworn in on March 26 during NAHREP’s annual Homeownership and Housing Policy conference in Washington, D.C., Herrera...

Tariff policy could inspire renewed talk of reverse mortgage as ‘buffer asset’

For those who are within five years of retirement — either those who are five years away, or who have recently entered — the market volatility being experienced today as a result of the White House’s embattled tariff policy are likely to endure challenges as they navigate the potential impacts of market volatility. This is according to retirement experts who have recently spoken with outlets...

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...

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