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While there has been something of a “yo-yo” of gains and losses in the reverse mortgage industry’s performance metrics for the past several months, some mixed signals on the horizon — such as higher interest rates that could depress origination volumes along with the potential implementation of HMBS 2.0 — leave 2024 winding down in an active way for the business. Home Equity Conversion Mortgage (HECM) endorsements increased by 0.7% from October to November, with 2,408 loans endorsed last month, according to data compiled by Reverse Market Insight (RMI). Meanwhile, HECM-backed Securities (HMBS) issuance decreased by $15 million during the…

Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025. As we prepare to enter the new year, now is the time to give your real estate brand a powerful refresh. Brand health directly impacts your ability to connect with clients, adapt to industry shifts and secure your place as a trusted market leader. Think of this checklist as your “branding…

With technology rapidly advancing, Zumper is the latest company in the real estate industry to dive into artificial intelligence (AI) assistants. The rental portal this week launched an AI assistant named Zoe, which according to the company can answer “virtually any renter question about a property or its neighborhood.” Zoe can also help manage the process of renting an apartment by requesting tours and submitting leads. It is integrated with community listings. “We want to harness AI to empower both property managers and renters in a whole new way,” Zumper co-founder and CEO Anthemos Georgiades said in a statement. “Zoe…

Implement these strategies from security expert Robert Siciliano to identify and protect yourself from misinformation, ensuring you’re better prepared to navigate today’s intricate information ecosystem. Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025. Every minute of the day we are bombarded with information via television, radio, print, and social media. When you consume information, you…

If housing industry professionals are looking for an early Christmas gift, they might receive it in the next two weeks if key economic indicators move in the right direction. At HousingWire’s Mortgage Rates Center on Tuesday, the 30-year conforming rate averaged 6.98%. That was down 4 basis points (bps) from a week ago and the first weekly decline since rates began to climb in early October. Meanwhile, the 15-year conforming rate continued to rise, up 14 bps over the past week to 7.12%. The Federal Reserve will hold its next meeting in two weeks and the consensus from interest rate…

Greystar opened its first modular apartment complex in Pennsylvania this week. Experts say the multi-billion dollar company’s foray into modular building signals a significant shift into the practice in the U.S. Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025. Greystar Real Estate Partners has entered the U.S. modular housing industry by opening its first modular apartment complex in Pennsylvania,…

The Federal Housing Administration (FHA) this week published a final Mortgagee Letter (ML), 2024-23, that requires lenders to report a cybersecurity breach within 36 hours of being detected. While the FHA posted a draft version of the ML online in September to seek feedback, the agency stated that the draft is being issued as final without any changes. The 36-hour timeline, while tight, is still an extension from prior guidance released in ML 2024-10 published in May. That proposal required lenders and other FHA program participants to report a breach within 12 hours of detection. “Effective immediately, FHA-approved mortgagees must…

The living room featured in this listing photo for a West Village tree house comes with skylights for extra breathing room. Photo-Illustration: Curbed; Photo: Sothebys International Realty For under a million dollars, one can find all sorts of housing configurations: park- and subway-adjacent studios, one-bedrooms hidden in carriage houses or former shoe factories, and even the occasional true two-bedroom. We’re combing the market for particularly spacious, nicely renovated, or otherwise worth-a-look apartments at various six-digit price points.  This week, we have a collection of apartments with a lot of character that have been on the market for a while — which…

A day after the settlement received final approval from Judge Stephen Bough, an entity known as Spring Way Center along with several homesellers appealed the deal. Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025. The National Association of Realtors’ landmark antitrust commission settlement only barely just received final approval last week, but already the deal is facing an appeal. The…

Multifamily property managers and owner managers face countless challenges and complexities day in and out. From resident relations and legal compliance to property takeover, both established and new property management company executives can quickly become overwhelmed handling all the moving parts required to run the company.  One of the most common challenges, particularly when taking over a property, is hiring and retaining full-time staff.  Staffing challenges have only gotten more pronounced in recent years due to various economic and social shifts. Because of these staffing difficulties, some property managers are tempted to turn to 1099 contractors to fill critical roles…