CHLA urges FHA’s equal treatment of homebuyers despite commission status

The Community Home Lenders of America (CHLA) this week submitted a letter to the Federal Housing Administration (FHA) that urges the agency to “provide comparable down payment treatment for FHA borrowers, regardless of whether or not the seller is willing to pay the home buyer broker commission,” ac
Read MoreUWM sued over ‘corrupt’ scheme with brokers to steer loans

Top U.S. mortgage lender United Wholesale Mortgage (UWM) is the target of a class-action-seeking lawsuit alleging it orchestrated a scheme with mortgage brokers to apply excess fees and costs to borrowers. The wholesale lender called the accusations a “sham.”The lawsuit was filed on Tuesday in a Mic
Read MorePennsylvania doctor, lawmaker explain why aging in place ‘makes sense’

A physician and a lawmaker, both based in the state of Pennsylvania, have come together to explain to area seniors why aging in place “makes sense,” explaining potential benefits from a regional healthcare system’s senior wellness program and the ability to remain in their own homes as they get olde
Read MoreMillennials are once again driving the home purchase market: NAR

Millennials replaced baby boomers as the largest group of homebuyers in 2023.The combined share of millennials, both younger (ages 25 to 33) and older (ages 34 to 43), made up a combined 38% of the home purchase market last year, up from 28% in 2022, according to the 2024 Home Buyers and Sellers Gen
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