Housing for the 21st Century Act clears House committee, heads to floor vote

The Housing for the 21st Century Act advanced in the House on Wednesday after a markup by the Financial Services Committee, setting the stage for a potential floor vote in early 2026.Lawmakers also unanimously passed a separate bill extending the authorization of the National Flood Insurance Program
Read MoreCrossCountry Mortgage picks up top VA loan producer Patton Gade

CrossCountry Mortgage (CCM) announced Wednesday that it’s welcoming the Victor Alpha Group to the company. Led by the husband-and-wife duo of Patton Gade and Shari Gade, the team brings more than 20 mortgage professionals with military ties to CCM. “This team exemplifies the values that define Cross
Read MoreMutual of Omaha issues $243.3M proprietary reverse securitization

Mutual of Omaha Mortgage is marketing a $243.3 million securitization backed by newly originated proprietary reverse mortgages, according to a presale report published Monday by Morningstar DBRS. The transaction is backed by 318 reverse mortgages with about $200.1 million in unpaid principal balance
Read MoreHarvard study: how low immigration could impact housing demand

On Tuesday, Harvard University’s Joint Center for Housing Studies (JCHS) updated an August homeownership and household growth report with an addendum that adds a low-immigration scenario. Under the low-immigration scenario, the number of homeowning households would decline by approximately 88,000 t
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