The governing council of the nation’s capital, Washington, D.C. is taking steps to establish a permanent program seeking to protect its older residents with reverse mortgages from foreclosure. In mid-January, the D.C. council enacted the “Fairness and Stability in Housing Amendment Act of 2024,” whi

Mortgage servicing is more complex than ever, and while some large servicers are sinking real resources into innovation, many are hesitant to branch out beyond the decades-old systems they’re comfortable with. This could be risky if delinquencies continue to rise in the coming years. “I think servic

Homebuyer confidence for purchasing a home increased slightly in January, according to Fannie Mae‘s Home Purchase Sentiment Index (HPSI). The HPSI increased 0.3 points to 73.4 in January and is now 2.7 points higher than it was a year ago. The share of respondents who believe it’s a good time to sel

Elon Musk has entered the Consumer Financial Protection Bureau (CFPB). According to a report from WIRED, associates working with Musk entered CFPB’s building Thursday, and CFPB Chief Operating Officer Adam Martinez confirmed that Musk’s team will receive read-only access to a sweeping amount of the