Peak homebuying season is clouded by mixed signals

As the U.S. hits peak homebuying season, the signals across the country are mixed at best as some markets are accelerating while others are slowing quickly. Inventory continues to build at the national level, something that’s happening most rapidly in the South. Home sales continue to run just a li
Read MoreSecond-home mortgage market slumped in 2023: Redfin

In 2023, home purchases slowed across the board due to low levels of inventory, high mortgage rates and soaring home prices. Simultaneously, the appetite for second homes also diminished substantially. Nationwide, 90,772 mortgages for second homes were originated in 2023, down 40% from a year earlie
Read MoreFormer Norcom reverse mortgage team moving to Supreme Lending

The former reverse mortgage team from Norcom Mortgage in Avon, Connecticut — which elected not to move to CMG Financial following its acquisition of Norcom last month — has selected Texas-based Supreme Lending as its new home, with John Luddy serving as SVP of reverse lending. He begins in the role
Read MoreSocial Security Administration updates SSI program to expand access

The Social Security Administration (SSA) late last week announced that it is making changes to the Supplemental Security Income (SSI) benefit program. Notably, it is expanding the definition of a “public assistance household” to those receiving Supplemental Nutrition Assistance Program (SNAP) paymen
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