Marcia Fudge talks HUD departure, why it’s time ‘to go home’

Marcia Fudge is now the former secretary of the U.S. Department of Housing and Urban Development (HUD), having served her final day on Friday, March 22, after announcing her resignation just 11 days earlier. Adrianne Todman now serves as acting HUD secretary.In a recently published interview with NP
Read MoreHighTechLending adds Brian Boccia as key reverse mortgage specialist

California-based multichannel mortgage lender HighTechLending appointed reverse mortgage industry veteran Brian Boccia to serve as a senior account executive in its third-party origination (TPO) channel. He joins the company after prior experience at companies like Mutual of Omaha Mortgage and Rever
Read MoreEscalating insurance costs deepen housing affordability crunch: Freddie Mac

Fueled by a surge in mortgage rates, owning a home has become increasingly expensive. According to a Freddie Mac housing and mortgage market report released Monday, while mortgage payments remain the primary pressure point for homeowners, insurance costs are emerging as a growing burden.Homeowners i
Read MoreHomebuilders are still buying down rates to move houses

Today’s new home sales report shows the importance of lower rates. Last year, when mortgage rates were approaching 8%, people wondered if homebuilders could still buy down rates to boost sales. The answer is no: new home sales were hit as mortgage rates headed higher last year, which impacted the bu
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