HECM, HMBS activity falls sharply in February

Home Equity Conversion Mortgage (HECM) endorsements fell sharply in February, continuing a broader slowdown in the reverse mortgage industry. The total number of HECMs endorsed during the month dropped 20.7% to 1,821 loans. While February’s shorter calendar often results in fewer endorsements, the s
Read MoreMortgage rates jump after Iran strike rattles markets
Late last week, the U.S. housing market appeared to be on solid footing going into March, but a wrench was unexpectedly thrown into the works when the U.S. and Israel launched a military strike against Iran over the weekend. Mortgage News Daily reported Monday that 30-year fixed rates jumped 13 basi
Read MoreStellar MLS transitions CEO role from Merri Jo Cowen to Shayne Fairley

After more than 17 years at the helm, MLS industry veteran and 2025 HousingWire Woman of Influence Merri Jo Cowen has officially stepped down from her role as the CEO of Florida’s Stellar MLS, according to an announcement on Tuesday. She is being replaced by Shayne Fairley. Stellar MLS had previous
Read MoreConnecticut bill targets private real estate listings

Lawmakers in Connecticut have joined other state legislators in seeking to establish a process to ensure public marketing of certain real estate listings. Connecticut legislators introduced Senate Bill 340 last week, sponsored by the Insurance and Real Estate Committee, which is a bipartisan commit
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