HUD doubles down: No FHA financing for ‘unqualified aliens’

In a letter to agency stakeholders and grantees last Friday, U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner effectively doubled down on a recently-announced policy aiming to restrict Federal Housing Administration (FHA) financing to U.S. citizens and permanent resident
Read MoreLower mortgage rates are spurring housing demand
Mortgage rates recently hit a year-to-date low, coinciding with ongoing market disruptions from tariffs. The more encouraging story, however, is that the spring season is shaping up positively for the housing market. Notably, purchase applications show growth both year-to-date and year-over-year. Ad
Read MoreMortgage software firm RETR hires two executive leaders

Reston, Virginia-based mortgage software company RETR announced this week that it has hired two new senior leaders to guide the company’s growth efforts. Heidi Iverson is the company’s new vice president of growth and Anthony Savala is the new vice president of sales. Both are joining the firm effec
Read MoreHow are agents navigating the growing economic uncertainty?

Chip Stella, one of the broker-owners of Wellesley, Massachusetts-based Rutledge Properties, was not having the greatest start to his Friday morning. “I got off the phone about 30 seconds ago from a call with one of my agents. We had a listing with a buyer under contract at $5 million, and he made t
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