Mortgage rates cool again ahead of the Fed’s December meeting

After briefly crossing the 7% threshold, mortgage rates have moved lower in the past two weeks. And they have the potential to continue dropping by the end of the year, depending on how markets react after next week’s Federal Reserve meeting.At HousingWire’s Mortgage Rates Center on Tuesday, the 30-

OneTrust Home Loans hires Gabe Bodner to lead 55-plus lending division

OneTrust Home Loans, a DBA of CalCon Mutual Mortgage LLC based in San Diego, Calif., announced this week the appointment of Gabe Bodner to the head of its 55-plus lending division which includes its reverse mortgage business.Bodner, a 20-year mortgage professional, previously served OneTrust as a VP

CFPB commences rulemaking for elder financial abuse

The Consumer Financial Protection Bureau (CFPB) this week announced it has launched rulemaking to address harmful financial consequences of crimes including domestic violence and elder abuse. The Bureau is announcing it ahead of time to gather feedback for potential amendments to the regulation that

No, Wall Street investors are not buying up a bunch of homes

Just a year ago, a striking claim circulated that Wall Street investors had bought 44% of all homes in America in 2023. This kind of sensational story can easily lead to misconceptions about housing economics. Fast forward to today, and the trend has shifted to the idea that BlackRock is snapping up