The next NAR scandal is here — and it’s about extravagant executive perks

The National Association of Realtors (NAR) has spent much of the past few years having its dirty laundry aired across public domain and in courtrooms. Now a new report is taking aim at compensation for NAR executives.On Monday, The New York Times published an expose about the lavish perks enjoyed by

The month in reverse mortgage rates: November 2024

People often disregard reverse mortgages as being too complex. However, I argue they are simply unfamiliar. When explained properly, borrowers can easily understand the concept of a reverse mortgage. However, the loan terms and language are unfamiliar to most existing homeowners.Therefore, when lend

FHFA to raise the 2025 multifamily loan caps for Fannie, Freddie by 4%

The Federal Housing Finance Agency (FHFA) on Monday announced that it will raise the 2025 multifamily loan caps for purchases by the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac to $73 billion each. This represents a total of $146 billion in multifamily market support for next