Richelle Hopkins of Mutual of Omaha Mortgage has been a reverse mortgage professional for 20 years, moving to Arizona in 2006. In 2020, a colleague approached her about establishing a Phoenix-based chapter of Women in Insurance and Financial Services (WIFS), an association of financial services professionals who aim to “attract, develop and advance women in…
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In a court filing on Thursday, the National Association of Realtors said it will appeal the D.C. Circuit Court of Appeals ruling that the Department of Justice could reopen its investigation into the trade group. The decision to appeal to the Supreme Court comes after the appeals court denied NAR’s request for a rehearing in…
Presidents and board chairs of the 11 Federal Home Loan Banks (FHLBanks), under pressure to pump more money into affordable housing, sent letters to the U.S. Department of Treasury on Thursday saying that simply raising their contribution threshold will not address the complexities of the current housing crisis. Instead, the FHLBanks—11 U.S. government-sponsored banks that provide…
By every metric, the nation’s affordable housing crisis has reached unprecedented heights. A record-high 22.4 million renter households are cost burdened, meaning they spend at least 30% of household income on housing and utilities, and we are short 7.3 million rental homes that are affordable and available to renters with extremely low incomes. Meanwhile, the…