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MortgagePoint ยป Your Trusted Source for Mortgage Banking and Servicing News 80 March 2025 F I N A L T H O U G H T S "detailed and deliberate" HUD Secretary Scott Turner revealed the actions to be implemented after the launch of the U.S. Department of Government Efficiency (DOGE) Task Force, saying that every dollar spent by HUD to support rural, tribal, and urban communities will be carefully considered. "request these advances" Amy Bach, Executive Director of United Policyholders, suggests that in the wake of the catastrophic California wildfires, households affected by the natural disaster should apply for advance payments on claims, keep calculating the total cost of their losses and the cost of replacing their houses and belongings, and attempting to obtain all policy benefits. "likely to remain rangebound" Mike Fratantoni, SVP and Chief Economist for the Mortgage Bankers Association, elaborates on the state of loan maturities going into 2025 and how, for the foreseeable future, longer-term rates are projected to stay "rangebound," and overcoming these maturities will continue to be difficult. "gaining broader adoption" Chris Birk, VP of Mortgage Insight at Veterans United, explained how AI tools are turning into a useful tool for homebuyers as digital assistants and smart home appliances become more widely used in the daily life of many Americans. "a measurable force" Dr. Jeremy Porter, Head of Climate Implications Research at First Street, describing how climate change is no longer merely a theoretical issue; it is a quantifiable factor that is changing regional economies and real estate markets all over the United States.