Freddie Mac on Friday announced that its president Michael Hutchins has been appointed interim CEO, effective March 16, but the company continues its search for a permanent appointment. He will replace Michael DeVito, who is retiring after three years in the job.
NAR settles commission lawsuits for $418 million
The National Association of Realtors has agreed to pay $418 million in damages to settle the real estate commission lawsuits. The trade group has also agreed to abolish the “Participation Rule” that required sell-side agents to make an offer of
5 Popular Cape Coral Neighborhoods: Where to Live in Cape Coral in 2024
Nestled in the Sunshine State, Cape Coral, FL, is known for its stunning waterfront views, vibrant arts scene, and endless outdoor recreational opportunities. With its picturesque canals and close proximity to the Gulf of Mexico, Cape Coral draws residents seeking
10 Things to Do in San Bernardino, CA in 2024
Nestled in the heart of the Inland Empire, San Bernardino is a city bursting with cultural diversity and a rich history. From the stunning San Bernardino Mountains to the vibrant downtown area, there’s no shortage of things to do in
Blend narrows loss in 2023, projects confidence in achieving profitability this year
California mortgage tech firm Blend Labs narrowed its loss in 2023 by expanding its consumer banking footprint and growing its mortgage consumer base. The San Francisco-based company reported a non-GAAP net loss of $101.3 million in 2023, down from a
10 Things to Do in Riverside, CA in 2024
Nestled in the heart of the Inland Empire, Riverside, CA is a city bursting with culture and charm. From the historic Mission Inn Hotel to the stunning landscapes of Mount Rubidoux, there’s no shortage of beauty to explore. So, whether
Tight inventory and frustrated buyers challenge agents in Virginia
No matter where you are in the state, real estate agents in Virginia are facing low inventory conditions that are creating frustrating scenarios for their buyers. “I think people are getting used to the interest rates where they are now,
8 Popular Port St. Lucie Neighborhoods: Where to Live in Port St. Lucie in 2024
With its Atlantic Coast views, beautiful beaches, warm weather, and lush state parks, Port St. Lucie, FL, is one of the many great places to call home in the region. Port St. Lucie, FL, draws residents with a friendly atmosphere,
9 Popular Tallahassee Neighborhoods: Where to Live in Tallahassee in 2024
As the capital of Florida, Tallahassee has a rich history, a vibrant arts scene, and beautiful natural surroundings, attracting residents from all over. This Florida Panhandle city offers countless green parks, historic sites, architecture, and universities like Florida State University
Rising home insurance costs are adding pressure for buyers: Insurify
The dream of homeownership is becoming increasingly elusive for many Americans as both home prices and insurance premiums are on the rise. Over the past decade, home prices have nearly doubled, according to the S&P CoreLogic Case-Shiller national index. Homeowners
Influx of sellers arrives just in time for spring season
Go to Source Author:
Homes listed for sale in early June sell for $7,700 more
Go to Source Author:
Home buyers need to earn $47,000 more than in 2020
Go to Source Author:
Gap between Black and white renting families who could afford a mortgage narrowed significantly during the pandemic
Go to Source Author:
Home shopping early may pay off as price cuts abound
Go to Source Author:
Top 10 states to which Gen Zers are moving (and the states they are leaving)
Go to Source Author:
Embrace Home Loans names new president
Independent mortgage lender Embrace Home Loans has promoted Ryan “Buddy” Hardiman to the position of president, the company announced on Wednesday. Before the promotion, Hardiman served as the company’s senior vice president of retail and direct sales for more than
Housing coalition publishes recommendations for GSEs’ ‘Duty to Serve’ plans
The Underserved Mortgage Markets Coalition (UMMC), a coalition of 32 housing groups initially convened by the Lincoln Institute of Land Policy, published a report on Wednesday that recommended actions for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. Described
Fannie Mae clarifies ARM interest rate, ups cash-out refi term on manufactured homes
The Fannie Mae February Selling Guide has a series of updates, including the expansion of value acceptance and property data appraisal waivers to condominiums, cash-out refinance allowances for manufactured homes, and updates to credit references and certain definitions. Following up
Annual home price gains may have reached cycle peak: CoreLogic
U.S. home prices posted their highest yearly rate of appreciation since January 2023, reaching 5.5% year over year in December, according to CoreLogic’s Home Price Index. Home prices declined by 0.1% compared to November 2023. Price appreciation slowed greatly over
Thomas Yoon to steer Lead+ Wholesale Lending
California-based lender Summit Funding has appointed Thomas Yoon as the head of subsidiary Lead+ Wholesale Lending, the company announced on Wednesday. In his new position, EQA Mortgage’s former president will strive to bring unmatched support to mortgage brokers who sell
Rithm Capital delivers $524M profit in 2023
New York-based Rithm Capital posted a profit in 2023, a year marked by several acquisitions that turned the company into a leading global asset manager. In the mortgage space, the parent of multichannel lender Newrez earned most of its profits from the servicing
‘La Dune’ in the Hamptons fetches record $88M at live Sotheby’s art auction
The late January auction of iconic Hamptons estate ‘La Dune’ marked the first time a property was included in an art auction at Sotheby’s. The $88.48 million winning bid on ‘La Dune’ also made the estate the most valuable property
DataDigest: Where for-sale inventory went and when it’s coming back
It’s no secret that 2023 was a difficult year to buy a home. With mortgage rates briefly topping 8% and home prices breaking records throughout the year, many would-be sellers simply decided not to bother listing their homes, exacerbating already