Tue.Apr 01, 2025

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FHFA replaces Freddie Mac board member amid other changes

Housing Wire

The Federal Housing Finance Agency (FHFA) continues to make leadership changes at the board and executive levels of Freddie Mac and Fannie Mae. Capital One multifamily finance executive Grace Huebscher, who served as Chair of the Risk Committee and a member of several other committees, resigned from Freddie Mac ‘s board on March 24, according to TipRanks.

Finance 475
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Plot Twist: New Generational Group Emerges With the Largest Share of Homebuyers

Appraisal Buzz

According to the National Association of Realtors 2025 Home Buyers and Sellers Generational Trends report, baby boomers now comprise the largest generational group of home buyers in a shift that underscores the changing dynamics of todays housing market. The report examines the similarities and differences among recent homebuyers and sellers across generations, and found that the combined share of younger boomers (ages 6069) and older boomers (ages 7078) rose to 42% of all homebuyers in the past

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Baby boomers overtake Millennials in buying the most houses

Housing Wire

Baby boomers have overtaken millennials as the largest share of homebuyers , making up 42% of all purchases in the past year, according to a report from the National Association of Realtors (NAR). Millennials, who previously led home-buying trends, now account for 29%, down from 38% the previous year. NARs 2025 Home Buyers and Sellers Generational Trends report found that Generation X buyers remained steady at 24% of the market.

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Rents Outstripping Budgets in These Markets

Appraisal Buzz

Texas metro areas have seen some of the highest annual room rent increases in Q4 year over year, from Fort Worth (+46%) and Houston (+30%) to Austin (+17%). This according to the latest quarterly rental data from SpareRoom. Renters in the Fort Worth are now paying, on average, $1,043 per month, a 46% increase from Q3 2023 to Q4 2024but the average renter only has $700 budgeted for rent per month.

Marketing 248
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Leverage Trellis Court Data To Identify More Investment Opportunities

Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.

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A&D Mortgage closes Mr. Cooper wholesale, non-del acquisition

Housing Wire

Mr. Cooper Group is once again making headlines. Today, A&D Mortgage announced the official closing of its acquisition of the wholesale and non-delegated correspondent mortgage business from Mr. Cooper Group. The news comes just a day after Rocket Companies announced its acquisition of Mr. Cooper, which is to be completed by Q4 2025, in an all-stock deal valued at $9.4 billion.

Mortgage 388

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Homestreet enters agreement to merge with Mechanics Bank

Housing Wire

Mechanics Bank and HomeStreet Inc. announced Monday that they’ve entered into a definitive merger agreement, which provides for an all-stock business transaction between the two entities. Under the terms of the merger which was unanimously approved by the boards of directors of both companies HomeStreet Bank will be merged with and into Mechanics Bank.

Legal 378
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Voices of Velocity 2025: Caroline Gim

Appraisal Buzz

MortgagePoint was recently onsite at the Velocity 2025 conference in Fort Worth, Texas, which brought together agents and brokers, asset managers, property management, attorneys, and servicers for a day of education and networking. Among those we got the chance to speak with was Caroline Gim, REO Broker for Expert Real Estate & Investment. During the conference, Gim moderated the Diversify, Strengthen, and Accelerate!

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Compass broker accused of taking kickbacks in whistleblower lawsuit

Housing Wire

A Compass broker faces allegations of illegally accepting kickbacks from a mortgage lender and attorney in exchange for client referrals, according to a whistleblower lawsuit obtained by The Real Deal. Ben Lalez is accused of violating federal anti-kickback laws by steering clients to specific service providers in exchange for undisclosed cash payments.

Clients 337
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Appraisal Institute Scandal – Widespread Fraud Uncovered

Appraiserblogs

The Appraisal Institute is embroiled in yet another scandal, and this time it involves widespread fraud and cover-ups at the highest levels of the organization. Alissa Akins, a former director at AI, blew the whistle on a long-running scheme where the nonprofit knowingly misreported test scores to state regulators, potentially allowing unqualified appraisers to get licensed.

Appraisal 139
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The Constructor's Digital Transformation Playbook: Reducing Risk With Technology

Speaker: Dylan Secrest

Construction projects are high-stakes operations where even minor inefficiencies can lead to costly delays, safety concerns, and budget overruns. Managing risk in construction has always been a challenge, but as projects grow in complexity, traditional methods no longer cut it. Enter Digital Transformation - a game changer approach that replaces inefficiency with AI-powered analytics, real-time monitoring, and automated workflows to proactively manage risk.

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Gibson plaintiffs claim to have proof that Weichert, eXp conducted reverse auctions

Housing Wire

The Gibson plaintiffs have been barred from intervening in the Hooper commission lawsuit. But that hasnt stopped them from further attempts to dissuade Judge Mark H. Cohen from approving the settlements reached by eXp World Holdings and Weichert Realtors. In a filing on Monday, the Gibson plaintiffs claim that their reply to the Hooper plaintiffs’ reply in support of a motion for preliminary approval of the Weichert and eXp settlements is warranted despite them not being a party to the sui

Brokerage 328
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MLS PIN deal finally gets judge’s OK despite DOJ pushback

Real Estate News

The $3.95 million settlement aligns with NAR math, but unlike NARs agreement, allows the Massachusetts MLS to continue displaying offers of compensation.

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Compass’s recent performance points to the future of real estate brokerage

Housing Wire

In 2024, a year in which single-family residential resale transactions were at a 29-year low , Compass outperformed. In Q4, the company reported a revenue increase of 26% year over year, reaching $1.4 billion, with transactions up by 24%. And for the full year, Compass achieved $5.6 billion in revenue and generated $122 million in operating cash flow.

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How and when to say ‘no’ as a new real estate agent

Inman

Coach Verl Workman writes that setting healthy boundaries, including saying "no" when needed, provides a more balanced life and fulfilling career in real estate.

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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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Announcing the 2025 HousingWire Rising Stars

Housing Wire

Each year, HousingWires Rising Stars award recognizes the next generation of leaders making a significant impact on the industry. These standout professionals all 40 years old or younger are driving innovation, transforming their organizations, and shaping the future of real estate, mortgage, and fintech. The 2025 HousingWire Rising Stars have demonstrated exceptional leadership, expertise, and dedication to moving the industry forward.

Realty 296
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Private Residential Construction Spending Rises in February 

Eyes on Housing

Private residential construction spending increased by 1.3% in February, rebounding from a 1.2% dip in January. The growth was largely driven by higher spending on single-family construction and residential improvements. On a year-over-year basis, the February report showed a 1.6% gain, indicating a modest growth in private residential construction spending during market uncertainties.

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Judge to MLS PIN: ‘Trying to understand why this matters’

Housing Wire

U.S. District Court Judge Patti B. Saris is ready to see some movement in the Nosalek commission lawsuit , which has been pending for five years now, but that doesn’t mean she is going to approve MLS PIN’s settlement without properly examining the details. On Tuesday, at the preliminary approval hearing for defendant MLS Property Information Networks (MLS PIN) settlement, Judge Saris r efused to grant preliminary approval to the settlement as the plaintiffs and defendants were hoping

Sellers 248
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Rocket’s appetite for growth could ding corporate debt rating

Inman

Fitch Ratings warns of potential dowgrade of Rocket debt rating if Redfin and Mr. Cooper deals close, while decline in share price suggests investors have doubts Mr. Cooper is worth $9.4 billion.

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FMLS, Lone Wolf Technologies partner on transaction management

Housing Wire

First Multiple Listing Service (FMLS) has signed a five-year agreement with Lone Wolf Technologies to provide transaction management tools to its more than 60,000 members, the organizations announced Tuesday. As part of the partnership, FMLS members will have access to Lone Wolf’s transaction management software, including its Authentisign eSignature solution and the TransactionDesk platform.

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Agents can help sellers unlock value with renovation ROI: Revive

Inman

Revive has used its findings in the presale renovation space to produce an extensive white paper that dedicates its pages to proving the value of updating a home before selling it.

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HUD cuts 90% of its website content, citing low traffic and poor user experience

Housing Wire

The U.S. Department of Housing and Urban Development (HUD) this week unveiled a new website, explaining that as much as 90% of the material from the former site has been cut to eliminate redundancies and streamline the user experience. Providing the best and highest quality service to rural, tribal and urban communities means that critical resources online should be streamlined, concise and user-friendly, HUD Secretary Scott Turner said.

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Supreme Lending Hires Sarah Middleton as Chief Growth Officer

Appraisal Buzz

Sarah Middleton has joined mortgage lender Supreme Lending as chief growth officer and chief marketing officer. Middleton has more than 36 years of experience in mortgage leadership, growth strategy, and sales development. She is widely regarded as one of the industrys most accomplished and respected executives, the lender says in a release. Prior to joining Supreme Lending, Middleton served as chief growth officer at Movement Mortgage, where she led national initiatives across sales growth, the

Lending 195
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Brookfield takes controlling stake in Angel Oak

Housing Wire

Canadian investment powerhouse Brookfield Asset Management Ltd. has agreed to buy a majority stake in Angel Oak Companies , the holding company for a non-QM lender and investor that manages more than $18 billion in mortgage assets. Brookfield will take a 50.1% stake in Angel Oak , offering its own investors access to the firms residential mortgage credit business, according to filings with the Securities and Exchange Commission (SEC).

Investors 256
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Case-Shiller: Home Prices Increased 0.6 Percent in January

Appraisal Buzz

U.S. home prices increased 0.6% on a seasonally adjusted basis in January compared with December and were up 4.1% compared with January 2024, according to the latest Case-Shiller home price index report. The indexs 20-city and 10-city composites measuring home prices in the 20 largest U.S. cities each posted a month-over-month increase of 0.5%. Year-over-year, the 10-city composite saw an annual increase of 5.3%, up from a 5.2% annual increase in the previous month, while the 20-city composite

Buyers 195
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Homebuyer sues eXp, accusing agent of breaching fiduciary duty

Housing Wire

Michael Ammann is back with another lawsuit against eXp Realty and parent company eXp World Holdings. Ammann filed his first suit against eXp in December 2024. He accused the firm along with executives Glenn Sanford , Leo Pareja , Patrick ONeill and James Bramble, as well as eXp agent Megan Featherston of engaging in fraudulent practices, conspiracy and negligence.

Agents 249
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Alexanders fire back against Side in counterclaim

Inman

The brothers have filed a counterclaim against the white-label firm, alleging that it manufactured events surrounding their disassociation from Side. They have also filed an opposition to Side's motion for contempt against them.

Legal 92
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Mutual of Omaha launches proprietary reverse mortgage product

Housing Wire

The current reverse mortgage industry market leader, Mutual of Omaha Mortgage , announced on Tuesday that it has launched a new proprietary reverse mortgage product, with initial availability in California and Florida. The product line, known as SecureEquity, is available to homeowners as young as age 55. It offers adjustable- and fixed-rate options with a maximum loan amount of $4 million.

Mortgage 263
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Bay Area, NYC buyers drive bidding wars as market shifts loom

Inman

A recent Redfin report found that 20.5 percent of homes sold above asking price in February, while 64.2 percent sold below and 15.4 percent sold at their asking price nationwide.

Buyers 91
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UWM again extends 60 bps pricing incentive through May

Housing Wire

United Wholesale Mortgage (UWM) announced today it has again extended its 60bps for 60 Days program , which provides independent mortgage brokers with a 60 basis points pricing advantage on loans. Initially launched in December 2024, today’s announcement marks the second extension of the program , which is now set to conclude on May 31. This pricing incentive remains applicable to eligible conventional or government loans for borrowers with a FICO score of 720 or higher.

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Grant program incentivizes teardowns of old mobile homes

Inman

FHLB Cincinnati's Hundred Homes Initiative's $50,000 grants can be used for a down payment or closing costs on a newer home in Ohio, Kentucky or Tennessee, and pay for the disposal of vacated mobile homes

Tools 89
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@properties was profitable prior to sale to Compass

Housing Wire

After Compass acquired @properties and Christies International Real Estate this past December , the real estate industry is now getting an inside look at the financial condition of Chicago-based @properties. Via filings with the Securities and Exchange Commission (SEC), the $155 million in cash that Compass paid as part of the acquisition aligns closely with the $155 million of shareholder equity in @properties at the end of September.

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Brokerages have 3 options after Clear Cooperation decision

Real Estate News

With NAR opting to keep the CCP with a delayed marketing alternative, industry leaders say firms should prepare their counter move to stay competitive.

Brokerage 151