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The primary shareholders of REcolorado — the Denver Metro Association of Realtors (DMAR) and the South Metro Denver Realtor Association (SMDRA) — have fired the current board and announced the name of the company they are selling their shares to: MAZL, LLC., headed by J. Burks. According to a statement released Friday from DMAR and SMDRA, their board members have “signed and submitted a joint, unanimous resolution removing all REcolorado board members from their position and duties,
The Federal Housing Finance Agency (FHFA) on Thursday named the inaugural members of its newly created advisory committee on affordable, equitable and sustainable housing. The purpose of the committee is to provide nonbinding advice to the agency on how Fannie Mae , Freddie Mac and the Federal Home Loan Banks can achieve their goals as a “reliable and responsible source of liquidity and funding“ across the single-family and multifamily housing sectors.
The Merriam-Webster Dictionary defines the “sandwich generation” as a generation of people who are caring for their aging parents while supporting their own children—and according to new research by Realtor.com, 17% (or one-in-six Americans) of Americans fall into this designation who are taking care of children under 18, and their parents/grandparents; an impact which has surprisingly led them to homeownership.
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.
The mortgage origination industry has long made use of an operational strategy that relies on “staffing up” during cycles of high volume and then making staff reductions, sometimes en masse, when origination volume declines. While this was once a necessary business strategy, the technology now exists to implement a much more efficient approach. In order to achieve this, lenders need to take a thoughtful approach to the implementation of technology, and the very highest decision makers need to pu
We have yet to find out the full extent of the court-ordered National Association of Realtors (NAR) settlement back in March on the topic of commissions in which the NAR is expected to pay $418 million over a four-year period in damages and will change numerous rules that housing experts believe will lower house costs going forward. This settlement is the culmination of a series of lawsuits against the NAR which will ultimately do away with standard commissions.
We have yet to find out the full extent of the court-ordered National Association of Realtors (NAR) settlement back in March on the topic of commissions in which the NAR is expected to pay $418 million over a four-year period in damages and will change numerous rules that housing experts believe will lower house costs going forward. This settlement is the culmination of a series of lawsuits against the NAR which will ultimately do away with standard commissions.
After initially announcing the development of a new Home Equity Conversion Mortgage (HECM)-backed Securities ( HMBS ) program in January, government-owned company Ginnie Mae — which oversees the government’s mortgage-backed securities (MBS) portfolio — released a highly anticipated term sheet this week for what is being referred to as “HMBS 2.0.” To get a better understanding of the newly proposed program and what it hopes to accomplish, HousingWire ’s Reverse Mortgage Daily (RMD) sat down with
The Realtor association owners of the MLS said the decision was made “in the best interests of our collective membership” following confidentiality violations.
Homeowners 62 and older saw their collective home equity levels rise in the first quarter of 2024 by roughly $328.5 billion to a total of $13.19 trillion, a recovery after decreases observed over the past year. This is according to the Reverse Mortgage Market Index (RMMI), a measure of senior-held home equity maintained by the National Reverse Mortgage Lenders Association (NRMLA) and data analytics firm RiskSpan.
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.
For many, summertime in northern New Hampshire is the perfect opportunity to get back to nature, relax lakeside and generally slow down a little. According to local real estate agents, the region’s housing market seems to have read the same memo, as June did not bring the same market boost as many have grown accustomed to. “There isn’t a whole lot of time during the year where it is super slow because we have a lot of vacation buyers, but pre-COVID, between Columbus Day and Thanksgiving, when th
A Nevada lawsuit was dismissed this week, but an amended sexual misconduct complaint filed in California could put company leadership back in the hot seat.
Title insurance provides vital protection to the largest and most important purchase most Americans will ever make—their home. Without this essential product, owners could be forced to pay out of pocket to settle costly challenges to their ownership rights—or even worse—lose their home. Unfortunately, the Consumer Financial Protection Bureau (CFPB) recently issued a Request for Information (RFI) on mortgage closing costs—including title insurance—that continues a concerning pattern of labeling l
Watch the conversation with speaker and “crazy idea” guy Kyle Scheele as he explains how the power of storytelling can foster lasting client relationships.
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.
Despite lacking final court approval — and while facing vocal disapproval from the Department of Justice — MLS Property Information Network has decided to move forward in implementing some of the changes outlined in its settlement agreement for the Nosalek commission lawsuit. In an email sent to MLS PIN customers on June 20 and obtained by HousingWire , the MLS states that, effective immediately, listing brokers and agents are able to submit listings to its platform without offering any cooperat
San Jose -based EquiFi Corp. , a provider of shared equity financing products, announced Thursday that it hired Paul Giangrande as a corporate executive vice president and president of its mortgage division. Giangrande previously served as president of AmeriCash Mortgage and has more than 30 years of experience in the financial services and mortgage arenas.
Owners of the 16th largest MLS in the country plan to sell to a newly formed private company called MAZL that is run by a person identified only as J. Burks.
HousingWire CEO Clayton Collins sat down with Rick Roque, executive vice president of retail growth and strategy at Sierra Pacific Mortgage and Andrew Maas, co-founder and CEO of Pointable , to talk about AI on his PowerHouse podcast. Roque and Maas will be speaking at HousingWire’s AI Summit on July 23. This conversation has been edited for length and clarity, but you can listen to the whole thing here.
The Netflix series focuses on Serhant's agents and lifts the stakes on real estate-focused reality TV thanks to high production values and sophisticated plotting, reporter Lillian Dickerson writes.
With housing markets across the country dealing with a lack of inventory and rapidly rising prices, working-age adults who let their parents live with them is an increasingly common situation. It’s intended to limit the total amount of expenses for one of the involved parties. The impact on a working-age adult’s ability to buy a home or pay a mortgage varies.
Mortgage industry veteran Paul Giangrande has joined EquiFi , a provider of shared equity home financing solutions, as corporate executive vice president and president of the EquiFi mortgage division. Giangrande has more than 30 years of financial service and mortgage industry experience, specializing in direct-to-consumer loan originations, portfolio retention, call center management, sales and marketing, and lead acquisition.
Real estate investors in nine states just gained a new option for finding homes and agents. Easy Street Offers announced Friday that it’s expanding its operations to include states with increasingly hot housing markets — and geographically, these are all over the country. The states added are Utah, Pennsylvania , Oklahoma , Missouri , Kansas, Indiana, Florida, Georgia and Colorado.
Pending home sales decreased 2.1% in May compared with April and were down 6.6% compared with May 2023, as higher mortgage rates continued to keep homebuyers on the sidelines, according to the National Association of Realtors (NAR). Regionally, and month over month, contract signings declined in the Midwest and South but increased in the Northeast and West.
The remaining brokerage defendants in the Batton 2 homebuyer commission lawsuit filed a joint motion to dismiss the suit last week. This is the second time the remaining defendants have looked to get the case dismissed. In the motion filed by Compass , eXp World Holdings , Redfin , Weichert Realtors and United Real Estate , the defendants claim that the homebuyer plaintiffs are simply trying “to parrot the allegations they made in an amended complaint,” filed in the Batton 1 commission laws
The merger brings on Katy Thielke Straser's seven-person team and allows Jones Fridman International to expand its market area into Northern California. The team now represents about $25 billion in career sales.
According to Freddie Mac, the average 30-year fixed-rate mortgage decreased by 14 basis points (bps) from 7.06% in the previous month to 6.92% in June 2024. This decline comes after increases from 6.64% in January to a peak above 7.2% in May. Nonetheless, the current rate is still higher from one year ago by 21.
Real gross domestic product (GDP) increased in 39 states and the District of Columbia in the first quarter of 2024 compared to the last quarter of 2023 according to the U.S. Bureau of Economic Analysis (BEA). Ten states reported an economic contraction during this time, while Maryland reported no change. The percent change in real.
The Federal Reserve's preferred inflation gauge fell to 2.56 percent in May, getting closer to the Fed's 2 percent target for the 2nd month in a row. Core inflation reading is lowest since March 2021.
The budget deficit in 2024 is expected to total $1.9 trillion, according to the Congressional Budget Office’s most recent June estimates. This marks a $408 billion increase from the $1.5 trillion estimate published in February. This increase is the result of increased spending of $363 billion and decreased revenues of $45 billion for the year.
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