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The U.S. Department of Veterans Affairs (VA) has announced that it will shut down a foreclosure prevention program designed to help veterans who have fallen behind on their mortgages to keep their homes. The Veterans Affairs Servicing Purchase (VASP) program, launched on May 31, 2024 , was designed to assist more than 40,000 veterans experiencing severe financial hardship in avoiding foreclosure and remaining in their homes.
An illustration of a mortgage executive losing a top-producing LO who wishes to become a 1099 LO. Illustration made with ChatGPT A source called with what sounded like big news. One of the bigger players in the wholesale space was soon going to require that all broker LOs be paid as W2s. Doing so would close what he described as the 1099 loophole. It turned out not to be true (nothing has changed re the tax status of broker LOs , the particular lender said), and I had to hang up because my thre
New Redfin data revealed that in February, the percentage of properties sold for more than their initial list price increased in about eight of the 50 most populated U.S. metro regions, half of which are in the Bay Area or New York. The famed city of San Francisco saw the largest increase among the top 50 metro areas, with an estimated 57.2% of sold properties selling for more than their original list price, up 7.5 percentage points from the previous year.
The Nunez Group , a real estate team with more than $123 million in sales last year, has officially joined Keller Williams City Views , the company’s Fort Lee, New Jersey -based market center. Founded by Oscar Nunez, The Nunez Group has been recognized for its focus on strategic investment opportunities, particularly in serving developers and real estate investors.
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.
According to a recent report from Point2 Homes , the BTR industry hit a new all-time high in 2024. In contrast to the 6,000 and 7,000 units annually that were coming up in the years prior to the pandemic, the 39,000 rental homes that were finished last year represent a 15.5% rise over the previous year, according to Yardi Matrix statistics as of March.
Office exclusives are becoming an increasingly significant segment of the Bright MLS marketplace, according to a recent Bright MLS study examining their impact on the broader housing market. While they previously accounted for only 2% to 4% of listings, that share surged to nearly 8% of new listings by February 2025. This shift is prompting real estate professionals and consumers alike to reevaluate implications of this marketing approach.
Office exclusives are becoming an increasingly significant segment of the Bright MLS marketplace, according to a recent Bright MLS study examining their impact on the broader housing market. While they previously accounted for only 2% to 4% of listings, that share surged to nearly 8% of new listings by February 2025. This shift is prompting real estate professionals and consumers alike to reevaluate implications of this marketing approach.
A new study by LendingTree examined overcrowding in U.S. homes, which impacts approximately 19.1 million Americans or 5.9% of the nations population. Some of the key findings of LendingTrees study were: 1 million Americans, or 5.9% of people in homes, live in overcrowded homes: The states with the highest rate of people in homes with more than two per bedroom are California (12.9%), Hawaii (11.5%), and New York (9.7%).
Reston, Virginia -based mortgage software company RETR announced this week that it has hired two new senior leaders to guide the company’s growth efforts. Heidi Iverson is the company’s new vice president of growth and Anthony Savala is the new vice president of sales. Both are joining the firm effective April 7, RETR co-founder and CEO Steven Wynands said.
Carrington Mortgage Services (CMS) reports that, moving forward, its correspondent channel is concentrating exclusively on underwriting and purchasing non-qualified mortgage (non-QM) loans. In recent years, one of the most successful loan products offered by CMS has been the non-QM, or non-agency, loan, says Samuel Bjelac, senior vice president, third party originations for CMS, in a release.
Following other recent proprietary product development news, Longbridge Financial announced on Friday the launch of a new variation for its private fixed-rate reverse mortgage offering. The Platinum Peak product suite aims to offer higher available loan-to-value (LTV) ratios, which are designed to translate into higher loan proceeds for borrowers, according to the announcement.
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.
The Mortgage Collaborative , an independent cooperative network serving the mortgage industry, recently added the following lender members to its growing community: Zillow Home Loans Old National Bank Griffin Funding CIS Home Loans NEO Home Loans, powered by Better | Better Mortgage Corporation AFC Mortgage Group Pilgrim Mortgage These organizations join TMCs network of industry leaders committed to collaboration, innovation, and operational excellence.
Older Americans are apparently choosing to stay put in greater numbers despite the fewer restrictions on their time granted by retirement. Between 2023 and 2024, moving activity among retirees dropped by nearly one-quarter (23.8%), according to data from the U.S. Census Bureau that was compiled by moving services company HireAHelper. Based on the data, 258,000 Americans moved in relation to retirement last year, with familiar mortgage market headwinds described as a likely cause of the stagnatio
Kenneth DeGiorgio now faces a criminal assault charge following an incident aboard the Virgin Voyages Resilient Lady cruise ship, according to an FBI criminal complaint.
Brokerage leadership coordinated a private listings push in the region despite MLS rules restricting pre-marketing and the risk of steep fines for agents.
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.
From reposts and Reel replies to shifting platform priorities, Jessi Healey breaks down how social media is evolvingand what it means for visibility, strategy and control.
Clever Real Estate reports that its new Clever Offers platform a free service that allows home sellers on tight timelines to explore their selling options recently hit a milestone achievement of $500 million in home sale transactions. The platform has attracted more than 20,000 sellers looking to compare cash offers, the firm says in a release. A recent Clever survey found that 61% of home sellers perceive cash buyer companies as scams.
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Lower mortgage rates could help lenders do more business, and investment analysts like Rocket's plans to acquire real estate brokerage Redfin and loan servicing giant Mr. Cooper.
It seems like almost everyone has a strong opinion on the Elon Musk-led Department of Government Efficiency (DOGE) that fits in with the partisan divisions that have become so prominent […]
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Heightened fears of a trade war and recession have investors convinced that the Fed will start cutting rates again in June a sentiment that gives mortgage rates more room to come down.
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