Sales of previously owned homes in the US rose modestly last month as lower mortgage rates and tamer price gains sparked some activity in the nation’s long-stagnant housing market. Contract closings increased 1.5% to an annual rate of 4.06 million in September, the highest in seven months, according to National Association of Realtors figures released […]
US existing-home sales rise to fastest pace in 7 months Read More »
Mortgage technology dollars are flowing away from the consumer. While industry investment has historically flowed into front-facing aspects, home loan players have shifted spending to back-office efficiencies in recent years, multiple experts said Wednesday at the Mortgage Bankers Association Annual conference in Las Vegas. “What we’re seeing now is more investments on planning, risk, (quality
Lenders move tech dollars to the back office Read More »
With the rise in gig economy workers and borrowers looking to use their cryptocurrency assets as collateral for a loan, non-QM mortgages and non-agency loans are beating records, according to Tom Davis, the head of sales at Deephaven Mortgage. In an interview at the Mortgage Bankers Association‘s annual conference in Las Vegas, Davis sat down
Deephaven’s record-breaking month driven by non-QM business Read More »
Fannie Mae announced new leadership roles on Wednesday for three key existing leaders at the government-sponsored enterprise. It appointed chief operating officer Peter Akwaboah as acting CEO while the company searches for a permanent chief executive. According to a press release, the leadership roles are effective immediately. Akwaboah joined Fannie Mae from Morgan Stanley,
Fannie Mae names Peter Akwaboah as acting CEO Read More »
Union Home Mortgage (UHM) has launched a new product suite, UHM Platinum, to broaden its loan offerings and increase its presence in the nonqualified mortgage (non-QM) market. The company said the initiative is part of an effort to strengthen both new and existing relationships with investors and provide greater flexibility in mortgage options. Through UHM
Union Home Mortgage expands non-QM offerings with launch of Platinum products Read More »
The hits against residential real estate listing portal giant Zillow keep coming. On Tuesday, The Capitol Forum published a report claiming that their research and reporting shows that Zillow’s Flex program could violate the Real Estate Settlement Procedures Act (RESPA). According to the report, agents, many of whom were former Zillow Flex agents, told The Capitol
Are Zillow Flex agents required to send buyers to Zillow Home Loans? Read More »
With so many real estate brokerages out there competing not only for listings but for you, the real estate agent, it can be tough to know which one is the right fit for you. Choosing the best real estate company to work for is a very personal and important decision, as it can affect your
The best real estate companies to work for in 2025 Read More »
Covius, a financial services firm that offers insights and technology to the housing industry, says it’s poised for growth through its acquisition of Title365 from Blend Labs. Company executives believe the move will strengthen their foothold in the booming home equity market. The deal, announced in June, is pending regulatory approval, which is expected to
Covius’s Joe Chappell on Title365 acquisition, home equity footprint Read More »
Most real estate agents (still!) get email marketing wrong. They either painstakingly type out each message by hand or, worse, ask ChatGPT to write them. The results? Mixed at best. Sure, those 500-word heartfelt emails to loyal clients get opened, but they also take 45 minutes to compose on a phone. The rest of their
11 proven real estate email templates (with sky-high open rates) Read More »
Reflecting on her nearly three decades long — and counting — real estate career, Chicago-based @properties Christie’s International Real Estate broker Carrie McCormick believes it was the rebellious nature she had as a child that has contributed to her success. “I was and still am a rebel spirit,” McCormick said. “I don’t like following the
How a rebel Realtor became Chicago’s No. 2 power player in luxury real estate Read More »