Kaplan Real Estate Education has released its first Real Estate Survey of Trends — highlighting both optimism about client growth and concerns over technology adoption in the industry. Nearly half of survey respondents (48%) expect to grow their client base in the next six to 12 months, with another significant portion projecting flat client volume. […]
Real estate agent optimism holds steady, but AI adoption slow Read More »
West Capital Lending said on Thursday that it has entered into a strategic partnership with Mortgage Connections, a Michigan-based mortgage brokerage. Mortgage Connections, founded by Ali Younes & Joe Dakroub Esq., has closed more than 843 transactions and $239 million in funded loan volume over the last 14 months, according to data from MMI. The
West Capital Lending partners with Mortgage Connections Read More »
When Compass began acquiring brokerages across the country a decade ago, the goal was clear; rapid expansion in key markets. It was the second phase of Compass’s plan to expand after offering agent sign-on bonuses and incentives that brought them quick growth. The company — now the largest residential real estate brokerage in the United
Compass’ acquisition strategy faces new tests after Anywhere deal Read More »
For generations, the American Dream was synonymous with homeownership — a white picket fence, a backyard and the pride of owning a place to call your own. But today, that dream is undergoing a quiet transformation. With the national median home price now exceeding $426,000, according to NAR, the goal for many Americans has shifted
From rates to reality: why innovative homeownership alternatives matter now Read More »
HomeSmart has announced its appointment of Stacey Onnen as president. Onnen has more than 20 years of experience in real estate — most recently working in the legal technology sector and previously leading a national initiative at Keller Williams. She also served as president of operations at eXp Realty from April 2019 to February 2022
HomeSmart names Stacey Onnen president Read More »
The Federal Housing Administration (FHA) said Wednesday it will continue processing claims during the government shutdown but cannot endorse new Home Equity Conversion Mortgages (HECMs) until funding is restored. That information was confirmed by the National Reverse Mortgage Lenders Association (NRMLA). Because most reverse mortgages fall under the FHA’s HECM program, FHA loan endorsements stop
Government shutdown halts new reverse mortgage endorsements Read More »
After five years at Douglas Elliman, Steven Cohen and his team are returning to Corcoran Group, according to an announcement on Wednesday. The team will be affiliated with Corcoran’s East Side New York City office and it consists of nine real estate professionals: Scarlett Nawrocki, Stefanie Ruch, Heather Sherman, Andrew Hurwitz, Eleanor Gottesman Zuckerman, Meredith
The Steven Cohen Team returns to Corcoran Group Read More »
If we’re splitting hairs, today’s mortgage rates are half a hair lower than yesterday’s, but the average borrower might not see a difference in a rate quote. Our 30yr fixed rate index fell by the smallest increment possible (.01%) and it hasn’t been more than 0.03% away from that level for two weeks. With the
Mortgage Rates Technically Lower, But Effectively Flat Read More »
President Donald Trump is weighing slashing “thousands” of federal jobs ahead of a meeting with his budget director, Russell Vought, as the White House looks to ratchet up pressure on Democrats to end a government shutdown that has entered its second day. “It’s likely going to be in the thousands,” White House press secretary Karoline
Trump eyes firing thousands of federal workers over shutdown Read More »
Annaly has formed a new partnership with Pennymac, adding another major publicly-traded nonbank mortgage company as one of its subservicers. The real-estate investment trust, which also has a subservicing partnership with Rocket Cos., will be tied in with a master purchase agreement in which Annaly will buy certain assets from Pennymac. The purchase agreement relates
Pennymac and Annaly forge new mortgage servicing alliance Read More »