Brown Harris Stevens (BHS) is welcoming Maggie Ross as its new managing director of sales for the firm’s Brooklyn operation, according to an announcement on Wednesday. Prior to accepting this position at BHS, Ross was an associate real estate broker at Compass. In her new role at BHS, Ross will be tasked with overseeing all […]
Brown Harris Stevens names Maggie Ross to lead Brooklyn sales Read More »
In the bigger picture, the past two and a half weeks have been marked by a very narrow range in the bond market. Because bonds dictate mortgage rates, the latter have also been in a narrow range with average top tier 30yr fixed rates of 6.15-6.20%. Yesterday’s employment-related data helped bonds improve. Many lenders made
Mortgage Rates Match Lowest Levels in Over 2 Weeks Read More »
As the House prepares to vote next week on the Housing for the 21st Century Act, mortgage industry groups are lining up in support of a bill that bundles a wide range of changes to housing finance, federal oversight and development policy. Processing Content The Mortgage Bankers Association on Friday urged lawmakers to pass the
MBA, lenders rally behind Housing for 21st Century Act Read More »
Trump administration officials are exploring opening an antitrust investigation into US homebuilders as the White House sharpens its focus on tackling the country’s housing affordability crisis. Processing Content The Department of Justice could open the probe in the coming weeks, according to people familiar with the discussions. No decision has been made and the administration
White House explores opening antitrust probe on homebuilders Read More »
Compass Inc. lost a bid to temporarily block a Zillow Group Inc. ban on listings that have been advertised elsewhere first, after a judge ruled in favor of the home-search site in its legal battle with the largest US real estate brokerage. Processing Content US District Judge Jeannette Vargas on Friday denied a request by Compass for
Compass loses bid to temporarily block Zillow listing rules Read More »
After a multi-year contraction, the mortgage lending workforce is seeing its first uptick in licensing since 2022. Recent data from the Conference of State Bank Supervisors suggests the steady exodus of loan officers has finally paused, though the industry remains cautious about expanding headcount. Processing Content A break in the licensing decline As of the
Mortgage licensing ticks up as industry eyes 2026 reset Read More »
Champion Homes (SKY), a Michigan-based manufactured, modular, and mobile homes builder, posted better-than-expected results during a difficult homebuilding sales environment. Amid a challenging market, the builder is leveraging its strong reputation and continually expanding product line to grow its customer base. Champion’s stock shot up more than 11.0% on Wednesday after the builder released better-than-expected
Champion Homes beats expectations with varied product mix, brand power Read More »
Anna-Marie Ellison is on the move again, this time joining the leadership team at John R. Wood Christie’s International Real Estate. In a post on LinkedIn on Wednesday, the firm announced that Ellison would serve as its new vice president of sales. According to the brokerage’s announcement, Ellison will be supporting the firm’s offices across
Ryan Ponsford, a veteran financial adviser with more than 25 years of experience in wealth management, real estate and lending, is unequivocal: “The reverse mortgage line of credit is one of the most misunderstood, underutilized tools in retirement planning today.” “The scary part — put five reverse mortgage people in a room and ask them
Reverse mortgage line of credit remains underused — but advisers may be receptive Read More »
Data and analytics firm Verisk said that insured losses to property and automobiles from Winter Storm Fern could reach $4 billion, according to an initial analysis released by the company on Tuesday. Another estimate from Karen Clark & Co. (KCC) is even higher. KCC reported that privately insured losses from Winter Storm Fern are estimated
Estimates for insured losses from Winter Storm Fern top $4 billion Read More »