REcolorado board fired as shareholders reveal new buyer

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 statem
Read MoreThe best real estate CRM for every budget in 2024

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission.Is the best real estate CRM the one you use or the one you pay the most money for? If you’d asked us 10 years ago, we would have just said, “the one you actu
Read MoreGinnie Mae official talks HMBS 2.0, hopes for detailed public comments

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 wee
Read MoreThe hazy, lazy days of summer hit the northern New Hampshire housing market

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 h
Read MoreSenior-held home equity bounces back in Q1 2024: NRMLA

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 ho
Read MoreShared equity provider EquiFi names Paul Giangrande to head mortgage division

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 e
Read MoreEasy Street Offers expands operations into nine new states

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, P
Read MoreNHC head blasts Supreme Court ruling on homelessness

The U.S. Supreme Court on Friday ruled that U.S. cities have the authority to ban homeless people from sleeping outside, in a case brought against a city in Oregon that sought protection for homeless residents under the Eighth Amendment to the U.S. Constitution.Challengers to the position of Grants
Read MoreCan you afford to buy a home while supporting parents and children?

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
Read MoreFHFA appoints inaugural members of affordable housing advisory committee

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 Lo
Read MorePresidential debate is light on housing news

During Thursday night’s historic presidential debate broadcast by CNN, housing issues only came up briefly, and only from one candidate. The debate was the first in decades not to be sponsored by the bipartisan Commission on Presidential Debates, the first presidential debate with a commercial break
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In the constantly evolving real estate landscape, Multiple Listing Services (MLSs) today face a significant challenge: agent attrition. As interest rates have remained comparatively high and property prices have soared, the for-sale market has stalled, resulting in many agents now selling only a few
Read More Dominion Financial launches third-party origination program for investment properties

Dominion Financial Services, a Baltimore-based private lender with products tailored to real estate investors, has launched a third-party origination program for mortgage brokers, according to an announcement on Thursday.“This marks a significant milestone in the company’s commitment to expanding it
Read MoreGinnie Mae releases anticipated ‘HMBS 2.0’ term sheet

Ginnie Mae on Thursday released a new term sheet for its proposed Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) offering, which is an additional program that the company and reverse mortgage industry alike have referred to as “HMBS 2.0.”Last month at a National Reverse Mortgage Len
Read MoreThis sleepy Texas town is the best for buying waterfront property

The great state of Texas may not be the first place that comes to mind when it comes to buying waterfront real estate, but a little town near Austin has been judged as the best one for it.That’s according to a new study from Virtual Staging AI, which named Lakeway, Texas, as the best location in the
Read MoreDBRS Morningstar reaffirms ‘good’ reverse originator rating for Longbridge

Global credit rating agency DBRS Morningstar this week assigned a “good” rating to Longbridge Financial, reconfirming the ranking the company first achieved in 2021.The rating is officially classified as “MOR RVO2” by Morningstar. The agency noted that in 2023, Longbridge acquired or originated more
Read MoreCourt stays two New York-based commission lawsuits

Taking a similar approach to Judge Patti B. Saris, who is overseeing the Nosalek suit, New York-based Magistrate Judge Robert W. Lehrburger has decided to stay the March and Friedman commission lawsuits.Both suits were filed in federal court in New York City and accuse real estate industry players o
Read MoreBright MLS, SentriLock join forces on showing service technology

Bright MLS and SentriLock are teaming up in the hopes of strengthening showing service technologies, the companies announced on Thursday.Through the strategic partnership, SentrilLock will provide its showing service platform to Bright subscribers. In addition, SentriLock will integrate REalchemy’s
Read MoreSupreme Court limits SEC enforcement by striking in-house courts

The U.S. Supreme Court on Thursday announced a decision that strips the Securities and Exchange Commission (SEC) of its ability to try civil financial fraud cases in its in-house court system, ruling that defendants in these cases have the right to a trial by jury under the U.S. Constitution.Other r
Read MoreOptimal Blue releases new data license product for mortgage pricing

Mortgage data provider Optimal Blue this week announced the launch of Competitive Data License, a product that is designed to help lenders price loans accurately and drive profitability. In its announcement, the Texas-based company described the product as “a collection of key national mortgage pric
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