Mortgageball: Making a profit on $10,500 a loan

Open the door to the most powerful room in housing. Join us at The Gathering 2025 in Denver, CO, June 8-11. Go here to lock in special pricing with your registration.The promises of the 2018 housing industry aren’t the promises of today. That hot tech thing or product that you had to have in 2018?
Read MoreCommission lawsuits: The actions to take right now from brokers who are doing it

Open the door to the most powerful room in housing. Join us at The Gathering 2025 in Denver, CO, June 8-11. Go here to lock in special pricing with your registration.In this engaging panel session, hear directly from top industry leaders as they discuss their strategic responses to the commission la
Read MoreLOs and agents: Creating collaboration instead of chaos in the homebuyer journey

Open the door to the most powerful room in housing. Join us at The Gathering 2025 in Denver, CO, June 8-11. Go here to lock in special pricing with your registration.Join Abby Lee and Kelly Gill for a candid conversation on the dynamic relationship between LOs and real estate agents, with a focus on
Read MoreFlorida Realtors CEO: Providing value to your clients

Open the door to the most powerful room in housing. Join us at The Gathering 2025 in Denver, CO, June 8-11. Go here to lock in special pricing with your registration.Florida Realtors is known for the valuable services they offer members, including a Tech Helpline that is nationwide. Margy Grant will
Read MoreMajority homeownership: The future of housing is now

Open the door to the most powerful room in housing. Join us at The Gathering 2025 in Denver, CO, June 8-11. Go here to lock in special pricing with your registration.If you’re still saying minority homeownership, you’re already losing. It’s time to take a hard look at the data. Any player who will b
Read MoreWith elections ahead, housing policy analysts discuss the end of GSEs’ conservatorship

Housing policy analysts expect discussions about the U.S. debt limit and the end of tax breaks to dominate the fiscal agenda in Washington, D.C., in 2025, obscuring talks about a potential return of Fannie Mae and Freddie Mac to the private sector.In addition, considering the two leading candidates
Read MoreCertainty Home Lending adds national business development leader

Dallas-based Certainty Home Lending, an affiliate of Guaranteed Rate, named Shadi Kamran as its new national business development executive. Kamran is based in Los Angeles and will support Certainty’s strategy and sales performance. “Our comprehensive product suite offers solutions for virtually eve
Read MoreOlder Americans are ‘splurging’ on home modifications to support aging in place

The data is clear: Older adults, when contemplating future living arrangements, would prefer to remain in their homes as long as feasibly possible. But for those who own homes with features or layouts that may not be conducive to aging in place, some are taking proactive measures — and spending a lo
Read MoreSERHANT. appoints its first chief business officer

New York City-based brokerage SERHANT. is promoting its new development director, Jennifer Alese, to the position of chief business officer, The Real Deal reported on Monday.Alese will be the company’s first chief business officer, and Carolyn Sebba will replace Alese as the new development director
Read MorePlanet Home Lending appoints new chief information officer

Connecticut-based lender, servicer and asset manager Planet Home Lending has appointed Bill Shuler as executive vice president and chief information officer. In his new role, Shuler will focus on Planet’s technological growth and enhancements to its operational efficiency.“My focus has always been o
Read MoreVA to roll out temporary fix to buyer agent commission problem

The United States Department of Veterans Affairs will soon release a circular that “bridges the gap” on an agency law that prohibits a VA buyer from paying their real estate agent compensation, a VA official announced on Tuesday. Michelle Corridon, deputy policy director at the VA, announced at the
Read MoreNAF’s reverse division looks to tell new product stories with ‘Old Wives’

The reverse mortgage industry is no stranger to novel marketing campaigns, and it has often made use of celebrity spokespeople to drum up conversation about its products. While consistency can count for a lot when it comes to marketing and messaging, novelty can also be a path toward greater engagem
Read MoreWhy equity-tapping challenges may make reverse mortgages ‘inevitable’

Tapping into home equity, particularly for people in or near retirement, can be challenging — especially for those who may have a pressing need. Traditional equity-tapping methods — such as selling the home or taking out a home equity loan — could present lifestyle challenges, which is where alterna
Read MoreWells Fargo has a new home loan sales leader

Sandra Ho, a managing director at JPMorgan Chase, will join Wells Fargo next week as its head of home lending sales, Wells Fargo said in a statement Monday.It is a newly created role, and Ho will lead Wells Fargo’s consumer direct and distributed sales forces. She will report to Serhat Oztop, head o
Read MoreDOJ: Offers of agent compensation ’should not be made anywhere’

At a status hearing on Tuesday for the Nosalek commission lawsuit, a lawyer for the Department of Justice said the terms of the National Association of Realtors’ nationwide commission lawsuit settlement agreement represented “an improvement.” However, it remains unknown if the DOJ will file a statem
Read MoreRocket settles $3.5M lawsuit alleging unpaid employee overtime

Rocket Mortgage has entered into a settlement agreement with a group of current and former employees who have alleged the company did not provide sufficient overtime pay, according to court documents reviewed by HousingWire and reporting at Bloomberg Law.In a case filed in January 2023 in the U.S. D
Read MoreZillow’s new AI tool aims to promote equality in housing

Zillow announced the release of an open-source tool, the Fair Housing Classifier, on Tuesday as part of the company’s efforts to “promote responsible and unbiased behavior in real estate conversations powered by large language model (LLM) technology.“In a news release, Zillow explained that artifici
Read MoreSingle-family rental market continues to display strength

U.S. single-family rent growth strengthened overall in March despite some weaknesses in specific markets.Single-family rent increases in March 2024 registered a 3.4% year-over-year gain, unchanged from February, according to CoreLogic’s latest Single-Family Rent Index (SFRI). The SFRI analyzes singl
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Chopra says he is ‘open to’ reviewing the LO comp rule

Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB), is aware that some loan officers are taking creative — and, as detailed in a recent HousingWire investigation, often illegal — approaches to winning business. And he would be willing to reexamine the decade-old rule that proh
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