The past year may have been a turbulent one for HomeServices of America, but according to executive vice president Chris Kelly, this just means the company is in an even better position heading into 2025.“When I look back on this year, for me and I think for HomeServices too, it emphasized something

Removing the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac from federal conservatorship — where they have been since the aftermath of the 2008 financial crisis — has been a longtime priority of Republican leaders in government. President-elect Donald Trump has spoken about it du

Michigan-based United Wholesale Mortgage (UWM) has launched a new pricing incentive, offering 60 basis points (bps) to its broker partners for the next 60 days, a period when mortgage market activity typically slows due to the holiday season. The program, dubbed “60bps for 60 Days,” applies to both

Top 10 mortgage lender Rate — previously known as Guaranteed Rate — announced a new promotion on Wednesday. The company named veteran mortgage professional Connie Lindsay as its senior vice president of mortgage lending in Washington state.Lindsay is the latest addition to Rate’s evolving leadership

With technology rapidly advancing, Zumper is the latest company in the real estate industry to dive into artificial intelligence (AI) assistants.The rental portal this week launched an AI assistant named Zoe, which according to the company can answer “virtually any renter question about a property o

While there has been something of a “yo-yo” of gains and losses in the reverse mortgage industry’s performance metrics for the past several months, some mixed signals on the horizon — such as higher interest rates that could depress origination volumes along with the potential implementation of HMBS

Pretium Partners, a New York City-headquartered investment firm, announced Tuesday that its adding a new senior managing director to lead its business optimization efforts.Sebastiano “Sid” Visentini will join Pretium following a 16-year career at New York City-based Morgan Stanley. Visentini recentl

If housing industry professionals are looking for an early Christmas gift, they might receive it in the next two weeks if key economic indicators move in the right direction.At HousingWire’s Mortgage Rates Center on Tuesday, the 30-year conforming rate averaged 6.98%. That was down 4 basis points (b

Influential advocacy group AARP has highlighted several of its current lobbying priorities, which include a focus on making it easier for retirees to age in place in their current homes across various states.In Indiana, for instance, aging in place is a central pillar of a recently published advocac

While much has been said about the so-called “Department of Government Efficiency” to be led by billionaire Elon Musk and former presidential candidate Vivek Ramaswamy, much of the focus has been levied at programs the new entity will aim to cut. But programs under the purview of the U.S. Department

The Federal Housing Administration (FHA) this week published a final Mortgagee Letter (ML), 2024-23, that requires lenders to report a cybersecurity breach within 36 hours of being detected. While the FHA posted a draft version of the ML online in September to seek feedback, the agency stated that t

One week after it was granted final approval, the National Association of Realtors’ (NAR) commission lawsuit settlement agreement is facing more challenges.On Monday, settlement objector and University of Buffalo law professor Tanya Monestier filed a motion to intervene in the Sitzer/Burnett suit. A

In one of its final regulatory efforts under the Biden administration, the Consumer Financial Protection Bureau (CFPB) proposed a new rule on Tuesday that aims to protect consumer financial data from misuse by limiting its sale by data brokers. The proposal has drawn criticism from industry trade gr

Global analytics software leader FICO on Tuesday announced the launch of the first-ever government-issued mortgage-backed security (MBS) with loans originated using FICO Score 10 T. The MBS pool was issued by Cardinal Financial and included loans from the U.S. Department of Veterans Affairs (VA). FI

President-elect Donald Trump’s plan to deport millions of undocumented immigrants could threaten one of the few bright spots in housing over the last few years: new home construction. Mass deportations would hit homebuilders and others in the construction sector with labor shortages, as a recent Red

In a new episode of the “Real Estate Insiders Unfiltered Podcast,” hosts James Dwiggins and Keith Robinson speak with Collabra Technology CEO Russ Cofano to dive into cooperative compensation and the National Association of Realtors‘ (NAR) Clear Cooperation Policy (CCP), among other subjects.This co

The reverse mortgage division of Rate, formerly known as Guaranteed Rate, has been on a mission to bolster its market presence for the past few years. According to Home Equity Conversion Mortgage (HECM) endorsement data compiled by Reverse Market Insight (RMI), the company grew its endorsement volum

Compass is heading into the final weeks of 2024 with a bang. On Monday, the firm announced its plan to acquire Christie’s International Real Estate and @properties. According to a press release, the merger is expected to close in 2025 and is subject to regulatory approval.In an 8-K filing with the S

It can be tricky talking about the national housing market when different parts of the country have very different market dynamics. Nationally, home prices will finish 2024 with an increase of about 5% over the previous year, despite historically low home sales and that there are 27% more homes unso