Older adults and people with disabilities are often prone to financial distress, and they may require more resources to better understand their circumstances and options, according to a new report from the Government Accountability Office (GAO).Among a series of 24 examples of federal financial lite

The majority of respondents to a recent Zillow survey said they have experienced discrimination in housing, with racial minorities and members of the LGBTQ+ community among the groups reporting fair housing issues at even higher rates.Zillow surveyed more than 12,000 adults across 26 U.S. metro area

Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks lost an average of $1,056 on each loan they originated in 2023, down from an average loss of $301 per loan in 2022, according to data released Thursday by the Mortgage Bankers Association (MBA).This was the largest loss r

Real estate technology company reAlpha Tech Corp. launched Claire, a generative artificial intelligence-powered, zero-commission buyers’ agent chatbot, the company announced on Wednesday.Claire boasts a conversational interface to guide users through every step of the homebuying journey, from proper

Taylor Stork, president of the Community Home Lenders of America, speaks at The Gathering by HousingWire on Wednesday, April 25, 2024. Photo credit: AJ CanariaIt was initially billed as a discussion centered on the “biggest threats to a healthy mortgage landscape for homebuyers,” but some breaking n

Vetted by HousingWire  |  Our editors independently review the products we recommend. When you buy through our links, we may earn a commission.In 2024, agents have two choices; learn how to run your entire business from the apps on your phone or tablet, or find a new career. The days of running back

Keller Williams was named to an additional class-action lawsuit on Thursday that, like other recent cases, takes issue with alterations made to the brokerage’s profit-sharing program. In the past few weeks, 13 agents formerly affiliated with Keller Williams — Jerri Moulder, David Bueker, Robert Hill

The way that someone refers to the concept of diverse communities in their interactions with consumers and housing professionals can be a key indicator about their mindset. Antiquated terminology should be checked and minimized for anyone who wants to keep up with the times.That was one of the messa

Pennymac Financial Services earned a profit of $39.3 million in the first quarter of 2024, the California-based multichannel lender and servicer announced Wednesday.The company’s pretax gain in the first quarter was $43.9 million. That was less than the $38.1 million figure it posted during the same

Two former New Jersey-based mortgage loan originators have been charged with conspiracy to commit bank fraud by the U.S. Attorney’s Office, District of New Jersey according to an announcement by the U.S. Department of Justice (DOJ) and U.S. Attorney Philip Sellinger.Christopher Gallo has been recogn

Vetted by HousingWire  |  Our editors independently review the products we recommend. When you buy through our links, we may earn a commission.While the real estate industry is forever in flux, one constant is that it’s a relationship business. One of the biggest challenges for agents is finding new

Florida-based wholesale lender A&D Mortgage appointed Satish Vishwakarma to the role of servicing manager, the company announced on Tuesday.In this new role, Vishwakarma will be responsible for overseeing the day-to-day operations of the mortgage servicing department. He will ensure the successful m

The U.S. Department of Housing and Urban Development (HUD) on Wednesday announced new initiatives to bolster community protections against severe heat, an issue that has become more common nationwide.“For the first time in its history, HUD published a webpage on Extreme Heat that serves as a hub hig

Mortgage lenders should get used to the concept of ”higher for longer” interest rates and work to bring profitability to their businesses, according to Stan Middleman, founder, president and CEO at Freedom Mortgage. ”Your interest rates are going to be higher for longer,” he said. ”This year will lo

Realty ONE Group International has joined six other real estate brokerages in settling the commission lawsuits. The firm announced on Wednesday that it has entered into a nationwide settlement agreement with the commission lawsuit plaintiffs.The settlement, which is still subject to court approval,

Figure Technology Solutions, the parent company of Figure Lending LLC, named Michael Tannenbaum as its new CEO, the company announced on Tuesday. Tannenbaum will also be a member of the board of directors. Meanwhile, Mike Cagney, the company’s co-founder and previous CEO, will continue to serve as e

Multichannel lender American Financial Resources (AFR) appointed Michael Brenning as its head of production and Brian Collins to the role of executive vice president of capital markets, the company announced Tuesday.Brenning will be responsible for driving loan volume growth and enhancing sales prod

Hilary Saunders speaks at The Gathering by HousingWire on Monday, April 22. Photo credit: AJ CanariaHilary Saunders, the co-founder and chief broker officer at Side, sees the current challenges facing the real estate industry as yet another opportunity for brokerage models to further evolve.“I think

Vetted by HousingWire  |  Our editors independently review the products we recommend. When you buy through our links, we may earn a commission.Is your license renewal on the horizon? Every 12 years, a cosmic thing happens, and agents in all 50 states come due for their real estate continuing educati