Blend launches lower-cost option for retail IMBs
Mortgage tech firm Blend has launched a lower-cost version of its mortgage suite for retail independent mortgage banks, the company announced this week.
This...
Democrats introduce bills to ban hedge funds from single-family housing market
Democratic lawmakers in both the U.S. House of Representatives and the U.S. Senate have introduced bills in their respective chambers designed to ban...
Existing-home sales have nowhere to go but up in 2024?
Elevated mortgage rates and high home prices pushed sales of existing homes down again in October to the lowest monthly pace since August...
With increased offer, Rithm now expected to close on Sculptor
New York-based Rithm Capital, the parent company of Newrez, has received the blessing of Sculptor’s founder Daniel S. Och and his group to acquire the asset management firm...
Mortgage rates continue to slide toward 7%
Mortgage rates continued on their downward path as HousingWire’s Mortgage Rates Center showed the average 30-year fixed rate for conforming loans at 7.34%...
HUD publishes several changes to reverse mortgage handbook section
The U.S. Department of Housing and Urban Development (HUD) on Monday published a new version of its Single Family Housing Handbook 4000.1, which...
PennyMac announces proposed private offering of $650M in senior notes
California-based multichannel lender and servicer PennyMac Financial Services announced on Monday a proposed private offering of a $650 million aggregate principal amount of...
How to empower agents and grow your brand in the wake of commission lawsuits
We’ve all experienced that liberating feeling when you confront a serious issue with an honest and open conversation. It’s like a weight lifted...
Fannie Mae Selling Guide update prohibits family members’ job offers in transactions
The newly-updated Fannie Mae November Selling Guide now bars job offers or contracts for future employment from family members or interested parties involved...
Why regular check-ins are the unsung heroes of agent retention
A common thought among brokers revolves around the idea that if your gross commission income or office size is not increasing, you’re not...
