MLS executives imagine a world with no MLS
As the trial for Sitzer/Burnett, the first of the two bombshell class action buyer broker compensation anti-trust lawsuits, kicks off this week, the...
How the housing ecosystem can empower and educate borrowers about mortgage relief
Every borrower wants to believe their homeownership journey will be smooth sailing, without financial hardships or missed mortgage payments. But as the last...
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...
FinLocker and Milestones join forces in new partnership
Home management portals company Milestones and financial fitness platform FinLocker have announced a strategic partnership.
The aim of this partnership is to help convert...
Reverse mortgage volume and HMBS issuance improve in April
The refi market continues to be anemic as higher rates are persisting, with refi volume dropping 3.4% compared to the prior month. Seven...
Planet 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...
2023 was the worst year for homebuyers on record
High mortgage rates, a lack of inventory and elevated home prices have turned 2023 into the least affordable year for homebuyers on record....
Why aren’t there more new homes for sale?
From Census:
New Home Sales: Sales of new single‐family houses in October 2023 were at a seasonally adjusted annual rate of 679,000, according...
Philly Fed President Harker: “We are at the point where we can hold rates”
Philadelphia Federal Reserve President Patrick Harker advocated for stopping interest rate hikes, noting that disinflation is under way.
“I believe that we are at...
Closing in on Halloween, the housing market is still savagely unhealthy
The savagely unhealthy housing market continues to unfold as we approach Halloween. Sales are still falling, home prices keep rising, and inventory is...
