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Planet Home Lending Acquires Platinum Home Mortgage Corp.

Planet Home Lending Acquires Platinum Home Mortgage Corp.

by Phil Hall | Jun 1, 2023 | News/Current Events, Real Estate News, U.S. Housing Market

Planet Home Lending LLC, a Meriden, Connecticut-headquartered mortgage lender and servicer, announced the asset acquisition of retail lender Platinum Home Mortgage Corp., based in Hoffman Estates, Illinois. According to the companies, Planet will acquire the majority...
Real Estate ESG Platform Measurabl Closes $93 Million Series D Funding

Real Estate ESG Platform Measurabl Closes $93 Million Series D Funding

by Phil Hall | Jun 1, 2023 | News/Current Events, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

Measurabl, a San Diego-based company that offers an environmental, social and governance (ESG) technology platform for the real estate industry, announced the close of its $93 million Series D round of funding. According to the company, the round was oversubscribed....
Elon Musk Rebuked by Redfin’s CEO Over ‘Melting Down Fast’ Tweet on Home Values

Elon Musk Rebuked by Redfin’s CEO Over ‘Melting Down Fast’ Tweet on Home Values

by Phil Hall | May 31, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Elon Musk’s prediction that the U.S. residential real estate market is on the cusp of a collapse received a sharp rebuke from Glenn Kelman, CEO of the brokerage Redfin (NASDAQ:RDFN). On Monday afternoon, the Tesla (NASDAQ:TSLA) chieftain offered a doom-and-gloom...
Mortgage Application Activity Continues to Decline

Mortgage Application Activity Continues to Decline

by Phil Hall | May 31, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Americans were not rushing to fill out mortgage applications last week. The Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of mortgage loan application volume, decreased 3.7% on a seasonally adjusted basis for the week ending May 26 compared to...
GOP Governors Call on Biden to Rescind LLPA Changes

GOP Governors Call on Biden to Rescind LLPA Changes

by Phil Hall | May 31, 2023 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A coalition of 18 Republican governors called on the Biden administration to reverse the Federal Housing Finance Agency’s (FHFA) changes to the Fannie Mae and Freddie Mac loan level pricing adjustment (LLPA) structure for borrowers seeking a mortgage. “The new LLPA...
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