There was good news on the application front last week, according to the latest data from the Mortgage Bankers Association. The Market Composite Index, the trade group’s measure of mortgage loan application volume, was up by 5.4% on a seasonally adjusted basis from...
A 100-year-old San Francisco theater which has been shuttered for nearly two decades may soon be starting a new chapter as a 76-unit affordable housing complex. According to a report in the San Francisco Chronicle, the Alexandria Theater in the city’s Richmond...
August’s home sales were up 7.4% from July but were down 13.1% from August 2022, according to new data from RE/MAX (NASDAQ:RMAX). Of the 50 metro areas surveyed by RE/MAX, only two markets recorded a year-over-year sales increase: Bozeman, Montana, at 12% and Dover,...
Haven Servicing Inc., a New York City-based mortgage servicing technology provider, has named Daniel Wallace as its new CEO. Wallace succeeds company co-founder Jonathan Chao, who will transition to the role of chief product officer. Wallace joins Haven from Figure...
The Consumer Financial Protection Bureau (CFPB) has issued a guidance related to legal requirements that lenders must follow when using artificial intelligence (AI) and other complex models. The CFPB noted that creditors often use complex algorithms with large...
The total number of mortgage loans now in forbearance fell by 6 basis points month-over-month to 0.33% as of Aug. 31, according to data from the Mortgage Bankers Association (MBA). Roughly 165,000 homeowners are currently in forbearance plans. During August, the share...
Real Completes RE/MAX Acquisition, Creating Real REMAX Group
