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Tim Hudak to Step Down as CEO at Ontario Real Estate Association

Tim Hudak to Step Down as CEO at Ontario Real Estate Association

by Phil Hall | Jul 26, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Tim Hudak has announced he is stepping down as CEO of the Ontario Real Estate Association (OREA) on Aug. 2. Hudak joined OREA in 2016 after a political career that culminated in his 2009 appointment as the leader of the Progressive Conservative Party of Ontario. Hudak...
Rent2Cash Closes on $3.25 Million Pre-Seed Round

Rent2Cash Closes on $3.25 Million Pre-Seed Round

by Phil Hall | Jul 26, 2024 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Rent2Cash, an Italian start-up that offers up to three years in “rental advance” services to landlords, announced its closing on a €3 million (roughly $3.25 million) pre-seed round and the launch of its operations in Italy. Rent2Cash offers upfront payouts of up to...
Wisconsin Home Prices Rise Amid Declining Sales and Fewer New Listings

Wisconsin Home Prices Rise Amid Declining Sales and Fewer New Listings

by Phil Hall | Jul 26, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Affordable homeownership continued to be an elusive concept in Wisconsin as declines in home sales and new listings fueled an increase in home prices. According to new data from the Wisconsin Realtors Association (WRA), June’s home sales were down 10.5%...
Mr. Cooper Pays $1.4 Billion For Flagstar’s Mortgage Operations

Mr. Cooper Pays $1.4 Billion For Flagstar’s Mortgage Operations

by Phil Hall | Jul 26, 2024 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Dallas-headquartered Mr. Cooper Group Inc. (NASDAQ: COOP) is acquiring the mortgage operations of Flagstar Bank for $1.4 billion. The acquisition encompasses Flagstar’s MSRs, advances, subservicing contracts, and a third-party origination platform. The purchase will...
MBA: Homebuyer Affordability Conditions Improve

MBA: Homebuyer Affordability Conditions Improve

by Phil Hall | Jul 26, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Homebuyer affordability was slightly less onerous last month as the national median payment applied for by purchase loan applicants decreased to $2,167 from $2,219 in May, according to new data from the Mortgage Bankers Association (MBA). However, on a year-over-year...
Donald Cherry Named VP of Sustainability at eXp Realty

Donald Cherry Named VP of Sustainability at eXp Realty

by Phil Hall | Jul 26, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

eXp Realty, the Bellingham, Washington-based subsidiary of eXp World Holdings Inc. (NASDAQ: EXPI), has hired Donald Cherry as vice president of sustainability. In his new role, Cherry will be responsible for developing a comprehensive sustainability program for the...
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