Four congressional lawmakers – Reps. Mark Alford (R-MO), J. Luis Correa (D-CA), Tracey Mann (R-KAN) and Brittany Pettersen (D-CO) – have partnered to launch the Bipartisan Congressional Real Estate Caucus. In launching the caucus, the lawmakers noted that real estate...
Rocket Companies (NYSE: RKT), the Detroit-based parent company of Rocket Mortgage, has hired Shawn Malhotra as its first group chief technology officer. In his new role, Malhotra will oversee the development and implementation of technology across the entire Rocket...
Nearly half of U.S. homebuyers have stopped looking for residential property due to elevated interest rates, according to a new survey published by Discover Home Loans, a division of Discover Financial Services (NYSE: DFS) In a nationwide survey of 1,500 adults, 84%...
Sidekick, a generative AI assistant designed for real estate professionals, announced a first-of-its-kind partnership with the San Francisco Association of Realtors (SFAR) to bring the platform’s integrated datasets and workflows to the organization’s more...
The Federal Home Loan Bank of Chicago (FHLBank Chicago) is now accepting applications for the 2024 Affordable Housing Program (AHP) General Fund. This year’s AHP General Fund’s available subsidy per-project has doubled from $1 million to $2 million. The FHLBank...
Provo, Utah-headquartered Capital Community Bank (CCBank) has acquired Security Home Mortgage (SHM), based in Orem, Utah. The financial terms of the deal were not disclosed. SMH was founded in 1999 and will become an independently operated subsidiary division of...
Hits and Misses for the Real Estate Week of June 8-12
