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New Chief Operating Officer at Ginnie Mae

New Chief Operating Officer at Ginnie Mae

by Phil Hall | Apr 17, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

Ginnie Mae has appointed Joseph M. Gormley as executive vice president and chief operating officer. In his new job, Gormley will lead Ginnie Mae’s strategic initiatives, operational functions, and risk management efforts. Gormley previously held several senior roles...
eXp Realty Releases Advisory Form for Sellers Planning a Private Listing

eXp Realty Releases Advisory Form for Sellers Planning a Private Listing

by Phil Hall | Apr 16, 2025 | News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

eXp Realty, a subsidiary eXp World Holdings Inc. (NASDAQ: EXPI), has rolled out its open-sourced “Seller Advisory: Risks of Limited Market Exposure” form. Billed as the “first-of-its-kind resource,” the new form is being made available to every brokerage, portal, and...
Inbound Migration to Sun Belt States Waned in 2024

Inbound Migration to Sun Belt States Waned in 2024

by Phil Hall | Apr 16, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Fewer new residents were moving into Florida, Texas and other Sun Belt states during 2024, according to a new data report from Redfin (NASDAQ: RDFN). Among the region’s major metro areas, Tampa recorded a net inflow of just over 10,000 residents last year, less than...
Builder Confidence Records a Scant Uptick Amid Tariff Jitters

Builder Confidence Records a Scant Uptick Amid Tariff Jitters

by Phil Hall | Apr 16, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Builder confidence in the market for newly built single-family homes was up slightly this month, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The April HMI registered as 40, up one point from March; any number...
Canadian Housing Starts Down in March

Canadian Housing Starts Down in March

by Phil Hall | Apr 16, 2025 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Housing starts for the nationwide Canadian market totaled 214,155 units in March, down 3.3% from 221,405 units in February. According to Canada Mortgage and Housing Corporation (CMHC), housing starts were down 12.5% year-over-year in centers with a population of...
Leadership Shifts at American Financial Resources

Leadership Shifts at American Financial Resources

by Phil Hall | Apr 16, 2025 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

American Financial Resources (AFR), a national mortgage lender headquartered in Parsippany, New Jersey, announced the promotion of Robert Pieklo to CEO and Michael Brenning to chief operating officer (COO). Pieklo joined AFP as COO in February 2024 following its...
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