Real Estate Industry News & Insights
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NY Times Publishes Report on NAR Executives’ High Salaries and Lavish Spending
The report detailed how NAR’s leaders used corporate credit cards to buy tickets to the Broadway show “Hamilton” when it opened in 2015. Continue Reading NY Times Publishes Report on NAR Executives’ High Salaries and Lavish Spending
Jay Crowell Named National Retail Division President at Cornerstone Home Lending
He most recently served as president of the Pacific Northwest region. Continue Reading Jay Crowell Named National Retail Division President at Cornerstone Home Lending
Additional Reading: Top Real Estate Industry News & Headlines
Below, find popular recent real estate articles from top industry sources.
Zillow Promotes SVP Jun Choo to Chief Operating Officer
Zillow announced the departures of Susan Daimler and Matt Daimler, president of Zillow and senior vice president of product, respectively. Continue Reading Zillow Promotes SVP Jun Choo to Chief Operating Officer
Rocket Companies Fizzles with Q3 Loss of $481 Million
“Optimism is the ability to see the glass as half full,” said CEO Varun Krishna. Continue Reading Rocket Companies Fizzles with Q3 Loss of $481 Million
New Effort Seeks to Redirect Chicago Mayor’s $300 Million Property Tax Hike
Senior mayoral adviser Jason Lee said Johnson was willing to back “number of” revenue options in lieu of increasing property taxes. Continue Reading New Effort Seeks to Redirect Chicago Mayor’s $300 Million Property Tax Hike
Chrissi Rhea, Co-Founder and Chief Executive of Mortgage Investors Group, Passes Away
“She was the epitome of selflessness, giving not only her money but her time and gifts,” said her son, Kevin Rhea. Continue Reading Chrissi Rhea, Co-Founder and Chief Executive of Mortgage Investors Group, Passes Away
Mortgage Delinquency Rate Up Slightly from Last Year
The effects of Hurricanes Helene and Milton will likely impact the next quarterly report. Continue Reading Mortgage Delinquency Rate Up Slightly from Last Year
Mortgage Rates Up for Sixth Straight Week
The 30-year fixed-rate mortgage averaged 6.79% as of Nov. 7. Continue Reading Mortgage Rates Up for Sixth Straight Week
Mortgage Application Activity Down for Sixth Straight Week
The average loan size on a refinance application dropped below $300,000. Continue Reading Mortgage Application Activity Down for Sixth Straight Week
CFPB in Settlement with Townstone Financial Over Alleged Chicago Redlining
“This case should never have been brought,” said Steve Simpson of the Pacific Legal Foundation. Continue Reading CFPB in Settlement with Townstone Financial Over Alleged Chicago Redlining
NerdWallet Acquires Mortgage Brokerage Next Door Lending
Next Door Lending’s president and co-owner is Jonathan Haddad, who is also chairman and chief executive of AIME. Continue Reading NerdWallet Acquires Mortgage Brokerage Next Door Lending
Mortgage Application Payments Down in September
Homebuyer affordability improved last month as the national median payment applied for by purchase applicants dropped by 0.8% from $2,057 in August to $2,041 in September, according to the Mortgage Bankers Association's (MBA) Purchase Applications Payment Index. The...
Mortgage Rates Up for Fifth Straight Week
The 30-year fixed-rate mortgage averaged 6.72% as of Oct. 31. Continue Reading Mortgage Rates Up for Fifth Straight Week
Nearly Half of Recent Homebuyers Secured Mortgage Rates Below 5%
Mortgage rates were at a historic low of 2.65% in 2021 before soaring to decade-long highs of 7.79% in the fall of 2023. Continue Reading Nearly Half of Recent Homebuyers Secured Mortgage Rates Below 5%
Mortgage Application Activity Flattens Out
The refinance share of mortgage activity decreased to 43.1% of total applications. Continue Reading Mortgage Application Activity Flattens Out
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CMBS DELINQUENCY RATE DROPS BY FIVE BASIS POINTS. Learn more at https://wrenews.com/cmbs-delinquency-rate-drops-by-five-basis-points/
JEF CONN NAMED 2024 BOARD CHAIRMAN OF TEXAS REALTORS. Learn more at https://wrenews.com/jef-conn-named-2024-board-chairman-of-texas-realtors/
MBA’S BROEKSMIT EXPRESSES ‘SIGNIFICANT CONCERN’ OVER PAUSING FORECLOSURES ON VA-GUARANTEED LOANS. Learn more at https://wrenews.com/mbas-broeksmit-expresses-significant-concern-over-pausing-foreclosures-on-va-guaranteed-loans/
