Top Headlines
Compass Joins the American Real Estate Association
“Competition makes every industry better,” said Robert Reffkin, chairman and CEO of Compass International Holdings. Continue Reading Compass Joins the American Real Estate Association
Lowe’s Foundation Awards $8 Million in Grants to Expand Skilled Trades Education
The Gable Grants program creates and expands partnerships with nonprofits and community colleges to increase training capacity and connect more people with skilled trades careers. Continue Reading Lowe’s Foundation Awards $8 Million in Grants to Expand Skilled Trades Education
Dream Finders Homes Offers to Acquire Beazer Homes for $704 Million
Millrose Properties announced its intent to provide land banking capital to support the proposed acquisition of Beazer Homes. Continue Reading Dream Finders Homes Offers to Acquire Beazer Homes for $704 Million
The Real Brokerage Acquires RE/MAX Holdings for $880 Million
Going forward, the new Real REMAX Group will be headquartered in Miami with significant operations remaining in the Denver area. Continue Reading The Real Brokerage Acquires RE/MAX Holdings for $880 Million
California’s Partner Real Estate Joins LPT Realty
“We believe LPT gives Rudy Kusuma and the Partner Real Estate team the competitive edge in flexibility, tools, and infrastructure to accelerate their wins,” said Michael Valdes, CEO of LPT International. Continue Reading California’s Partner Real Estate Joins LPT Realty
Mortgage Credit Availability Improved Slightly in May
“Mortgage rates reached nine-month highs over the month, which put pressure on homebuyers and reduced the demand for refinancing,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Improved Slightly in May
John McNeill Joins MAXEX as CFO
He recently served as CFO of the fintech Spring Oaks Capital. Continue Reading John McNeill Joins MAXEX as CFO
M&A News Reconfigures Mortgage Banking Industry
The financial terms of the two transactions were not disclosed. Continue Reading M&A News Reconfigures Mortgage Banking Industry
Former Mayor of NJ Town Sentenced in Mortgage Fraud Case
Both defendants were also ordered to pay restitution to the victims in the total amount of $221,9862.71. Continue Reading Former Mayor of NJ Town Sentenced in Mortgage Fraud Case
Suspended NYC Attorney Indicted for Stealing Over $1 Million in Mortgage Refinancings
Jose Polanco returns to court on July 15 and faces up to 8.33 to 25 years in prison if convicted. Continue Reading Suspended NYC Attorney Indicted for Stealing Over $1 Million in Mortgage Refinancings
Mortgage Rates Down Slightly
The 30-year fixed-rate mortgage averaged 6.48% as of June 4, down from last week when it averaged 6.53%. Continue Reading Mortgage Rates Down Slightly
Better and Coinbase Announce First Fannie Mae-Backed Mortgage Involving Bitcoin
The companies gave no details on the depth and scope of the mortgage. Continue Reading Better and Coinbase Announce First Fannie Mae-Backed Mortgage Involving Bitcoin
Mortgage Application Activity Declines by 2.5%
The FHA share of total applications dipped to 17.0% from 17.2% the week prior. Continue Reading Mortgage Application Activity Declines by 2.5%
REIT Executive Indicted for Misrepresenting Income on Mortgage Application
If convicted, Brandon “Dutch” Mendenhall faces a maximum penalty of 20 years in federal prison. Continue Reading REIT Executive Indicted for Misrepresenting Income on Mortgage Application
New ICE Fraud Monitor Aims to Reduce Risk in Underwriting
The new tool is integrated directly with Encompass, ICE’s loan origination system (LOS), to centralize fraud risk scoring and property risk data in a user-friendly dashboard. Continue Reading New ICE Fraud Monitor Aims to Reduce Risk in Underwriting
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