Top Headlines
Former Deloitte Executive Kenny M. Smith Named CEO at Freddie Mac
Freddie Mac (OTCQB: FMCC) announced the appointment of Kenny M. Smith as CEO, effective today. He also will serve as a member of the company’s board of directors. The previous CEO, Biden-appointee Diane Reid, was fired in March by Bill Pulte, the Federal Housing...
New Coalition Seeks to Protect Quartz Industry Jobs
“The US quartz industry is an American success story built by small and family-owned American businesses,” said Rupesh Shah, co-CEO of the distributor M S International. Continue Reading New Coalition Seeks to Protect Quartz Industry Jobs
Syracuse University Launches Master of Science Real Estate Program
The one-year, on-campus program can be completed in one calendar year, with flexibility for students who prefer a longer timeline. Continue Reading Syracuse University Launches Master of Science Real Estate Program
Gov. DeSantis Hints at Special Legislative Session Aimed at Property Tax Relief
Holding a special session does not guarantee that any legislation would pass. Continue Reading Gov. DeSantis Hints at Special Legislative Session Aimed at Property Tax Relief
FinCEN Delays Implementing Residential Real Estate Transfers Rule
The RRE Rule was announced in August 2024 and slated to go into effect on Dec. 1. Continue Reading FinCEN Delays Implementing Residential Real Estate Transfers Rule
Finance of America Reverse Debuts HomeSafe Second Line of Credit
The product is now available in California, with a further rollout planned in the coming weeks. Continue Reading Finance of America Reverse Debuts HomeSafe Second Line of Credit
Mortgage Application Activity Slows Amid Decline in Refinancing
The VA share of total applications increased to 16.1% from 15.9%. Continue Reading Mortgage Application Activity Slows Amid Decline in Refinancing
Partnership Between loanDepot and Betenbough Companies Creates New Mortgage Lender
Betenbough Companies is the parent of Betenbough Homes, which has Texas-based operations in Amarillo, Lubbock, Midland, and Odessa. Continue Reading Partnership Between loanDepot and Betenbough Companies Creates New Mortgage Lender
Mortgage Application Payments Decreased in February
“Unfortunately, this month’s turmoil in the Middle East has put upward pressure on mortgage rates, which in turn could impact overall affordability in the months ahead,” said MBA’s Edward Seiler. Continue Reading Mortgage Application Payments Decreased in February
Mortgage Rates Surge for Fourth Straight Week
The 30-year fixed-rate mortgage averaged 6.38% as of March 26. Continue Reading Mortgage Rates Surge for Fourth Straight Week
Fannie Mae to Back New Crypto-Backed Mortgages
The new mortgages will be originated and serviced by Better, with Bitcoin and USDC pledges powered by Coinbase. Continue Reading Fannie Mae to Back New Crypto-Backed Mortgages
FHFA’s Pulte Files New Criminal Referrals Against NY AG Letitia James
The new criminal referrals follow the Trump administration’s failed efforts to secure a mortgage fraud indictment against James. Continue Reading FHFA’s Pulte Files New Criminal Referrals Against NY AG Letitia James
Mortgage Delinquency Rate Inches Up to 3.72%
A total of 35,000 foreclosure starts were recorded last month, down 16% from January but up 7% from February 2025. Continue Reading Mortgage Delinquency Rate Inches Up to 3.72%
Sen. Hawley Begins Investigation into FICO’s Mortgage Credit Score Pricing
“An 88% operating margin and a compound annual growth rate of 100% in per-score pricing over five years are not hallmarks of a competitive market,” the senator said. Continue Reading Sen. Hawley Begins Investigation into FICO’s Mortgage Credit Score Pricing
Mortgage Application Activity Drops by 10.5%
The FHA share of total applications increased to 19.7% from 19.4% the week prior. Continue Reading Mortgage Application Activity Drops by 10.5%
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