Top Headlines
District of Columbia in $3.3 Million Settlement with Title Insurance Firms Over Kickback Schemes
The four companies were accused of violating the District’s Consumer Protection Procedures Act. Continue Reading District of Columbia in $3.3 Million Settlement with Title Insurance Firms Over Kickback Schemes
California Senate Approves Bill to Expand Down Payment Program to Illegal Immigrants
It is uncertain if Gov. Newsom will sign or veto the bill. Continue Reading California Senate Approves Bill to Expand Down Payment Program to Illegal Immigrants
Florida Realtors Award $242K in Scholarships
All the scholarship recipients are Florida residents. Continue Reading Florida Realtors Award $242K in Scholarships
Did a Russian Ransomware Gang Breach the Federal Reserve?
Cybersecurity experts are skeptical that any attack transpired. Continue Reading Did a Russian Ransomware Gang Breach the Federal Reserve?
Data Study Warns of Widespread Brokerage Unprofitability After NAR Settlement Goes Into Effect
If commission percentages dropped to 2%, then 79% of the companies in this analysis would be unprofitable. Continue Reading Data Study Warns of Widespread Brokerage Unprofitability After NAR Settlement Goes Into Effect
Mortgage refinance options for borrowers with bad credit
Source: Bankrate --- After a year dominated by continual mortgage rate increases, the pendulum has begun to swing in the opposite direction: Rates are slowly declining. As of early February, rates on a 30-year-mortgage had dropped to 6.3 percent. Though that’s nowhere...
HOMELENDIA MORTGAGE LLC LAUNCHES MORTGAGE BROKERAGE FRANCHISES
Feb. 8, 2023 (Staff Writer)- Homelendia Mortgage LLC, a new and innovative mortgage brokerage franchisor, is proud to announce its official launch and the availability of individual unit and regional opportunities for qualified individuals, teams, brokerages, and loan...
First five-year fixed mortgage under 4% since mini-budget launched by HSBC
Source: The Guardian --- Five-year fixed-rate mortgages priced at below 4% are back on sale for the first time since just after the disastrous autumn mini-budget. HSBC has repriced its range and introduced a new five-year fix at 3.99% for customers remortgaging who...
UWM Chairman and CEO Mat Ishbia to Buy NBA Team Phoenix Suns in $4bn Deal
Feb. 7, 2023 (Staff Writer)- Mat Ishbia, Chairman and CEO of mortgage lender United Wholesale Mortgage (UWM), received approval from the NBA Board of Governors to purchase a 57% share in the Phoenix Suns. Ishbia will be sharing ownership with his brother, Justin. Mat...
Economist who called 2008 housing crash predicts another 15% drop in home prices
Source: Fox Business --- A U.S. economist famous for predicting the 2008 housing crash believes that home prices could plunge another 15% this year. In a recent analyst note, Ian Shepherdson – the founder and chief economist of Pantheon Macroeconomics – suggested that...
ATTOM INTEGRATES PROBABILITY FOR DEFAULT ANALYTICS INTO ITS VAST PROPERTY DATA WAREHOUSE
Feb. 7, 2023 (Staff Writer)- ATTOM, a leading curator of real estate data nationwide for land and property data, today announced it has integrated propensity to default analytics into its U.S. property data warehouse. With this news, the ATTOM Table of Data Elements...
Yardi Launches New Solution to Qualify Affordable Housing Applicants
Feb. 7, 2023 (Staff Writer)- An automated service now available from Yardi will change the way many affordable housing providers verify the income and assets of applicants and residents. Yardi Verification Services is the latest innovation to the Yardi...
Leora Ruzin Tapped as Editor of Weekly RE News
SALT LAKE CITY -- February 6, 2023 -- Weekly Real Estate News, a publication dedicated to providing the best real estate and mortgage industry news and information available anywhere to the more than 1.25 million industry professionals who rely on it, has announced...
UWM APPOINTS ANDREW HUBACKER CHIEF FINANCIAL OFFICER
Feb. 6, 2023 (Staff Writer)- United Wholesale Mortgage (UWM), the #1 overall mortgage lender in America, has named Andrew Hubacker its new Chief Financial Officer. Hubacker will assume the position immediately and will oversee all financial aspects of the...
Roofstock onChain Sells home in Alabama as an NFT, Purchased on Ethereum platform using StableCoins
Feb. 06, 2023 (Staff Writer)- Roofstock, the leading digital real estate platform specializing in single-family rental (SFR) properties, today announced the sale of an Alabama rental property via a non-fungible token (NFT) enabled by Roofstock onChain (ROC), its web3...
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