Tidalwave announces new hires to lead mortgage technology sales

Tidalwave, a mortgage technology startup that’s integrated with Fannie Mae and Freddie Mac, announced Monday that it has hired a pair of industry veterans to bolster its sales team.John Stephenson has joined Tidalwave as its head of national sales, while Frank Pastirchak is the company’s new account
Read MoreRocket lays off 2% of workforce after closing Redfin acquisition

Detroit-based Rocket Companies confirmed a company-wide layoff on Friday, just weeks after completing its $1.75 billion all-stock acquisition of real estate brokerage Redfin. The cuts affected roughly 2% of the firm’s workforce.“Following the Redfin acquisition, we carefully reviewed our combined st
Read MoreTwo Idaho brokerages, agents named in RICO suit

Real estate agents at two Bonner County, Idaho-based brokerages are facing charges of breaching fiduciary duty and engaging in a racketeering scheme with developers to sell defective homes. The suit was filed on Friday in U.S. District Court in Boise by plaintiffs David and Linda Wittwer, The Wittwe
Read MoreFor sale signs multiply: Inventory hits 5-year high, price cuts surge

Mortgage spreads are almost back to normal
In a week marked by discussions of the potential firing of Federal Reserve Chair Jerome Powell and inflation data, mortgage rates remained relatively calm, thanks to improvements in mortgage spreads.Mortgage spreads have improved significantly since 2023, leaving us just 0.49% from normal levels, ba
Read MoreTech Pulse: Realtor.com acquires Zenlist; Zillow unveils new tools

Welcome back to Tech Pulse — HousingWire‘s weekly series rounding up the latest in technology news, including tools, integrations and trends that impact mortgage and real estate.Here’s what happened this week:Realtor.com parent Move acquires ZenlistRealtor.com parent Move Inc. has acquired Zenlist,
Read MoreRayse expands platform with new home seller tools

Real estate technology company Rayse has launched a seller-focused module aimed at helping listing agents provide clearer communication and real-time updates to clients throughout the sales process.The new tool is the company’s first major product expansion since its 2024 launch. Originally focused
Read MoreRealPage acquires Livble, expanding rent payment options

Property management software company RealPage has acquired Livble, a flexible rent payment provider, in a move that expands RealPage’s reach into financial tools for renters and property managers. Financial terms of the deal were not disclosed.The deal brings Livble’s installment-based rent payment
Read MoreSingle-family construction is getting worse due to rates
Today’s housing starts report from the Census Bureau shows that Federal Reserve policy remains too restrictive for housing production to grow, which in the long run impacts the fight against inflation. This is why the data on single-family construction is not improving; in fact, it is getting worse.
Read More3 charts that show why renters struggle to become homeowners
Record-high home prices and persistently elevated mortgage rates have made the housing market difficult for homebuyers and the industry alike — and not even this year’s significant growth in supply seems to be helping.It’s been particularly difficult for prospective buyers who are currently renters,
Read MoreBetter Homes and Gardens Real Estate adds Tennessee affiliate

A west Tennessee firm has joined the Better Homes and Gardens Real Estate network — marking the brand’s continued expansion in the region.Conner Real Estate LLC, founded in 2011 by Joey Conner, is now operating under the name Better Homes and Gardens Real Estate Conner.The firm serves a wide swath o
Read MoreYounger homebuyers turn to social media, AI and each other

Faced with high housing costs, economic instability and declining trust in traditional lending institutions, younger generations are redefining how they approach homeownership.A newly released NextGen Homebuyer Report — compiled by National Mortgage Insurance and financial literacy nonprofit FirstHo
Read MoreWhich is better for mortgage — FICO or VantageScore?

VantageScore and FICO have escalated their rivalry in the mortgage space following the Federal Housing Finance Agency’s (FHFA) decision to allow Fannie Mae and Freddie Mac to purchase loans underwritten with VantageScore 4.0 as an alternative to the Classic FICO score. Both companies published analy
Read MoreMutual of Omaha expands proprietary reverse mortgage offering to more states

After launching a new proprietary loan product this spring, one of the nation’s leading reverse mortgage lenders has expanded the offering this week to more states.Mutual of Omaha Mortgage announced on Friday that its SecureEquity+ product, which became available in April to eligible California and
Read MoreHomebuilding declines are deepening as headwinds get stronger
New-home sales have been a relative bright spot in an otherwise stagnant housing market. But that’s changing and homebuilders recognize it.According to June 2025 data released Friday by the U.S. Census Bureau, single-family home construction is down year over year at every stage of the process. This
Read MoreJudge dismisses Maryland appraisal discrimination case and defamation countersuit

A federal judge has dismissed the claims of both the plaintiffs and defendants in an appraisal discrimination lawsuit that garnered national attention when it was filed in 2022.Nathan Connolly and Shani Mott — Maryland homeowners who are Black — sued appraiser Shane Lanham, his company 20/20 Valuati
Read MoreReal Brokerage adds Coastline, a top San Diego team

Coastline Real Estate Group, a 13-agent real estate team based in San Diego County, California, has joined The Real Brokerage.The team is led by Raymond Fraser and Shaylie Gilliland, who previously worked together on one of California’s top-ranked real estate teams.Since founding Coastline in late 2
Read MoreRealtors Relief Foundation sends $500K to Texas flood victims

The nonprofit Realtors Relief Foundation (RRF) has allocated $500,000 to assist residents in south central Texas following recent floods that took the lives of more than 130 people and displaced families across the region.The funding — distributed through Texas Realtors and eight local associations
Read MorePhillip Cantrell’s book offers blueprint for real estate entrepreneurship

Veteran entrepreneur Phillip Cantrell distills four decades of hard-won business wisdom into his newly released book, “Failing My Way to Success: Lessons from 42 Years of Winning (and Losing) in Business,” which officially launched July 15.The founder and CEO of Benchmark Realty — who sold the compa
Read MoreLogan Finance promotes Dave Weatherford to TPO executive role

Nonqualified mortgage (non-QM) lender Logan Finance Corp. on Thursday announced the promotion of Dave Weatherford to Executive Vice President of TPO Production, effective immediately.The promotion follows Logan Finance’s launch of its new Open Road product series, announced in June. The series, whic
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