• Mortgage industry veteran Tammy Richards takes on new role at Kind Lending

    Mortgage industry veteran Tammy Richards takes on new role at Kind Lending,Jeff Andrews

    Chief operating officer Tammy Richards is taking on a new role at Kind Lending. Richards announced Tuesday on LinkedIn that she’s now the president of retail at Kind Lending, a move that comes a little less than a year after she joined the company.She had an association with Kind Lending before bein

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  • Longbridge appoints new head of credit policy, underwriting and QC

    Longbridge appoints new head of credit policy, underwriting and QC,Chris Clow

    Financial services veteran Patrick Halonen has joined reverse mortgage lender and servicer Longbridge Financial as the company’s new head of credit policy, underwriting and quality control.“With over 25 years of expertise in the financial services industry, Halonen’s appointment underscores Longbrid

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  • CHLA urges FHFA director to keep issues for small IMBs in mind

    CHLA urges FHFA director to keep issues for small IMBs in mind,Chris Clow

    Given the current housing environment in the U.S., the Federal Housing Finance Agency (FHFA)’s new leader should prioritize the affordable housing footprint across the country, find ways to cut costs in the origination of mortgages and take additional moves designed to mitigate risk.This is accordin

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  • Vishal Garg says Better’s AI could underwrite 75% of mortgages by year’s end

    Vishal Garg says Better’s AI could underwrite 75% of mortgages by year’s end,Sarah Wolak

    Better‘s fourth-quarter and full-year 2024 earnings call showcased the company’s growing revenue and its plans to further integrate artificial intelligence into the mortgage process.Vishal Garg, Better’s CEO and founder, said that despite a market with historically low housing affordability and pers

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  • SFR investors scaled back home buying in 2024

    SFR investors scaled back home buying in 2024,Jonathan Delozier

    Institutional home-buying activity remained subdued last year as transactional players — including iBuyers, flippers, and sales leaseback firms — dominated the market. While major single-family rental (SFR) funds continued to make acquisitions, their volume was significantly lower than during the po

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  • Cardinal Financial launches loan processing solution for mortgage brokers

    Cardinal Financial launches loan processing solution for mortgage brokers,Jonathan Delozier

    Cardinal Financial Wholesale has introduced Cardinal Complete, a new loan processing solution aimed at streamlining operations for mortgage brokers.The platform offers an end-to-end processing service designed to reduce administrative burdens and improve efficiency from application to closing.The se

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  • Indie brokerage and United Real Estate Richmond form RVA Blue Realty

    Indie brokerage and United Real Estate Richmond form RVA Blue Realty,Brooklee Han

    Virginia-based River City Blues Realty has merged with United Real Estate Richmond to form RVA Blue Realty, according to an announcement on Wednesday. United Real Estate Richmond is the largest Black-owned real estate brokerage in America, founded by brothers John S Finn Jr. and Jeffrey S Finn.Throu

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  • The state of the reverse mortgage business in early 2025

    The state of the reverse mortgage business in early 2025,Chris Clow

    Reverse mortgage business in the early part of 2025 has been humming along consistently, though not exactly “booming” as mortgage rates remain elevated and lenders are moving on their own initiatives to expand business and further forge partnerships with the forward mortgage side of the industry.Thi

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  • What went wrong at Redfin?

    What went wrong at Redfin?,Jeff Andrews

    Glenn Kelman seemed unusually down.The Redfin CEO’s playful demeanor and quotable banter was notably absent on the company’s fourth-quarter 2024 earnings call at the end of February. There could have been many innocuous reasons for sounding a bit deflated — not enough sleep or a bad day at work.But

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  • The housing market is ‘failing older adults,’ Urban Institute says

    The housing market is ‘failing older adults,’ Urban Institute says,Chris Clow

    The state of the U.S. housing market — particularly its levels of affordability, available inventory and accessibility for those with mobility or cognitive challenges — presents a unique challenge for older Americans on fixed incomes. This has led to a “failure” to properly serve the senior cohort.T

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  • What’s keeping homebuilders from large-scale layoffs?

    What’s keeping homebuilders from large-scale layoffs?,Logan Mohtashami

    Today’s new construction report from the Census Bureau showed month-to-month growth in housing starts, but falling housing permits. Both of these data lines are currently still at the levels we saw in the early part of the COVID-19 recession. However, employment for residential construction workers

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  • Advocus National Title starts virtual closing platform in Chicago

    Advocus National Title starts virtual closing platform in Chicago,Jonathan Delozier

    Advocus National Title Insurance Co. has introduced GO Live, a virtual closing system designed to streamline real estate transactions for attorneys and their clients.The platform, which debuts in Chicago, will expand to additional markets in the coming months.GO Live allows attorneys to guide homebu

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  • Compass tells MLSs to change CCP or face legal exposure

    Compass tells MLSs to change CCP or face legal exposure,Brooklee Han

    Compass and its CEO, Robert Reffkin, have not been shy when it comes to voicing their displeasure over the National Association of Realtors’ (NAR) Clear Cooperation Policy (CCP). Over the weekend, the firm took things a step further by sending an email to MLSs with suggested changes to their CCP pol

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  • Valon partners with VIU by HUB on instant home insurance quotes

    Valon partners with VIU by HUB on instant home insurance quotes,Jonathan Delozier

    Insurance brokerage platform VIU by HUB has partnered with mortgage servicing company Valon to provide homeowners with streamlined insurance options amid rising costs.Through the partnership, Valon customers will have access to instant insurance quotes from multiple carriers along with guidance from

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  • Mortgage rates are stable even as the economic outlook dims

    Mortgage rates are stable even as the economic outlook dims,Neil Pierson

    Mortgage rates appear to have plateaued after several weeks of steady downward movement.On Tuesday, 30-year conforming rates were at 6.79% and 15-year conforming rates were at 6.58%, according to HousingWire’s Mortgage Rates Center. The 30-year rate is unchanged from a week ago while the 15-year rat

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  • Will GSEs get the DOGE treatment? FHFA director alludes to reviews of remote work, payments

    Will GSEs get the DOGE treatment? FHFA director alludes to reviews of remote work, payments,Chris Clow

    Fresh from last week’s Senate confirmation vote, Federal Housing Finance Agency (FHFA) Director Bill Pulte is alluding to wide-ranging reviews of remote-work policies and previous contracts he plans to assess at the government-sponsored enterprises (GSEs). This could come in concert with efforts by

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  • REX petitions for a rehearing in lawsuit against NAR, Zillow

    REX petitions for a rehearing in lawsuit against NAR, Zillow,Brooklee Han

    Defunct discount brokerage REX Real Estate is not giving up in its antitrust battle against Zillow and the National Association of Realtors (NAR). On Monday, REX filed a petition of rehearing en banc with the Ninth Circuit Court of Appeals. It is appealing a U.S. District Court’s summary judgment ru

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  • Pulte makes sweeping changes to boards of GSEs

    Pulte makes sweeping changes to boards of GSEs,Chris Clow

    Not wasting any time following his Senate confirmation last week, Federal Housing Finance Agency (FHFA) Director Bill Pulte made a series of major changes to the boards of government-sponsored enterprises Fannie Mae and Freddie Mac according to filings with the Securities and Exchange Commission (SE

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  • Will home prices fall in 2025 with more inventory?

    Will home prices fall in 2025 with more inventory?,Mike Simonsen

    Fluctuating interest rates have been a feature of the housing market over the last three years. As mortgage rates rose, homebuyer demand slowed and inventory grew. In 2025, mortgage rates have stayed stubbornly high for yet another spring buying season. Today, home sales still remain super slow. Our

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  • Xactus launches open API portal

    Xactus launches open API portal,Sarah Wolak

    Verification technology company Xactus on Monday announced the launch of its open API portal, which allows partners to access integration rules that enable a faster, easier way to integrate their own tools or platforms with Xactus360, an Intelligent Verification Platform (IVP).“Launching our open AP

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