Redfin CEO Glenn Kelman said Tuesday on the company’s second-quarter 2024 earnings call that he expects business to improve when the housing market speeds up after mortgage rates come down.But what is the alternative if rates don’t come down?“Great question — Plan B is drink our own urine or our com

California-based mortgage lender loanDepot reduced its financial loss in the second quarter of 2024 while still feeling the impacts of a January cyberattack. During the three-month period, the company increased its volumes and margins while implementing an efficiency program and selling mortgage ser

Attorneys for Ginnie Mae have responded to Texas Capital Bank (TBC) over the government’s motion to move the case to a different venue. They say that the bank’s own filing on the matter avoids the key issues that the government sought to raise regarding the original clause that specifies where any r

Older Americans who seek out younger roommates to stay on top of high housing costs is not a new concept, but there is evidence to suggest that the trend is growing more popular. This is according to a recent podcast episode hosted by Boston-based NPR affiliate WBUR.Jennifer Molinsky, director of th

At the start of 2024, CEO Leo Pareja did not think eXp Realty would find itself in the real estate forms business, but eight months into this year, things look a little different.In March 2024, the National Association of Realtors (NAR) settled the nationwide commission lawsuits and agreed to severa

Mortgage industry executives are on alert amid the global stock-market meltdown caused by fears that the Federal Reserve may have kept the federal funds rate too high for too long, which could bring the U.S. economy into recession.Tensions in the bond markets have provoked a decline in mortgage rate

The downward movement in mortgage rates over the past few months accelerated last week as a cooler-than-expected jobs report and indications of a Federal Reserve rate cut led to a steep drop in loan pricing.At HousingWire‘s Mortgage Rates Center on Tuesday, the 30-year conventional loan rate average

A highly anticipated piece of political news arrived Tuesday morning as Vice President Kamala Harris chose Minnesota Gov. Tim Walz to be her running mate in November’s presidential election, with Harris having clinched the Democratic nomination to challenge Republican nominee and former President Do

The Consumer Federation of America (CFA) and its former CEO, Steve Brobeck, have a long history of advocating for policies that protect consumers. However, in recent efforts to curb real estate professionals, the CFA has seemingly lost sight of its core purpose: advocating for those most in need of

Lower continues to make moves designed to support its expansion efforts, hiring former Waterstone Mortgage executive Dustin Owen as its new divisional sales leader and senior vice president of growth.Owen, who is based in the Orlando area, spent the past 16 years at Waterstone, most recently as its

The National Reverse Mortgage Lenders Association (NRMLA) and the Mortgage Bankers Association (MBA) have submitted a joint letter to Ginnie Mae acting president Sam Valverde, offering their thoughts and perspectives on the government-owned company’s proposed supplemental Home Equity Conversion Mort

Massachusetts Gov. Maura Healey (D) has signed a $57.8 billion state budget for 2025, which features several provisions designed to assist the state’s senior residents with health care, food assistance and aging-in-place provisions like home-based care. This is according to announcements by Healy’s

Seller impersonation fraud is on the rise. A study conducted by NDP Analytics found that 28% of title companies experienced at least one seller impersonation fraud attempt in 2023, and in April 2024 alone, 19% of firms experienced at least one of these attempts. The study, which was released on Mond

The global stock selloff that began overnight in Asia rolled through U.S. markets on Monday as the S&P 500 and the Dow Jones Industrial Average fell by 3% and 2.6%, respectively.While technology-sector darlings such as Nvidia and Apple got thumped the hardest, the real estate industry also took its

More than 10,000 plaintiffs — including homeowners, businesses and other individuals — will receive a collective $4 billion settlement following a devastating wildfire on the Hawaiian island of Maui that killed 102 people and destroyed the historic city of Lahaina.The settlement was reached by the p

In less than two weeks, offers of compensation for buyers’ brokers will no longer be permitted on any MLS in the U.S, per the terms of the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement. While brokers across the country agree that they and their agents wil

Real estate technology firm Rechat announced a strategic partnership on Monday with Peerage Realty Partners that aims to expand tech tool and service offerings for Peerage agents and brokers.Peerage is a top-10 residential real estate services firm that operates across North America and is closely c

Rising home prices managed to outpace an all-time high of $13.8 trillion in mortgage debt, pushing mortgage holder equity to a new high of $17.6 trillion in the second quarter of 2024. On top of that, tappable home equity reached a new high of $11.5 trillion, a 4% gain compared to the first quarter

Fears of a recession in the U.S. sent shockwaves through financial markets around the world on Monday. The Dow-Jones dropped 1,000 points by 10:30 a.m. Eastern time, the NASDAQ lost up to 6% of its value and Japanese stocks suffered their biggest crash since 1987, with the Nikkei 225 stock index dro

The acceleration of climate change has fueled more frequent and more severe natural disasters, but that isn’t keeping people away from high-risk parts of the country.A new report from Redfin shows that migration patterns in 2023 weren’t interrupted by the realities of climate change as moving trends