Ocwen Financial Corp., the parent company of top five reverse mortgage lender Liberty Reverse Mortgage and PHH Mortgage Corp., announced on Wednesday that it is undergoing a rebranding effort and will be known as Onity Group Inc. This is according to a company spokesperson and a subsequent announcem

Real estate listing giants Zillow and CoStar are currently embattled in a fight for listing portal supremacy.The battle began heating up in September 2023 when CoStar’s residential real estate platform Homes.com surpassed 100 million unique monthly visitors, becoming the second most popular listing

The Community Home Lenders of America (CHLA) this week submitted a letter to the Federal Housing Administration (FHA) that urges the agency to “provide comparable down payment treatment for FHA borrowers, regardless of whether or not the seller is willing to pay the home buyer broker commission,” ac

Top U.S. mortgage lender United Wholesale Mortgage (UWM) is the target of a class-action-seeking lawsuit alleging it orchestrated a scheme with mortgage brokers to apply excess fees and costs to borrowers. The wholesale lender called the accusations a “sham.”The lawsuit was filed on Tuesday in a Mic

A physician and a lawmaker, both based in the state of Pennsylvania, have come together to explain to area seniors why aging in place “makes sense,” explaining potential benefits from a regional healthcare system’s senior wellness program and the ability to remain in their own homes as they get olde

Millennials replaced baby boomers as the largest group of homebuyers in 2023.The combined share of millennials, both younger (ages 25 to 33) and older (ages 34 to 43), made up a combined 38% of the home purchase market last year, up from 28% in 2022, according to the 2024 Home Buyers and Sellers Gen

Compass is entering the housing markets in Louisiana and Mississippi through its acquisition of Gulf Coast-based brokerage Latter & Blum. The Robert Reffkin-helmed Compass announced the acquisition on Wednesday. The companies did not disclose the financial terms of the deal. “We are excited to welco

Keller Williams is named in another class-action lawsuit that contests alterations made to the brokerage’s profit-sharing program. There are now six class-action lawsuits against KW that challenge the company’s profit-sharing program adjustments. Last month, five agents formerly affiliated with Kell

A pandemic-fueled home-buying bonanza. Rate-hike-squeezed housing inventory. Tectonic changes in how agents are compensated in home sales. There have been plenty of changes in the last five years, and RealTrends Verified has gotten the inside look at how the nation’s top brokerages have been affecte

Keller Williams is in the crosshairs of yet another class action lawsuit, except instead of dealing with agent compensation or alleged breaches of contract, this latest suit involves unwanted telemarketing communications.In a lawsuit filed on Tuesday in U.S. District Court of the Western District of

JPAR Real Estate, a full-service real estate brand and franchise platform, announced several strategic promotions and organizational changes within the brokerage on Monday.“These appointments represent not just a shift in roles but a bold statement of our commitment to excellence, innovation and unp

Last month, Madison, Wisconsin-based mortgage lender Fairway Independent Mortgage Corp. announced the appointment of reverse mortgage industry veteran Dan Ventura to serve as its new president of reverse mortgage lending. The hiring came after a series of announcements in February, including the add

The Community Home Lenders of America (CHLA), a Washington, D.C., advocacy group representing smaller mortgage lenders, appointed Paulina McGrath to the position of vice president, it announced on Tuesday. In this role, McGrath will advocate for independent mortgage banks (IMBs) nationwide and will

The U.S. Department of Housing and Urban Development (HUD) on Tuesday announced that it awarded $30 million in grants to fair housing organizations across the nation, which will go to “support the efforts of national, state, and local fair housing entities working to address violations of the Fair H

Older Americans who own their home are financially incentivized to stay put, which is likely to worsen the ongoing inventory shortage, two Redfin studies found. In one recent survey, Redfin found that over three-quarters (78%) of older American homeowners (ages 60 and up) are planning to stay in the

Josh Moody, a mortgage industry veteran with more than 20 years of experience and nearly $2 billion in career sales volume, recently joined Highlands Residential Mortgage.Based in Addison, Texas, Moody most recently worked for Synergy One Lending, where he posted nearly $77 million in production vol

Hal Rogers (R-Ky.) of the U.S. House of Representatives announced last week that $3 million has been allocated from the federal Consolidated Appropriations Act of 2024 to go toward the construction of homes for victims of flooding in eastern Kentucky that took place in July 2022.The funding will be

Mortgage rates remained stable this week as the personal consumption expenditures (PCE) inflation report matched economists’ expectations. As a result, HousingWire’s Mortgage Rates Center showed the average 30-year fixed rate for conventional loans at 7.17% on Tuesday, up from 7.16% one week earlier

March was a banner month for fast-growing firm The Real Brokerage. In addition to being named the top-moving brokerage in the 2024 RealTrends 500 rankings, Real also welcomed 13 real estate teams and independent brokerages into its fold.According to the firm, all of the teams joined under the firm’s

Mortgage technology company Aidium Mortgage CRM has closed a $19 million Series A funding round, led by growth equity firm PeakSpan Capital.Boulder, Colorado-based Aidium offers originators a customer relationship management platform that integrates sales and marketing automation to drive originatio