• Report: DOGE overestimated, backtracked on savings from real estate lease cuts

    Report: DOGE overestimated, backtracked on savings from real estate lease cuts,Chris Clow

    Since the start of the second Trump administration, the U.S. DOGE Service — aka the “Department of Government Efficiency” — has been a lightning rod of controversy due to the ways it has sought to curtail government costs. It’s done so by slashing federal jobs, ending congressionally-approved progra

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  • Fathom stays optimistic about agent compensation plan even as losses mount

    Fathom stays optimistic about agent compensation plan even as losses mount,Jeff Andrews

    Fathom Holdings Inc. is under pressure to turn its business around, and CEO Marco Fregenal thinks its new agent compensation model can do that.On the company’s first-quarter earnings call on Tuesday, Fregenal touted Elevate, which provides agents with a 20% commission split and support systems to st

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  • Why foreclosures are still below pre-pandemic levels

    Why foreclosures are still below pre-pandemic levels,Logan Mohtashami

    According to the most recent credit data from the New York Fed, foreclosure data for the housing market is still below 2019 levels. Although foreclosure rates rose in the last quarter, we are far from the stressful levels that we saw during the run-up to the housing bubble crash in 2008. Credit data

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  • Appraisal Institute executive accused of harassment withdraws from public appearances

    Appraisal Institute executive accused of harassment withdraws from public appearances,Jeff Andrews

    The Appraisal Institute (AI) executive who’s been accused of sexual misconduct by multiple women has decided to keep a lower profile.AI Vice President Craig Steinley will cease making public appearances after an expośe by the New York Times detailed accusations against him of inappropriate comments

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  • Texas Capital Bank appeals case against Ginnie Mae over reverse mortgage collateral

    Texas Capital Bank appeals case against Ginnie Mae over reverse mortgage collateral,Chris Clow

    After lawsuit challenging the government’s authority to extinguish stakes in securitized Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgages (HECMs) was recently decided in favor of Ginnie Mae, the plaintiff in the case has made good on its promise to appeal the decision.Tex

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  • ServiceLink expands closing technology

    ServiceLink expands closing technology,Jonathan Delozier

    Mortgage solutions provider ServiceLink has introduced updates to its EXOS Close platform aimed at increasing scheduling flexibility for lenders and borrowers.The latest enhancements allow users to schedule closings in real-time with expanded options for online and in-branch appointments, and add au

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  • Mortgage delinquencies rise slightly in Q1

    Mortgage delinquencies rise slightly in Q1,Jonathan Delozier

    The delinquency rate for U.S. residential mortgages rose slightly in the first quarter of 2025. This was partially driven by an uptick in conventional loan delinquencies and rising foreclosure inventory, particularly among loans backed by the U.S. Department of Veterans Affairs (VA).The Mortgage Ban

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  • HUD announces $1.1B in funding for affordable housing in Tribal lands

    HUD announces $1.1B in funding for affordable housing in Tribal lands,Chris Clow

    In one of the most robust housing assistance funding announcements of the second Trump administration so far, the U.S. Department of Housing and Urban Development (HUD) announced on Tuesday that it is making $1.1 billion in Indian Housing Block Grant (IHBG) funding available for eligible Native Amer

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  • Aging in place is not ‘equally accessible’ to all, study finds

    Aging in place is not ‘equally accessible’ to all, study finds,Chris Clow

    Despite the overwhelming preferences of older people to age in place in their own homes — a trend that holds true across North America — there remain inequities that limit the access and ability for some older people to fulfill this desire, according to the findings of a recent study.Researchers at

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  • MBA urges overhaul of mortgage rules in letter to OMB

    MBA urges overhaul of mortgage rules in letter to OMB,Flávia Furlan Nunes

    The Mortgage Bankers Association (MBA) submitted a formal request to the White House Office of Management and Budget (OMB) on Monday, asking for the rescission of six rules and revisions to nine others that affect the mortgage industry. These include regulations tied to servicing, the Real Estate Se

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  • FHA cites AI emergence as it ‘archives’ inactive policy documents

    FHA cites AI emergence as it ‘archives’ inactive policy documents,Chris Clow

    The technology posture of the federal government’s housing apparatus has been a hot topic of discussion for years. Advocates have advised — and sometimes warned — of the need to modernize the tech infrastructure at government housing agencies.With the dawn of artificial intelligence (AI) and its inc

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  • Climate risk threatens to widen the racial wealth gap

    Climate risk threatens to widen the racial wealth gap,
  • Redfin stockholder files suit over disclosures in Rocket deal

    Redfin stockholder files suit over disclosures in Rocket deal,Brooklee Han

    While much of the housing industry views Rocket Companies’ proposed acquisition of Redfin as a foregone conclusion at this point, at least one common stock holder is saying not so fast. On Friday in U.S. District Court in Seattle, plaintiff Jason Morano filed a lawsuit accusing the two companies of

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  • HUD secretary defends repeal of fair housing rule

    HUD secretary defends repeal of fair housing rule,Jonathan Delozier

    In a strongly worded op-ed, U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner defended the recent repeal of the Affirmatively Furthering Fair Housing (AFFH) rule.Turner argued in The Gazette, an Iowa-based newspaper, that AFFH represented a federal overreach into local ho

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  • House bill calls for bigger SALT tax breaks

    House bill calls for bigger SALT tax breaks,Sarah Wolak

    The House tax committee is looking to raise the cap on the state and local tax deduction (SALT) and formally adopt several of President Trump’s campaign tax promises as part of a multi-trillion-dollar package, Republicans’ main legislative priority.The draft legislation, introduced by the tax-writin

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  • More homesellers and home sales in May

    More homesellers and home sales in May,Mike Simonsen

    The weekly pending home sales picked up this week as expected, with 2.6% more pending home sales contracts started than a year ago.If you’re following the data closely, you know that home sales are still running at or below last year’s pace. Year to date, through the first week of May, we count 3% f

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  • ERA Real Estate franchise affiliate announces Texas partnership

    ERA Real Estate franchise affiliate announces Texas partnership,Jonathan Delozier

    ERA Experts — a franchise affiliate of ERA Real Estate — has made a strategic investment in Austin-based Sprout Realty LLC, which will now operate as Sprout Realty ERA Powered.Leaders said the move is aimed at accelerating Sprout Realty’s growth across Austin, Waco, Dallas-Fort Worth and other parts

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  • Better Homes and Gardens Real Estate makes Tennessee acquisition

    Better Homes and Gardens Real Estate makes Tennessee acquisition,Jonathan Delozier

    Better Homes and Gardens Real Estate Heritage Group has acquired Manchester, Tennessee-based Advantage Realty Partners in a move to strengthen its presence and market share across middle Tennessee.The acquisition brings the firm’s total footprint to three offices and roughly 80 affiliated sales asso

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  • Century 21 merger expands New Jersey footprint

    Century 21 merger expands New Jersey footprint,Jonathan Delozier

    Century 21 Solid Gold Realty has merged with longtime central New Jersey brokerage Gloria Zastko, Realtors — a move that expands Century 21’s market presence further north and west into Middlesex County.The 34-year-old North Brunswick, New Jersey-based agency will now operate under the name Century

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  • Homebuyers turn to aging properties as construction lags

    Homebuyers turn to aging properties as construction lags,Jonathan Delozier

    The median age of homes purchased nationwide reached a record high of 36 years in 2024, a significant jump from 27 years in 2012, according to an analysis released Monday by Redfin.The trend reflects a long-term slowdown in new home construction and growing affordability challenges. Buyers are incre

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