Report: DOGE overestimated, backtracked on savings from real estate lease cuts
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
Read MoreFathom stays optimistic about agent compensation plan even as losses mount
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
Read MoreWhy foreclosures are still below pre-pandemic levels
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
Read MoreAppraisal Institute executive accused of harassment withdraws from public appearances
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
Read MoreTexas Capital Bank appeals case against Ginnie Mae over reverse mortgage collateral
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
Read MoreServiceLink expands closing technology
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
Read MoreMortgage delinquencies rise slightly in Q1
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
Read MoreHUD announces $1.1B in funding for affordable housing in Tribal lands
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
Read MoreAging in place is not ‘equally accessible’ to all, study finds
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
Read MoreMBA urges overhaul of mortgage rules in letter to OMB
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
Read MoreFHA cites AI emergence as it ‘archives’ inactive policy documents
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
Read MoreClimate risk threatens to widen the racial wealth gap
Redfin stockholder files suit over disclosures in Rocket deal
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
Read MoreHUD secretary defends repeal of fair housing rule
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
Read MoreHouse bill calls for bigger SALT tax breaks
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
Read MoreMore homesellers and home sales in May
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
Read MoreERA Real Estate franchise affiliate announces Texas partnership
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
Read MoreBetter Homes and Gardens Real Estate makes Tennessee acquisition
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
Read MoreCentury 21 merger expands New Jersey footprint
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
Read MoreHomebuyers turn to aging properties as construction lags
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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