A new report released Thursday by Realtor.com ranks every state on their performance for housing affordability and homebuilding. It exposes significant regional disparities amid a nationwide shortage of more than 4 million homes.The report evaluates each state using weighted criteria tied to afforda

Jordan Bernbaum has been feeling anxious these last few weeks.“On the client end, they’re seeing the news and understanding the situation pretty well,” the NEXA Mortgage senior loan officer said. “On my end, it’s a stress-inducing emotional roller coaster of always worrying when I should be locking.

PennyMac Financial Services Inc. (PFSI) on Tuesday reported net income of $76.3 million for the first quarter of 2025 after it posted revenue of $430.9 million.These numbers were down from the previous quarter’s figures of $104.5 million and $470.1 million, respectively.The California-based lender’s

As it aims to appeal to potential clients who may be taking a closer look at tapping into home equity, reverse mortgage lender Finance of America (FOA) has debuted a new marketing campaign in concert with its new creative agency to illustrate the lifestyle impacts of its products.The campaign, calle

When assessing the landscape of housing affordability today, conversations between members of the millennial and baby boomer generations can often devolve into finger pointing over which of them is to “blame” for the high costs of housing.New survey data from Clever Real Estate indicates that while

Let’s be honest – real estate photography may be the most important piece of selling a listing. As buyers scroll through dozens of homes online, your photos will be the reason they stop scrolling and start exploring. That spark of interest is what will lead them to schedule a showing – and ultimatel

An illustration of the Virgin Voyages cruise ship in the Caribbean with piles of money surrounding it. (Image created with ChatGPT4o)Ken DeGiorgio, former CEO of First American Financial Corp., will collect a hefty payout following his termination from the title insurance giant, according to a share

Lawmakers in Congress are about to embark on deliberations that will shape government spending, aiming to balance political priorities with the realities of narrow Republican majorities in the House of Representatives and the Senate. But if any conversation turns to imposing larger fees on homeowner

With its low taxes, affordable housing and warm weather, Texas has been a hot destination for households in high-cost markets since the COVID struck in 2020.But the housing markets in the state’s four major metropolitan areas show inventory continues to grow by large percentages year over year, and

With a political ally now at the head of the department, a Republican senator is aiming to garner more scrutiny of federal work policies and practices at the U.S. Department of Housing and Urban Development (HUD).Sen. Joni Ernst (R-Iowa) submitted a letter this week to HUD Secretary Scott Turner, al

As MLSs across the country work to implement the National Association of Realtors’ (NAR) Multiple Listing Options for Sellers (MLOS) policy, brokerages and some Realtor associations are busy creating the new disclosures needed for delayed marketing exempt listings. Over the weekend, Compass‘s new “A

The National Association of Realtors (NAR) Clear Cooperation Policy (CCP), implemented in 2020, is the source of much debate within the real estate industry. The policy was a response to a proliferation of pocket listings and a rapid decline in housing inventory on the MLS, despite a large number of

Veteran mortgage executive Randell Gillespie has been named president of Kansas City-based mortgage shop LeaderOne.Gillespie joins LeaderOne following a long stint at Thrive Mortgage and Lower, which merged in early 2024. He most recently served as chief production officer at the combined company be

Homebuyers paid an average of $4,661 in closing costs on purchase mortgages last year, according to a new report from LodeStar Software Solutions.The company released its first-ever purchase mortgage closing cost report. The findings showed that, on average, closing costs represented 1.06% of home s

An illustration of an ax falling on the CFPB headquarters in Washington, D.C. (Image created with ChatGPT 4o)Under a workforce reduction announced on April 18, the Consumer Financial Protection Bureau (CFPB) may be left with just one employee in the Office of Fair Lending and Equal Opportunity, alon

A high-performing Colorado real estate team has joined one of Denver’s largest brokerages.Mile High Lifestyles, led by co-founder Jaden Hanson, has joined Your Castle Real Estate, bringing 25 residential agents to the firm. Since then, the team has doubled in size, according to Hanson.In 2024, RealT

As one of only a few states considering more stringent regulation of the home equity investment (HEI)/home equity contract product category, lawmakers in the state of Washington have requested an academic study to assess the impacts on state residents who may use an HEI to tap into their home equity