Industry veteran Rick Roque has resigned from his position as corporate vice president at retail mortgage lender CrossCountry Mortgage (CCM) to join multichannel player Sierra Pacific Mortgage as executive vice president of retail. The transition was announced on Monday afternoon during a session at

With home sales still at historically low levels and uncertainty over the commission lawsuits, real estate brokerage executives prize good leads more than ever.Anthony Djon, CEO of Anthony Djon Luxury Real Estate, said his company gets 90% of its leads from listing portals Zillow and Realtor.com. To

Just hours after announcing his firm’s acquisition of 3D scanning firm Matterport, CoStar Group CEO Andy Florance took to the stage in Scottsdale, Arizona, at HousingWire’s annual conference, The Gathering, to discuss the news.“Photography is so 1989,” Florance said.According to Florance, the capabi

Remote online notarization (RON) platform Proof, formerly known as Notarize, has launched Proof Certificates, which aims to enhance certainty and security surrounding the identity of online notaries. A digital certificate is like a unique private key assigned to an individual and enables notaries to

After a couple weeks of big jumps for mortgage rates, we’re still seeing relatively surprising strength in the housing market. In fact, some measures of home prices are now at their all-time highs, having surpassed the previous peak of two years ago. We’re watching a few key factors to see if homebu

Earlier this month, California-based multichannel mortgage lender CMG Financial announced that it had acquired Norcom Mortgage’s retail assets to expand its operations in the Northeast. The deal, however, will not include core members of Norcom’s well-known team of reverse mortgage professionals, in

California Association of Realtors CEO John Sebree has departed the trade organization. In an announcement on Saturday, CAR said that Sebree was resigning to “pursue other opportunities.“On behalf of CAR’s leadership team and the Board of Directors, I’d like to thank John for his contributions and s

Housing inventory finally hit my target level of growth last week with mortgage rates now over 7.25%, something I couldn’t get all last year. Of course, what is different this year versus last year is that new listing data is growing yearly instead of trending at the lowest levels recorded in histor

Ginnie Mae has filed a point-by-point response to the initial complaint of the case brought against it by Texas Capital Bank (TCB), which alleges that the government-owned company “extinguished, in return for no consideration, TCB’s first priority lien on tens of millions of dollars in collateral” s

Luxury home prices in the U.S. surged by 8.7% year over year in the first quarter of 2024, with the median price hitting a record $1.225 million, according to data from Redfin. In comparison, prices for non-luxury homes rose by 4.6% to a median of $345,000, which is also a record high.Redfin defined

Retirement at 65 has been a longstanding norm for U.S. workers, but older investors believe that not only is such an outcome unfeasible, but they’re likely to face more challenging retirements than their parents or grandparents.This is according to recently released survey results from Nationwide, w

The U.S. Department of Housing and Urban Development (HUD) this week announced a new rule aimed at bolstering the department’s Section 184 Indian Housing Loan Guarantee program, with the goal to increasing lender participation and ensure access to potential Native American beneficiaries.The final ru

Ginnie Mae President Alanna McCargo is resigning from her position at the government-owned company effective May 3, according to an announcement issued Friday by the U.S. Department of Housing and Urban Development (HUD).Ginnie Mae principal executive vice president Sam Valverde will serve as acting

Alicia Goncalves has joined the Mortgage Bankers Association (MBA) as director of associate membership, the trade association announced on Friday. In this role, Goncalves will serve as the primary point of contact for MBA’s associate members, supporting their business efforts and enhancing their eng

Even though the spring homebuying season got off to a slow start across much of the U.S., one of the most populous states saw increased activity.Home sales in Pennsylvania jumped 23.6% from February to March, according to a report released Friday by the Pennsylvania Association of Realtors (PAR). On

Ginnie Mae unveiled a significant revision on Wednesday to its monthly single-family reporting protocols.  The government mortgage bond guarantor incorporated expanded its payment default status (PDS) reporting, including loan default information, any mitigation actions taken and the timing of these

A Freddie Mac home equity product that was proposed this week has the potential to unlock $850 billion in origination volume. But it could face challenges due to the lack of a robust securitization market, according to strategists at Bank of America (BofA). On Tuesday, the Federal Housing Finance Ag

The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s 2024 Marketing Leaders Leaders award are open now through April 30th, 2024. Click here to nominate someone.The recent commis

Existing home sales fell in today’s report, which isn’t surprising, but one headline that shocked some people was that home prices are still up year over year, even with higher inventory and higher mortgage rates.From NAR: The median existing home price for all housing types in March was $393,500, a

Editor in Chief Sarah Wheeler sat down with Ike Suri, chairman and CEO of FundingShield, to talk about rising fraud risks, what keeps him up at night, and why AI is still far from helpful in his business of protecting clients. Sarah Wheeler: FundingShield just released its Q1 Fraud report, which sho