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

The best housing story in 2024 is that inventory is growing — both active inventory and new listings. With mortgage rates at the current levels, inventory is still below my expectations, but it’s still such a positive story that I had to discuss it on CNBC last week. As we head into April, let’s see

It is nearly April, which means temperatures in the Austin metropolitan area are heating up — and so is the housing market. But like the temperatures, which are far from the triple-digit figures the residents of the Texas state capital will see in the coming months, local real estate professionals s

The Council of Multiple Listing Services is joining Northwest MLS in filing a motion to request that it can file an amicus curiae brief in the Nosalek commission lawsuit.In its motion filed on Wednesday, CMLS said its amicus curiae brief is in repsonse to the Department of Justice’s statement of int

Anna Frankowska was recognized in 2017 as one of Forbes’ “30 Under 30” in Europe, having studied economics in London before moving to work in investment banking. A passion for technology led her to work in the fintech and blockchain spaces, and she has now turned her attention to the senior finance

The U.S. Department of Housing and Urban Development (HUD)’s Office of Policy Development and Research is seeking public comment related to application and origination documents for the Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgage (HECM) program, according to a notice

The Consumer Financial Protection Bureau (CFPB) this week released its 2023 Consumer Response Annual Report, offering an overview of consumer complaints in a variety of industries overseen by the bureau.While much of the report suggests “a continued increase in credit or consumer reporting complaint

Courted has grown its roster of customers since its launch in 2021 and is within three months of reaching and sustaining profitability, the company announced on Friday.Co-founded by Sean Soderstrom, Dan Breitbach and Joe Urciuoli, the proptech company sells an AI-powered software platform to help re

Publicly traded real estate technology company Doma Holdings has entered into a definitive agreement to sell to title insurance underwriter Title Resources Group (TRG) and become a private company. Over the past year, the Max Simkoff-helmed firm has made its goal of becoming adjusted EBITDA profitab

Rocket Companies, the parent of Rocket Mortgage, promoted Noah Edwards as the firm’s chief accounting officer. Edwards will replace Brian Brown, who had assumed the CAO position in addition to being the company’s chief financial officer and treasurer.As chief accounting officer, Edwards will receive

Federal Home Loan Bank reform is in the air in Washington D.C. The White House recently endorsed a plan to double FHLBanks’ mandatory contributions to affordable housing programs from 10 to 20% of their net income, following a recommendation by the Federal Housing Finance Agency. And the Coalition f

The real estate industry is facing yet another commission lawsuit, but this time the plaintiff is not seeking class-action status.In a lawsuit filed Thursday in the U.S. District Court for the Southern District of New York, Hao Zhe Wang accused real estate industry players of “agreeing, combining an

Late last week, Indiana Sen. Mike Braun (R) submitted a letter to Ginnie Mae president Alanna McCargo asking about what he identified as recent bouts of instability in both the Home Equity Conversion Mortgage (HECM) and HECM-backed Securities (HMBS) programs, which stemmed from the collapse of a maj

Guaranteed Rate appointed Carlos Mata as its Atlanta branch manager, the company announced on Thursday. Mata was recognized as one of the top 250 Latino mortgage originators in 2024, according to the National Association of Hispanic Real Estate Professionals (NAHREP). “I have deep roots in Atlanta,

The state of California is maintaining its mortgage relief program funded by the 2021 American Rescue Plan, which includes assistance for reverse mortgage borrowers. But the funding is running low and could soon be exhausted soon, according to estimates from state housing officials as reported by th

The past year and a half, with its rising mortgage rates, low inventory, and economic uncertainty, has been a challenge for real estate pros, not to mention the buyers and sellers they serve. Times like this often result in a sense of fear and hesitancy; after all, if you don’t know what’s next, how