Even as GSEs step into MBS market, macro forces are controlling mortgage rates

Fannie Mae and Freddie Mac have been active in the mortgage-backed securities (MBS) market in recent weeks — but their approach appears more measured and opportunistic than many initially expected. Their activity has also been overshadowed by the U.S.-Iran conflict. “We’ve seen some activity from t
Read MoreThe case for seller choice: Why exposure is a strategy and not a setting

Gary Keller is one of the most consequential figures in the history of residential real estate. In nearly five decades, few people have done more to educate, elevate and safeguard the well-being of the real estate professional. I say this as a 36-year veteran of this business and as someone who spen
Read MoreCoStar says Zillow copyright infringement now tops 53,000 photos

CoStar Group is claiming that Zillow’s alleged infringement upon copyrighted photos owned by CoStar has continued despite the ongoing copyright infringement lawsuit CoStar filed against Zillow last July. In an amended complaint filed on Friday, CoStar claims that Zillow has infringed on CoStar’s cop
Read MoreNEXA Lending targets recurring income model for loan originators

NEXA Lending announced Friday that it’s developing a new initiative aimed at allowing loan originators to participate in recurring income tied to the long-term performance of the loans they originate. The initiative, described as a “servicing-aligned income model,” is expected to begin rolling out a
Read MoreMortgage rates now closer to 7% than 6% as the Iran war escalates
Two weeks ago on CNBC, I talked about how the housing market was poised for growth for the first time in years — unless mortgage rates shot up due to the war with Iran. Mortgage rates were sub 6% before the war and today they hit 6.62%, according to Mortgage News Daily. That is a big move. It’s unfo
Read MoreBill Pulte targets Letitia James with new criminal referrals

Federal Housing Finance Agency (FHFA) Director Bill Pulte is again targeting New York Attorney General Letitia James, this time filing criminal referrals with the U.S. Department of Justice (DOJ) over alleged insurance fraud. The referrals were sent to two U.S. attorneys — Jason Reding Quinones of t
Read MoreThe GSEs updated their rules for condo loans. Will they be helpful or harmful?

Fannie Mae and Freddie Mac last week enacted updates to condominium project standards and property insurance rules for one- to four-unit properties and larger developments, aiming to lower costs for homeowners. The moves have been met with mixed opinions from mortgage professionals. The updates, whi
Read MoreFort Worth growth resets the Dallas-Fort Worth housing map

For the past decade, Dallas-Fort Worth’s housing story has been written in bold letters along the U.S. 75 corridor – Frisco, McKinney, Plano and every patch of land north of there that could support a rooftop and a Starbucks. The northeast corner became a symbol of Texas growth: prices soared, commu
Read More‘Six-figure limit’ aims to halt Social Security trust fund insolvency

With the Social Security trust fund less than seven years from insolvency — at which point a 24% across-the-board benefit cut could be triggered — a new proposal suggests capping annual payouts for the nation’s wealthiest retirees. A white paper released by the Committee for a Responsible Federal Bu
Read MoreDid the industry build a machine for reverse steering and call it seller choice?

Five major deals in five days. That’s what happened last week in real estate, and I don’t think anyone has fully processed what just happened. Zillow Preview signed almost 30 brokerages. eXp signed deals with Realtor.com, Homes.com and ComeHome.com. Compass already had its Redfin partnership locked
Read MoreNewsom warns cities of lawsuits over California SB 79 law

California Gov. Gavin Newsom is threatening legal action against cities and counties that do not comply with a 2025 housing reform law that allows higher density near public transit. During a Wednesday press conference, Newsom said his administration has warned 15 cities and counties that they have
Read MoreRealTrends Verified Tampa team returns to eXp Realty

A high-producing Tampa real estate team has returned to eXp Realty after a stint with another brokerage. Maximum Tampa Group — led by Yulia Olivo and Jennifer Rivera — will now operate as FIG Team Maximum Tampa in collaboration with Veronica Figueroa’s FIG Team. The move comes after Maximum Tampa Gr
Read MoreCMLS warns pre marketing could fragment the housing market

The Council of MLS (CMLS), the trade organization for multiple listing services, is pushing back against the rhetoric currently circulating the housing industry that “sellers benefit when their listings are not broadly exposed, that listing brokerages have a fiduciary duty to withhold facts from oth
Read MoreCentury 21 CEO: Adding Latino agents is key to serving ‘70% of net new homebuyers’

The U.S. Census Bureau projects that 70% of net new homebuyers between now and 2050 will be Latino — a statistic that Century 21 CEO Mike Miedler said should guide recruiting efforts across the industry. “If we’re going to serve those communities, we also have to get more Hispanic real estate profes
Read MoreInsurance is having a growing impact on condo affordability

On Wednesday, Fannie Mae and Freddie Mac adopted extensive changes to their requirements for approvals of condominium projects that are eligible for their loan purchase. The changes created more flexibility and affordability with respect to replacement cost and deductible requirements for condo ins
Read MoreRegional markets back demand resilience as rate pressure builds

Regional market data is reinforcing the same story playing out nationally: Housing demand is holding up across major metros, even as mortgage rates move closer to levels that have historically pressured activity. That national backdrop remains surprisingly firm. Weekly pending sales rose to 71,230,
Read MoreAntitrust lawsuit against NAR faces dismissal

A magistrate judge in U.S. District Court in West Palm Beach, Florida, is recommending that the court dismiss the Zea antitrust lawsuit filed against the National Association of Realtors (NAR) and several local Realtor associations and MLSs. Filed in August, the lawsuit claims that the defendants e
Read MoreFormer Fannie Mae CEO Hugh Frater joins Better board

Better Home & Finance Holding Co. announced Wednesday that it has appointed Hugh Frater, a founding partner of BlackRock and former CEO of Fannie Mae, to its board of directors as the company leans further into its Tinman AI mortgage platform. Frater, whose role became effective March 23, brings exp
Read MoreTransUnion launches tool to bolster Realtor safety, fight fraud

As real estate professionals face growing threats from title fraud and in-person safety risks, TransUnion is introducing a mobile solution that consolidates tools for verifying identities and checking criminal backgrounds. TruLookup for Real Estate allows agents to validate property ownership, condu
Read MoreStates push back on buyer agreements as new laws challenge NAR rules

Mississippi has joined Alabama in creating a law that states that buyers agents and brokers are not required to obtain a signed buyer agency agreement prior to touring a property with a prospective buyer. Earlier this month, Mississippi Governor Tate Reeves signed Senate Bill 2713 into law. Under t
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