CHLA to FHFA: please make no further pricing adjustments for ‘extended period of time’

The Community Home Lenders of America (CHLA) this week submitted a letter to the Federal Housing Finance Agency (FHFA) in response to a recent request for input (FRI) on GSE single-family pricing framework. Its message? The trade group asked the regulator to “make no further changes for an extended
Read MoreDOJ tells appeals court to overturn NAR commission ruling

The U.S. Department of Justice’s appeal against a lower court’s ruling on its investigation into the National Association of Realtors’ commission and pocket listing policies is heating up.On Friday, attorneys for the DOJ’s Antitrust Division filed a brief claiming that the lower district court has m
Read MoreHousing starts tick back up in July in spite of headwinds

Housing starts picked up significantly in July to a seasonally adjusted annual rate of 1.452 million, according to the U.S. Census Bureau. That was up 3.9% from June and up 5.9% from a year ago. Meanwhile, permits for future construction eked a 0.1% gain from June but were 13% lower from a year ago.
Read MoreOpinion: Top 3 best online course platforms for real estate coaches

Congratulations! You’ve decided to share your expertise with other real estate professionals and become a coach and trainer. You may think that the greatest challenge is to create the content — but that’s just the beginning. In reality, you also need to decide where your content is going to live so
Read MoreDataDigest: Goldilocks and the big IMBs

The biggest nonbank mortgage lenders in America saw improved performance in both origination and servicing segments in the second quarter, capitalizing on the continued mortgage pullback from banks. As we’ve reported, that trend looks sticky, which could help change the fortunes of top independent m
Read MoreTo power through the back half of 2023, focus on what you can control

HousingWire recently spoke with Mike Darne, vice president of marketing at CreditXpert, about industry performance in the first half of 2023 and how lenders can work with borrowers to improve their credit.HousingWire: 2023 has been rough for mortgage lending with mortgage applications down around 60
Read MoreTitle insurer Doma sells Florida retail offices

A week after announcing a pivot in its business strategy, publicly traded title insurance firm Doma announced the sale of its retail operations in Florida on Tuesday.Doma’s Florida operation was purchased by Near North Title Group for an undisclosed sum. Near North Title Group purchased Doma’s Midwe
Read MoreThe Latest Trend In Outdoor Design Is Sustainability

Ethical and stylish? Yes!
Read More$4.2 Million Boulder Loft Offers Stylish Luxury With An Industrial Edge

With a history primarily defined by the transition from a Wild West mining town to a hub for scientific research and the tech industry, Boulder, Colorado, is at once r...
Read MoreThe Real Brokerage names Jenna Rozenblat as COO

The Real Brokerage Inc. has promoted Jenna Rozenblat to chief operating officer. In her new role, Rozenblat will be responsible for overseeing Real’s day-to-day operations, implementing strategies to enhance efficiency and ensuring the execution of the virtual brokerage’s tech vision. Prior to her p
Read MoreGSE single-family pricing framework changes should streamline capital requirements, HPC says

The Housing Policy Council (HPC) is urging the Federal Housing Finance Agency (FHFA) to modify its proposed government-sponsored enterprises (GSEs) single-family pricing framework, including coordination with banking regulators to streamline capital requirements and retention of upfront guarantee fe
Read MoreMaui locals worry wildfires could worsen affordable housing shortages

The devastation wrought by wildfires is exacerbating a long-running housing crisis on the island of Maui, pitting locals and Native Hawaiians — many of whom rent — against billionaires and real estate developers, the Washington Post reported Monday.The future of Lahaina, an island community that is
Read MoreGary Keller: Good agents will still thrive in a stormy market

Gary Keller took to the stage at the 2023 Keller Williams Mega Agent Camp in Austin, Texas, Tuesday morning with his usual bravado: a black-and-white video featuring his favorite animal, the buffalo, in a thunderstorm, alongside a motivational message for agents. Rather than fear the storm, Keller W
Read MoreMortgage applications for new construction homes ticked up in July

With strong demand and limited options for existing homes, many homebuyers are turning to new construction. Mortgage applications for new construction home purchases increased 35.5% in July on a year-over-year basis, according to the Mortgage Bankers Association (MBA) Builder Application Survey (BAS
Read MoreSurviving non-QM lenders are gaining business now

Non-QM lender Acra Lending is projecting mortgage originations will increase in 2023 to about $2.6 billion, up from $2.1 billion last year, says CEO Keith Lind, “and we’ve been profitable every month this year, and every quarter.”Lind says Acra’s success in a punishing operating environment that has
Read MoreFormer employees sue Rocket for unpaid overtime wages

Two former employees have filed a class-action lawsuit against Rocket Mortgage for allegedly failing to pay overtime wages. That’s at least the second case that targets the Detroit-based lender for unpaid wages. Brittany Roseboro and John Glover claim that Rocket’s leadership required them to attend
Read MoreHomebuilder confidence declines for the first time in 2023 amid 7% rates

Homebuilder confidence declined for the first time this year in August, reflecting the difficulties of 7% mortgage rates and reduced housing affordability.The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report showed that builder confidence fell 6 points from
Read MoreTime is up: Are you ready for Fannie Mae’s new prefund QC requirements?

Loan quality control is again top of mind for lenders, partially due to the wave of loan-repurchase requests from Fannie Mae and Freddie Mac earlier this year. Higher loan volumes in 2020 and 2021 led to proportionally more repurchase requests, and the industry is taking another look at their risk m
Read MorePrice Comps: What’s Selling And What’s Listing In New York And Los Angeles

While on opposite coasts and consisting of disparate inventory, New York City and Los Angeles share similarly competitive markets and, as such, have some of the most expensive real estate in the country.
Read MoreExperts Share Tips On Dealing With Home-Based Allergies And Sensitivities

Chemicals in our air may also be interacting with traditional airborne allergens, she adds, and other air pollution issues like the smoke and ash from wildfires can al...
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