Freddie Mac generated $2.94 billion in net income in the second quarter, up 41% from the first quarter and 20% year-over-year. Like its larger government sponsored enterprise cousin Fannie Mae, Freddie Mac’s second quarter was boosted by rising home prices. Executives on Wednesday said home prices r

New York-based Rithm Capital executives see surging rates and increasing capital requirements for banks as an opportunity to acquire diversified assets and operational platforms at a time when the parent company of New Rez and Caliber plans to spin off its mortgage business.  “If you think about whe

For all the confusion and volatility that the pandemic caused the mortgage industry, it was clear that the near-zero interest rates were always going to be temporary. After many warnings, The Fed finally made its move in March 2022. Its aggressive inflation-crushing policy extinguished the greatest

Zillow Group‘s new-construction listings will be automatically syndicated to Redfin. The deal between the listing platforms comes as new construction listings form roughly 30% of the housing sales market.The partnership is aimed at expanding the reach of homebuilder listings on Zillow, allowing Redf

Stavvy, a fintech company specializing in digital and remote collaboration for lending and real estate companies, acquired Brace, a digital mortgage servicing platform.Terms of the deal were not announced.With the acquisition, servicers and homeowners looking for mortgage assistance will have access

Fannie Mae netted $5 billion in profits in the second quarter, up $1.22 billion from the first three months of the year. Executives attributed the swollen profits to the continued strength of home prices, which have risen 5% in the first six months of the year.In fact, Fannie Mae is no longer predic

The appropriations committees in both the U.S. House of Representatives and the U.S. Senate last week put forward their versions of the Fiscal Year 2024 (FY24) Transportation, Housing and Urban Development (T-HUD) appropriations bills. The House version features nearly $2 billion less funding for th

More than 2,200 different multifamily lenders provided $480.1 billion in new mortgages for apartment buildings with five or more units in 2022, a reduction of around 1% when compared to 2021 levels. This is according to an annual report of the multifamily lending market compiled and released by the

The Swann Group, led by Rachel Swann, has joined Coldwell Banker Realty in Northern California from Compass. The five-person team is known for its luxury property business in San Francisco and in Northern California’s wine country. Swann’s team closed $101 million in sales volume in 2022, according

The Federal Reserve met again on July 26th and made the decision to raise interest rates another quarter percent. This decision has significant implications for the real estate industry, particularly for those looking to purchase a home or refinance their current mortgage. In this blog post, we'll d

Higher borrowing costs across the world took a toll on annual foreign investment in U.S. existing homes last year. Foreign buyers purchased $53.3 billion worth of U.S. existing homes from April 2022 through March 2023, down 9.6% from the previous year, according to a new report from the National Ass

This year’s HousingWire Women of Influence list recognizes a remarkable group of women in housing who represent the pinnacle of excellence and innovation. These extraordinary women have shattered glass ceilings, defied expectations and carved a path of success through their dedication, expertise and

Brena Nath, Director of HW+ and EventsLeading up to this issue, I’ve been building the Women of Influence panels for October’s HousingWire Annual in Austin, Texas. One of my biggest takeaways in planning and hosting dedicated Women of Influence sessions at our flag-ship event is that these sessions

Dallas, Texas-based Mr. Cooper Group on Tuesday announced it has completed the acquisitions of Home Point Capital and Roosevelt Management Company. With the deals, Mr. Cooper has moved closer to its $1 trillion mortgage servicing rights (MSR) portfolio target. Mr. Cooper concluded on Monday a tender

Today I’m going to focus on home prices around the country. How much will home prices climb over the next year? All year, the strength of homebuyer demand and the tight supply of homes for sale has meant that the market pretty rapidly found a floor on the home-price correction of 2022. Even as mortg

Chime Technologies, a real estate tech innovator based in Phoenix, Arizona, has recently integrated ChatGPT functionality into its platform to streamline content creation for real estate marketing and communications. This integration marks a significant step towards enhancing the platform’s generati

Finding a dream home for your buyers can be difficult in a market plagued by low inventory and high demand. So what do you do when your buyers include more than a couple looking for their starter home or a growing family looking to raise their children? Throwing grandparents, adult siblings or in-la

The Schmidt Family of Companies, the parent company of Coldwell Banker Premier Properties, has announced its market expansion in Florida through the strategic acquisition of a sales office in Palm Coast.The acquisition involves the Palm Coast office from Coldwell Banker Realty in Florida. Situated i

When the Federal Reserve slashed interest rates to zero on March 15, 2020 and set off an extraordinary real estate boom, Rocket Mortgage was ready. The Detroit-based lender’s unmatched combination of name recognition, digital infrastructure and consumer technology enabled it to originate more than $