Sahil Chhabra is bringing his 21-agent team, the Chhabra Group, to eXp, as a so-called “mega team,” the brokerage announced on Thursday. Based in Calgary, Alberta, the Chhabra Group was previously affiliated with RE/MAX. Conversations with eXp top producers Justin Havre and Ibrahim Hussein informed Chhabra’s decision. Since joining the real estate industry in 2020 […]
Liberty Reverse Mortgage, a top 10 reverse mortgage lender owned by Ocwen Financial Corp. and its subsidiary PHH Mortgage Corp., allegedly violated California labor laws by failing to provide employees with rest breaks, meal breaks and appropriate compensation for off-the-clock and overtime work, according to a newly filed class-action lawsuit. The suit, filed by former […]
The Federal Housing Finance Agency (FHFA) announced on Thursday that the transition to new credit score requirements is expected to occur in the fourth quarter of 2025, a decision commended by the mortgage industry. That’s when the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac will acquire single-family loans based on the FICO 10T and VantageScore 4.0 credit models, replacing the Classic FICO […]
Economics professor Teresa Ghilarducci of The New School in New York recently painted a dire picture of the retirement situation in the U.S., calling on policymakers to enact what she calls a “Gray New Deal,” recalling the economic relief and stimulus efforts of President Franklin D. Roosevelt implemented during the Great Depression. Speaking in Washington, […]
Mortgage rates continued to trend up this week and dampen homebuyer momentum. The 30-year fixed-rate mortgage averaged 6.94% as of Feb. 29, an increase from last week’s figure of 6.90%, according to Freddie Mac’s Primary Mortgage Market Survey released on Thursday. Meanwhile, the 15-year fixed rate averaged 6.26% this week, down from 6.29% during the […]
January pending home sales leveled off after December’s surge but remained steady. The softening in sales was primarily a factor of wintry weather rather than declining demand, according to Bright MLS chief economist Lisa Sturtevant. Pending home sales dropped 4.9% month over month in January, according to the newest data from the National Association of […]
The plaintiffs in the Nosalek commission lawsuit and defendant MLS Property Information Network (MLS PIN) have teamed up to ask Judge Patti B. Saris if they can file separate responses to the statement of interest from the Department of Justice (DOJ). The joint motion was filed on Wednesday by MLS PIN, Jennifer Nosalek, Randy Hirschorn […]
How do you know if you’re an introvert or an extrovert? The simple test is to ask yourself: when you’re around a lot of people (say at a party or a real estate event), do you go home after the party and feel like your battery has been charged or do you feel drained? If […]
The U.S. Department of Housing and Urban Development (HUD) on Thursday unveiled a series of new policies that are designed to boost housing supply and affordability across the country, according to HUD and White House officials. Stemming from a housing supply action plan unveiled by the White House in 2022 and a subsequent “Renter’s Bill […]
If you’re struggling to market your business on social media, or worse, haven’t even started yet, you might be in for a rude awakening in 2024. While you were pulling your hair out trying to come up with the perfect post idea, other agents in your farm area just…did it. Sure, they made mistakes, but […]
The Marin County Board of Supervisors in Northern California on Tuesday approved reduced fees to build accessory dwelling units (ADUs) in unincorporated parts of the county, according to an announcement by county officials. Marin County is situated across the Golden Gate Bridge, north of San Francisco. It is a notoriously expensive housing market and maintains […]
Tom Davis, chief sales officer, Deephaven Mortgage Today’s market means that more borrowers have higher debt-to-income ratios, limited access to credit and are looking for alternative ways to get qualified for a mortgage. Tom Davis, chief sales officer at Deephaven Mortgage, offers information about products that can get borrowers qualified and goes into some of […]
The Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) announced this week that they have filed an amicus brief in the U.S. Court of Appeals for the Eleventh Circuit, supporting plaintiffs that allege unlawful fees imposed by Ocwen Loan Servicing, a division of Ocwen Financial Corp. The case involves plaintiffs Sheryl Glover […]
Rocket Companies will soon shut down Rocket Pro Originate, a mortgage origination platform for real estate agents, insurance agents, tax professionals and other financial professionals who are also licensed to originate mortgages. According to a copy of an email sent to affected originators and reviewed by HousingWire, the Rocket Pro Originate platform — part of […]
