Housing demand is up and it’s time to track the spring housing data and see what the selling season will bring. As I always stress, we are working from the lowest bar ever with demand, so let’s add historical context to the data. But, even with mortgage rates higher this year than last year, demand […]
Sparks and personal insults flew between Anthony Lamacchia, the broker-owner of Lamacchia Realty, and Michael Ketchmark, the lead attorney for the plaintiffs in the Sitzer-Burnett commission lawsuit, during their virtual debate hosted by HousingWire on Friday afternoon. The hourlong debate began with both participants discussing their motivations for participating. It devolved into a battle about […]
Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. We’ve all heard the news: over 60,000 real estate agents left the profession in the first half of 2023. This exodus left many brokerages scrambling to replace them and upping their recruiting […]
While sellers of existing homes have struggled with rising rates and softening demand, homebuilders have not only survived, but thrived in this market thanks to
Wells Fargo, once the largest mortgage lender in America, was accused of discrimination through the common industry practice of offering mortgage loan discounts to select
Cleveland, Ohio-based fintech Upright has launched a debt service coverage ratio (DSCR) rental loan to investors, the company announced on Monday. DSCR rental loans are non-qualifying mortgages
A few months ago I published a video where we asked, “How much will home prices gain by the end of the year?” Using a
A former account executive is accusing United Wholesale Mortgage (UWM), the top mortgage lender in the country, of racial discrimination, hostile workplace environment, harassment and retaliation, according
RE/MAX has seen a steady stream of agents and new franchisees over the past three weeks. In late November, the firm announced that Elizabeth Ruehrwein,
In the mortgage business, November typically represents the start of the slow season. While mortgage rates cooled down significantly from October, it wasn’t enough to overcome seasonal, historic trends and low levels of inventory. Lock volume declined 10% last month from October, driven by a 12% drop in purchase locks,
While sellers of existing homes have struggled with rising rates and softening demand, homebuilders have not only survived, but thrived in this market thanks to the use of mortgage rate buydowns, a tool more widely used by builders since their business is selling homes and clearing inventory. Research from the
Wells Fargo, once the largest mortgage lender in America, was accused of discrimination through the common industry practice of offering mortgage loan discounts to select borrowers, CNBC reported. The bank received Matter Requiring Attention (MRA) notice from the Consumer Financial Protection Bureau (CFPB) on problems with loan discounts, CNBC reported
Cleveland, Ohio-based fintech Upright has launched a debt service coverage ratio (DSCR) rental loan to investors, the company announced on Monday. DSCR rental loans are non-qualifying mortgages (non-QMs) used by real estate investors to qualify for a loan based on their property’s cash flow without personal income verification. “Many customers at first
A few months ago I published a video where we asked, “How much will home prices gain by the end of the year?” Using a headline like that should come with a trigger warning. We could see that home prices were inching up, but there are many who think that
A former account executive is accusing United Wholesale Mortgage (UWM), the top mortgage lender in the country, of racial discrimination, hostile workplace environment, harassment and retaliation, according to a lawsuit filed on Dec. 8 in a district court in Michigan. Corey Tucker, a Black man who began at UWM in December 2021,