Real estate brokerage eXp Realty has entered into an affiliated business agreement with Orlando, Florida-based title firm Citrus Closing Group, according to an announcement on Thursday. “We are thrilled about the prospects of our exciting new partnership with eXp Realty, anticipating a wealth of opportunities and collaborative success ahead,” Jeremy Webb, the president of Citrus […]
Redfin is back to offering refunds to homebuyers but this time under a new name. Launched on Thursday, the brokerage’s Sign & Save program provides buyers who sign up to work with a Redfin agent before their second home tour — and who purchase a property with that agent within 180 days of signing the […]
In a high-rate environment, Pennymac Financial Services delivered profits in 2023, mainly due to the performance of its servicing portfolio. That’s despite a net loss in the last quarter of the year attributable to the resolution of a long-standing arbitration process with Black Knight regarding its servicing technology and losses in mortgage servicing rights (MSR) fair value. “2023 was […]
When will the mortgage industry know it has reached the tipping point where innovation is no longer a competitive advantage but an existential need? Maybe
For many real estate professionals, 2023 was the year of the commission lawsuit, and the year could not end without one last copycat suit. Filed
Some people still think of social media platforms as places where your grandma’s dance moves go viral and your dog has more followers than you.
The Financial Crimes Enforcement Network (FinCEN) as of Jan. 1, 2024, is accepting beneficial-ownership information reports from existing and newly created companies, a mandate that applies to
The 2023 housing market faced one of the same roadblocks we saw in 2022: mortgage rates were too high for home sales growth. Now that
Affordability remains a critical issue in virtually all conversations about housing, and few people understand that reality better than leading housing and mortgage industry advocacy
The “silver tsunami” — a colloquialism referring to aging Americans changing their housing arrangements to accommodate aging — could have more of an impact on the housing market this year, according to analyst Meredith Whitney in a conversation with Yahoo Finance. “[T]he other major demographic trend you see is the
When will the mortgage industry know it has reached the tipping point where innovation is no longer a competitive advantage but an existential need? Maybe when it consistently fails to attract viable, aspirational customers (in part because it is cycling through last year’s leads and legacy customers instead of innovating
For many real estate professionals, 2023 was the year of the commission lawsuit, and the year could not end without one last copycat suit. Filed last Wednesday in the Western District of Missouri, the Umpa suit, named after its lead and only plaintiff Daniel Umpa, accuses the real estate industry
Some people still think of social media platforms as places where your grandma’s dance moves go viral and your dog has more followers than you. While that may be accurate, as digital platforms continue to evolve at an exceptional rate, it has become nearly impossible for businesses to thrive without
The Financial Crimes Enforcement Network (FinCEN) as of Jan. 1, 2024, is accepting beneficial-ownership information reports from existing and newly created companies, a mandate that applies to many real estate-related entities. FinCEN, part of the U.S. Department of Treasury, has been authorized to collect the reports, a requirement established under the Corporate Transparency Act of 2021.
The 2023 housing market faced one of the same roadblocks we saw in 2022: mortgage rates were too high for home sales growth. Now that we’re in 2024, the Federal Reserve‘s rate hike cycle is over, so let’s look at what that means for housing demand and home prices. However,