Fewer homes will take a price cut in spring 2024
Traditionally, one third of all homes get a price cut before they sell and when demand gets weaker, this percentage increases, which we saw in 2022...
Older Americans could become their children’s ‘biggest expense’ in coming years, says aging advocate
The seniors who are often the parents of Generation X and Generation Y (millennials) could become a pronounced expense for their kids in the coming years,...
CBO projects FHA to lose $7 billion in 2024 receipts; budget cuts could impact...
The Federal Housing Administration (FHA) faces a potential loss of roughly $7 billion in receipts in 2024, and a failure by Congress to come to terms...
Final approval hearing date set for RE/MAX, Anywhere commission lawsuit settlements
A date for the final approval conference for RE/MAX’s and Anywhere’s settlement agreements in the Sitzer/Burnett, Moehrl and Nosalek commission lawsuits has finally been set.
The conference...
HousingWire to host commission lawsuit debate between Ketchmark and Lamacchia
On Jan. 26, HousingWire will host a virtual debate between Michael Ketchmark, the plaintiffs’ attorney in the Sitzer/Burnett commission lawsuit, and Anthony Lamacchia, CEO of Lamacchia...
G-Rate sues NAF over poaching, alleges violation of LO comp rule
Top-10 mortgage lender Guaranteed Rate has filed a lawsuit against retail rival New American Funding over poaching. But this isn’t your standard poaching lawsuit: G-Rate alleges...
Are we seeing cracks in the labor market?
Slowing job growth doesn’t mean a recession, but today’s jobs report tells me that the significant job gains we were accustomed to in the early part...
Saul Klein to lead San Diego MLS in wake of scandal
San Diego Association of Realtors, which operates one of the country’s largest multiple listing service, has new leadership following the departure of alleged fraudster Mike Mercurio....
Rocket Pro TPO announces updates to existing mortgage products
Rocket Pro TPO – the wholesale arm of Rocket Mortgage – made updates to its existing products to court more brokers.
Its ONE+ program – a conventional...
Pennymac TPO hires former Citizens Bank mortgage executive
California-based Pennymac Financial Services has hired Kristy Dickey, a former executive at Citizens Bank, as first vice president of TPO sales.
Dickey will be responsible for growing...