HousingWire Magazine: October/November Supplement – HousingWire
Perhaps the only predictable thing about the mortgage industry is its unpredictability. We all know the market is cyclical, but no one enjoys seeing the downside,...
Building a fairer financial future with rent payment reporting
California’s SB 1157 has made a significant impact on the lives of tenants in subsidized housing developments. This groundbreaking state-specific law mandates that landlords who own...
Housing inventory is seeing unusual gains in November. Should we be worried?
https://www.youtube.com/watch?v=BmRSih63PuE
Last week, I asserted that housing inventory growth had finished for the year. Turns out I was wrong!This week, the available inventory of unsold single-family homes...
American Pacific Mortgage names Bill Lowman chairman of the board
California-based retail lender American Pacific Mortgage (APM) has named vice chairman Bill Lowman as its chairman of the board, succeeding APM founder Kurt Reisig.
Lowman will continue...
Tracy Kasper officially installed as NAR’s new president
The National Association of Realtors officially installed its new leadership team for 2024 at the trade organization’s annual conference, NAR NXT, in Anaheim, California, last week.
Tracy...
Opinion: Brokerage economics and the $1.8b damages in the commission lawsuit
While reading about the $1.8 billion dollar damages claim assessed against the National Association of Realtors, Keller Williams and HomeServices, I wondered what impact this could...
Department of Veterans Affairs pauses VA loan foreclosures for 6 months
The Department of Veterans Affairs (VA) is pausing foreclosures on homes financed with VA loans for six months to help military borrowers in danger of losing...
Court approves RE/MAX, Anywhere’s commission lawsuit settlements
RE/MAX and Anywhere Real Estate can breathe a sigh of relief. The two corporate brokerages have received preliminary approval of their settlement agreements in the Sitzer/Burnett,...
Opinion: Sitzer/Burnett decision presents an uncertain future for buyer agents
Real estate agents are facing a contracting issue that could seriously upend the traditional housing landscape. The Sitzer/Burnett trial out of Kansas City found the National...
Have lower mortgage rates already boosted housing demand?
Purchase application data
Last year, when mortgage rates fell from 7.37% to 5.99%, we got three good months of positive purchase application data until the first week...