Mr. Cooper’s automated phone systems, website are back up following cyberattack
The automated phone systems and website of lender and servicer Mr. Cooper are running again following a cybersecurity incident that forced the company to lock down...
RE/MAX Holdings appoints Erik Carlson as new CEO
After a nearly two-year search, RE/MAX Holdings, the parent company of brokerage firm RE/MAX, has found its new CEO. The board of directors has appointed Erik...
Why your LOS isn’t delivering a bespoke borrower experience (and what to do about...
In the world of mortgage lending, there’s an all-too-common sentiment that echoes through the industry: “My loan origination system (LOS) sucks.” Regardless of the specific LOS...
Mortgage rate lock volume remained flat in October amid headwinds
Affordability headwinds continued in the mortgage industry with mortgage rate lock volume remaining virtually flat in October. Both purchase and refinance volumes continued to wane in...
Housing inventory growth slows to a halt
Weekly housing inventory data
All I wanted for Thanksgiving and Christmas was just a few weeks of active inventory growth between 11,000 – 17,000. But even with...
All-cash transactions gain traction amid high mortgage rates: Redfin
In September, all-cash purchases represented one-third of the U.S. home purchases, compared to 29.5% a year ago, according to a Redfin report. It’s the highest share...
Commission lawsuits spread to Manhattan
It appears that no real estate brokerage firm in the U.S. is safe from a commission lawsuit. On Wednesday, Manhattan home seller Monty March filed a...
Will falling mortgage rates entice potential homebuyers off the sidelines?
Mortgage rates this week saw the biggest one-week decline in a year and potential homebuyers waiting for rates to drop responded, said Josh Mettle, division president...
Commission lawsuits pile up: NAR, Keller Williams named in new South Carolina case
Another day, another commission lawsuit — this time in South Carolina. On Monday, plaintiff Shauntell Burton filed a federal antitrust lawsuit in the U.S. District Court...
Fidelity and Doma report Q3 title earnings
Fidelity National Financial finished out third-quarter earnings reporting for the Big Four title firms this week, hosting its earnings call with investors and analysts Wednesday morning.
While...