loanDepot promotes David Smith to vice president of national VA lending
loanDepot has appointed David Smith to the newly-created position of vice president of national VA lending, the company announced on Monday.
In this role, Smith, a former...
Banks report tighter lending standards for mortgages, HELOCs in Q3
Banks have tightened lending standards for most categories of residential real estate (RRE) loans and home equity lines of credit (HELOC) over the third quarter of...
Newrez launches mortgage JV with $4B Keller Williams group in New Jersey
Newrez has launched a new joint venture mortgage company, Carnegie Mortgage Partners, in collaboration with a top Keller Williams franchise network in Bergen County, New Jersey,...
Top indie brokerage John L. Scott acquires Sterling Johnston Real Estate
West Coast juggernaut independent brokerage John L. Scott Real Estate has acquired boutique brokerage Sterling Johnston Real Estate in Redmond, Washington. The acquisition brings 43 additional...
Compass cuts losses in Q3, addresses commission lawsuit threat
Compass surprised positively in the third quarter of 2023 by posting a number of strong results. The brokerage’s national quarterly market share grew by 26 basis...
Opinion: Bank capital requirements would put squeeze on mortgage market
In September, the nation’s banking regulators released a proposal to increase the capital required of banks with more than $100 billion in assets. The effort was...
Freddie Mac elects Lance Drummond as next board chair
Freddie Mac announced Tuesday that Lance Drummond will be the chair of its board of directors due to Sara Mathew’s retirement in February 2024, as required by...
5 ways to provide overwhelming value to buyer clients
It’s a fact: Buyer-side commissions are no longer a guarantee and no longer an entitlement. You can’t just assume you’ll be receiving a set percentage on...
Agent commission lawsuits cast long shadow over VA, FHA borrowers
The guilty verdict of the landmark Sitzer/Burnett commission lawsuit case sent shockwaves across the real estate industry. In the aftermath, one of the most contentious issues...
Is this the beginning of the end of the housing market recession?
https://www.youtube.com/watch?v=JzxUujdIf5s
While home prices in the U.S. held up in 2023, sales volume in the housing market cratered. Consumers care about home prices and mortgage rates; the...