Rocket executives build servicing, AI tools amid still challenging market

Despite some recent relief from mortgage rates, top executives at the parent of Rocket Mortgage continue to expect a challenging landscape for the...

Modular homebuilding startup Veev on the verge of bankruptcy

Veev, a promising modular homebuilding company that’s raised $600 million, could close after a plan for a capital raise failed, according to reporting...

Existing home sales retreated in March: NAR

Existing home sales slumped last month under the weight of elevated mortgage rates. Existing home sales receded by 4.3% in March to a seasonally...

Reverse mortgage retail originations beat wholesale numbers in 2023

The reverse mortgage industry already knew that Home Equity Conversion Mortgage (HECM) endorsement volume in 2023 was cut nearly in half compared to...

Ginnie Mae revises definition of high-balance loans in new guidance

Government-owned corporation Ginnie Mae announced on Wednesday that it has revised its definition for high-balance loans, conforming to new limits announced earlier this...

Mortgage rates continue a downward trend in the twilight of 2023

As we prepare to bid adieu to 2023, mortgage rates this week again stayed below seven percent. The 30-year fixed-rate mortgage averaged 6.61% as...

6 best Michigan real estate schools for 2024

Vetted by HousingWire  |  Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. To...

SingleSource’s new app to support to Fannie Mae’s Value Acceptance + Property Data program

Property services provider SingleSource Property Solutions has launched a new data collection solution for appraisal supported by SingleVue, its new mobile app, the...

The pandemic-induced migration boom is waning: Redfin

As companies gradually enforce back-to-the-office policies, the share of homebuyers trying to relocate to a different metro area decreased in November for the...

Rocket delivers $291M profit amid improved margins and MSR acquisitions

Rocket Companies, the parent of Rocket Mortgage, delivered a profit in the first quarter of 2024 through initiatives to reduce costs and increased investments...