FirstTeam Expands Its Presence with a New Office in Kansas City
FirstTeam expands into Kansas and Missouri with a new Kansas City office in partnership with Rival Real Estate, now boasting 62 offices and 2,200 agents.
July Sees a Decline in Existing Home Sales
Median existing home prices rise to $434,100, signaling potential market shifts. Discover the implications for private lenders and investment strategies.
Mortgage Insurers Encounter Expanded Safety Net Requirement for VantageScore 4.0
New guidance mandates mortgage insurers maintain a larger safety net for loans using VantageScore 4.0 compared to those with Classic FICO, impacting risk assessments.
Lenders prompted to address business challenges prior to adopting AI
Panelists at the HW AI Summit emphasized the importance of human oversight and vendor controls in AI to ensure compliance with fair lending regulations.
NAR Reports a 1.7% Decline in Existing Home Sales for July
July saw a 1.7% drop in existing home sales to 4.06 million, while the median price increased by 2.0% to $434,100. Inventory declined to 1.54 million homes.
Maryland Judge Dismisses loanDepot’s Attempt to Dismiss LO Compensation Lawsuit
A federal judge has rejected loanDepot's attempt to dismiss a class-action lawsuit claiming violations of loan officer compensation rules and borrower steering practices.
Implications of Better’s Leadership Change for NEO Home Loans and AI
At the HousingWire AI Summit, Ryan Grant highlighted how NEO's AI-driven workflow enhances underwriting efficiency and accelerates closing processes for lenders.
Compass transaction fee lawsuit may be voluntarily dismissed.
Florida homebuyers are deciding whether to withdraw a lawsuit against Compass regarding a $475 transaction fee, previously seeking class-action status.
Can a cooling labor market sustain mortgage rates under 7% in 2026?
Locked loan data reveals mortgage rates remain around 7%. A disappointing jobs report may influence policymakers and delay anticipated rate hikes.
Signs of Strain in the Fix-and-Flip Market Amid Rising Mortgage Rates
Recent data reveals that 20% of property flippers sold homes below estimated after-repair values, highlighting shifting market dynamics and potential risks for private lenders.