MLSs Consider Independence from Realtor Associations
Industry executives at CMLS expressed concerns that associations may lose relevance unless they articulate their value beyond traditional MLS services.
Growth in Commercial and Multifamily Mortgage Debt Observed in Q2
Commercial and multifamily mortgage debt rose to $4.88 trillion, with multifamily loans increasing to $2.19 trillion, indicating steady growth in the sector.
California Wildfire Victims Gain Mortgage Protection Under New Bill
California's new legislation offers up to 12 months of mortgage relief for homeowners affected by wildfire, aiding recovery and rebuilding efforts post-firestorms.
OceanFirst Withdraws from Mortgage Sector, Transfers Origination to Embrace
OceanFirst Bank will exit mortgage origination and collaborate with Embrace Home Loans to enhance financing options for its customers, a company spokesperson stated.
Fannie Mae forecasts mortgage rates will reach 6.4% by the end of 2025.
Fannie Mae's ESR group adjusts its real GDP growth projections for 2025 and 2026, now estimating 1.5% and 2.1% growth on a Q4/Q4 basis.
Snapdocs Integrates eClosing Solutions with Vesta Technology
Snapdocs now facilitates a significant portion of U.S. real estate transactions, allowing Vesta’s LOS customers to manage closings seamlessly and efficiently.
Katie Sweeney lawsuit intensifies with broker group’s counterclaims.
Katie Sweeney's lawsuit against AIME demands $280,000 in unpaid compensation, while the association accuses her of misconduct, raising industry concerns.
Houston’s $351K Median Price Exceeds Affordability of Texas Metros
Texas metro housing prices show considerable variance, with Houston offering more accessible opportunities for buyers excluded from the Dallas and Austin markets.
Homeowners in New York and DC poised for significant savings from SALT cap increase.
New legislation under President Trump's initiative increases the tax deduction limit for private lenders from $10,000 to $40,000, enhancing potential investment returns.
Former NASA Manager and Spouse Admit Guilt in Mortgage Fraud Case
Ex-NASA manager and spouse plead guilty in a mortgage fraud case, facing potential prison time and hefty fines, raising concerns in the lending industry.