FHFA Increases GSE Funding Cap for Low-Income Housing Tax Credits
Fannie Mae and Freddie Mac are set to increase their annual investments in Low-Income Housing Tax Credit properties significantly, enhancing affordable housing initiatives.
Christie’s International Real Estate Southern California introduces crypto division.
A new luxury real estate division launches with over $1 billion in listings, featuring a record-breaking home available for cryptocurrency transactions.
Rithm Plans Acquisition of $1 Billion in Home Improvement Loans
Asset manager secures $1 billion in home improvement loans via a one-year flow agreement with fintech firm Upgrade, enhancing lending strategies and market reach.
Rocket Revitalizes Real Estate Division, Partners with Redfin for Home Search
Rocket Homes will redirect users to Redfin for home searches after August 4, enhancing the home-buying experience with a reliable platform transition.
HECM Endorsements Reach Highest Level Since February
Reverse mortgage market shows signs of recovery in July, with increased HECM endorsements and HMBS issuance following a dip in June, suggesting renewed activity.
Senate Passes Legislation Banning Trigger Leads in Mortgage Industry
Senate passes a bill to prohibit trigger leads, a significant development noted by MBA President Bob Broeksmit as a much-needed reform for the industry.
Job Data Falls Short of Expectations with Significant Revisions for May and June
The July jobs report reveals a significant shortfall in job creation, along with major revisions to previous employment figures for May and June, impacting market outlook.
Jobs Report Shortfall May Influence September Rate Cut and Mortgage Rates
The latest jobs report indicates a potential shift in economic trends. Private lenders may want to reassess their strategies in light of this data.
Rocket Reaches Profitability in Q2, Gains from Redfin Partnership
Rocket Companies has regained profitability, overcoming a challenging mortgage market influenced by U.S. economic uncertainties, signaling resilience in the sector.
Redfin Incorporates CubiCasa’s Interactive Floor Plans
CubiCasa's innovative technology enables agents and photographers to create detailed floor plans and virtual tours with just a smartphone scan, enhancing property marketing.