Rocket-Redfin Agreement Raises Questions About Bay Equity’s Future
Rocket's acquisition of a distributed retail lender, which achieved $4.5 billion in originations, signals potential strategic moves for Bay Equity and market dynamics.
Analysis of Growth Strategies Employed by eXp and Compass
eXp Realty and Compass rank among the top five movers in the RealTrends Verified Brokerage Rankings, highlighting their significant growth and market impact strategies.
California Housing Affordability Gap Persists for Black and Hispanic Residents
Only 18% of Californians can afford the median-priced home, highlighting significant affordability issues, particularly for Black and Hispanic communities. Continue Reading Report: California’s Housing Affordability Gap Remains Wide for Blacks and Hispanics
The post Report: California’s Housing Affordability Gap Remains Wide for Blacks and Hispanics
Independent Brokerage Partners with Zillow on Consumer Connect Program
West USA Realty aligns with eXp Realty and NextHome, endorsing Zillow’s listing standards and participating actively in the current CCP debate.
Existing Home Sales Decline by Almost 6 Percent
"Explore insights on existing-home prices and sales trends affecting private lenders, including a recent increase in median home prices."
Decline in Profit Margins for First Quarter Home Sales
"Rob Barber of ATTOM highlights significant declines in home sales profit margins, particularly in key markets like Florida and California. Insights for private lenders."
Mortgage Demand Declines 13% Amid Rising Interest Rates
Mortgage rates climbed to 6.90% this week, leading to a decrease in applications. Insights from MBA's Joel Kan highlight market shifts for private lenders.
Pennymac’s profits decline while servicing portfolio reaches $680 billion.
Pennymac's Q1 earnings reflect lower revenue, yet it maintains a substantial servicing portfolio, positioning itself as a key player in the mortgage industry.
First American CEO awarded severance amid cruise ship assault allegations.
Ken DeGiorgio, ex-CEO of First American Financial Corp., is set to receive a substantial payout after his recent termination, raising industry eyebrows.
New Down Payment Assistance Programs Announced Recently
Explore the increase of down payment assistance programs, with 990 options available through local housing finance agencies, benefiting private lenders nationwide.