Investor Home Purchases Plummet Amidst Declining Housing Market Dynamics
Investor home purchases have plummeted to pre-pandemic lows amid rising prices, mortgage rates, and fewer attractive flipping opportunities.
Community Unity Shines Through Leigh Brown’s Hurricane Helene Relief Efforts
Realtor Leigh Brown transformed her community’s response to Hurricane Helene into a nonprofit relief organization, mobilizing significant aid for victims in North Carolina.
FHA Extends Foreclosure Moratorium and Launches New Housing Initiative with FEMA
The FHA has extended the foreclosure moratorium for hurricane victims and launched a new partnership with FEMA to enhance disaster housing preparedness and recovery.
Joshua Smith Joins eXp Realty, Elevating Global Agent Network and Mentorship
eXp Realty boosts its team by signing top agent Joshua Smith, aiming to expand its global network and enhance mentorship for over 40,000 agents.
Sam Valverde Joins Freddie Mac as Vice President for Mission and Community Engagement
Sam Valverde, former Ginnie Mae acting president, will join Freddie Mac as VP of mission and community engagement, focusing on housing affordability and risk management.
November Jobs Report Shows Strong Labor Market Amid Federal Reserve Challenges
The November jobs report shows resilient job growth, raising challenges for the Fed amid inflation concerns, while the unemployment rate inches up to 4.2%.
Compass Targets Strategic Growth with Major Acquisitions and Enhanced Services in 2025
Compass is set for strategic growth in 2025 with notable acquisitions, expanded services, and a commitment to enhancing the real estate experience for homeowners.
Leslie Meaux Pordzik Retires After 36 Years of Transformative Mortgage Finance Leadership
Leslie Meaux Pordzik, a key figure at Ginnie Mae for 13 years, is retiring after 36 years in mortgage finance, leaving behind a legacy of enhanced compliance and innovation.
New Hampshire’s Housing Crisis Demands Urgent Collaborative Solutions for Growth
New Hampshire faces a housing crisis driven by rapid population growth and restrictive zoning laws, prompting lawmakers and organizations to advocate for urgent reforms.
Ellington Financial Achieves Success with $243 Million Reverse Mortgage Securitization
Ellington Financial has launched a successful $243 million reverse mortgage securitization through Longbridge, boosting profits and stabilizing dividend coverage.
Real Brokerage Expands with Urban Nest Realty’s 400 Las Vegas Agents
Real Brokerage expands its luxury real estate influence by partnering with Urban Nest Realty, adding 400 agents and enhancing its foothold in Las Vegas.
FHFA Reports Increased Foreclosures Despite Significant Homeowner Assistance Efforts
In Q3 2024, the FHFA helped over 43,000 homeowners avoid foreclosure, but foreclosure initiations surged 27%, highlighting ongoing housing market challenges.
Ginnie Mae Launches HMBS 2.0 to Strengthen Reverse Mortgage Market Liquidity
Ginnie Mae’s fiscal year 2024 report highlights its launch of HMBS 2.0 to boost liquidity in the reverse mortgage market and enhance support for older Americans.
SUCCESS Real Estate Closes Abruptly Amid Allegations of Misappropriated Escrow Funds
SUCCESS Real Estate abruptly closed its Greater Boston offices, with potential ties to escrow fund misappropriation, leaving agents and clients in turmoil.
Ginnie Mae Achieves Major Portfolio Growth and Delivers Billions to Government Revenue
Ginnie Mae’s FY24 report reveals a $423.4 billion MBS issuance, aiding 1.2 million households and contributing $1.3 billion to government revenue.
Oyssey Launches to Revolutionize Real Estate Insights Beyond Zillow’s Traditional Listings
Oyssey launches as a new real estate platform, offering rich neighborhood insights and personalized buyer-broker agreements to challenge Zillow’s dominance.
Mortgage Rates Likely to Hold Steady Despite Expected Federal Rate Reduction
As the Fed hints at rate cuts, mortgage rates near 7% are expected to remain stable, impacting housing market dynamics despite rising consumer confidence.