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Oren Alexander faces another rape allegation

January 3, 2025 by bp56691
A woman filed a civil suit in Colorado this week, alleging that the real estate broker and his twin brother drugged and raped her in 2017.
Categories Alexander brothers, Lawsuit, Legal, Official Partners, Real Estate, Side Real Estate

New CMLS leader John DiMichele on the state of multiple listing services

January 3, 2025 by bp56691
New CMLS leader John DiMichele on the state of multiple listing services
HousingWire real estate reporter Jeff Andrews sat down with John DiMichele, the new chair of the Council of Multiple Listing Services (CMLS), to discuss the state of MLSs and their future in a rapidly changing real estate environment.
Categories HWmember, MLS, NAR Lawsuit Settlement, national association of realtors, Real Estate

California will require home insurers to offer policies in high-risk wildfire areas

January 3, 2025 by bp56691
California has a new regulation that aims to increase home insurance options in wildfire-prone areas after some insurers left the state.
Categories California, Homeowners insurance, Housing Market, insurance, Regulatory, Wildfire

Reverse mortgage leaders on partnering with the forward side in 2025

January 3, 2025 by bp56691
The reverse mortgage industry seeks to build its positive momentum this year after collaborating extensively with forward lenders in 2024.
Categories Fairway Independent Mortgage, Guild Mortgage, HECM, HWmember, New American Funding, NRMLA, Reverse

Jobless claims keep mortgage rates elevated

January 2, 2025 by bp56691
Jobless claims keep mortgage rates elevated
Today, the jobless claims data again showed why mortgage rates continue to be elevated, confirming that the labor market isn’t breaking.
Categories Department of Labor, Federal Reserve, Housing Market

Reverse mortgage case number metric reaches highest level in two years

January 2, 2025 by bp56691
HECM case number assignments hit a two-year high point in October, marking an encouraging sign for a challenging reverse mortgage market.
Categories HECM, Reverse, Reverse Market Insight

Trump’s pick to lead HUD has opposed aid programs for the poor

January 2, 2025 by bp56691
A ProPublica report examined prior statements and legislative activity by Turner, who dismissed the report as painting a “negative picture.”
Categories HUD, Mortgage, Politics, Regulatory, Senate, Texas, Texas State Legislature

Mortgage demand drops 22% during holidays as rates move higher

January 2, 2025 by bp56691
Mortgage demand drops 22% during holidays as rates move higher
Rising mortgage rates suppressed applications in the MBA’s final mortgage applications survey index of 2024, released on Thursday. Unsurprisingly, application volume dropped significantly even with a seasonal adjustment to account for the holidays.
Categories LendingLife, Mortgage Applications, Mortgage Bankers Association, Mortgage Rates, Origination, Purchase Applications, Refinancing

JPAR’s Tiffani Marroquin urges real estate firms to view AI as a collaborative partner, not a threat

December 30, 2024 by bp56691
In a new episode of the RealTrending podcast, JPAR’s Tiffani Marroquin urges agents and brokerages to embrace ChatGPT and other AI tools.
Categories Artificial Intelligence, Podcast, Podcasts, Real Estate, Real Estate Agents, Technology

Housing inventory is up, but so are unsold listings. Are renters to blame?

December 30, 2024 by bp56691
Rising housing inventory levels in 2024 may not be the positive sign of market health that they appear to be, according to Redfin data.
Categories Home Sales, Housing Inventory, Housing Market, Mortgage Rates, Redfin, Renters, Single-Family Rentals
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