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Lenders witness surge of mortgage demand this week

May 9, 2025 by bp56691
New American Funding’s Patty Arvielo shared that Tuesday was NAF’s best day for applications in three years. Can it continue?
Categories Data & Visuals, First-Time Homebuyers, HWmember, Mortgage, Mortgage Applications, Mortgage Bankers Association, New American Funding, Patty Arvielo, Purchase Applications, Refinancing

Los Angeles County event will assist reverse mortgage borrowers with wildfire recovery

May 9, 2025 by bp56691
Impacted reverse mortgage borrowers in Los Angeles County can find assistance and resources at the event in Altadena.
Categories California, HECM, HWmember, Los Angeles, Reverse, Wildfire

Robert Reffkin on Compass’s pre-marketing strategy: What’s the downside?

May 8, 2025 by bp56691
Robert Reffkin on Compass’s pre-marketing strategy: What’s the downside?
Compass’s market share has peaked, rising from 4.47% a year ago to 6% at the end of March, while its principal agent count jumped to 20,656.
Categories Brokerage, Clear Cooperation, Compass, Earnings, HWmember, Real Estate, Robert Reffkin

Rocket shifts focus to integration after Q1 growth in originations and M&A

May 8, 2025 by bp56691
Lower rates helped Detroit-based Rocket Companies improve its originations in the first quarter of the year, a period also marked by the announcement of two major acquisitions, Redfin and Mr. Cooper. 
Categories Earnings, HWmember, LendingLife, Mortgage, Mr. Cooper, Origination, Redfin, Rocket Companies, Rocket Mortgage

Frederick Warburg Peters joins Brown Harris Stevens

May 8, 2025 by bp56691
Frederick Warburg Peters joins Brown Harris Stevens
Real estate industry veteran and founder of Warburg Realty is joining Brown Harris Stevens. Warburg Realty sold to Coldwell Banker in 2021.
Categories Coldwell Banker, HWmember, New York, New York City, People Movers, Real Estate

NAR: Home prices are up in 83% of metros

May 8, 2025 by bp56691
NAR: Home prices are up in 83% of metros
According to the National Association of Realtors, 189 of 228 metro areas saw an uptick in the median price for a single-family home.
Categories Affordability, California, Data & Visuals, First-Time Homebuyers, Home Prices, Homebuyers, Housing Market, HWmember, national association of realtors

Zillow posts strong Q1, touts listing transparency and app traffic

May 7, 2025 by bp56691
CEO Jeremy Wacksman said the company remains on track to meet its full-year goals, including low- to mid-teens revenue growth.
Categories Clear Cooperation, Earnings, HWmember, Real Estate, Real Estate Listings, Rental Properties, Zillow, Zillow Premier Agent

Finance of America posts a profit, beats funded volume estimates in Q1 2025

May 7, 2025 by bp56691
Finance of America posts a profit, beats funded volume estimates in Q1 2025
One of the nation’s leading reverse mortgage lenders posted positive financial results in Q1 2025, leading to a rise in its share price.
Categories Earnings, Finance of America, Graham Fleming, HECM, HWmember, Reverse

Is it a good time to sell a house? ‘No’ is increasingly the answer

May 7, 2025 by bp56691
Is it a good time to sell a house? ‘No’ is increasingly the answer
Despite tariff concerns, the April Home Purchase Sentiment Index from Fannie Mae ticked up by 1.1 points compared to March.
Categories Altos, Consumer confidence, Data & Visuals, Fannie Mae, Homebuyers, Housing Market, HWmember, Tariffs

The Fed is preparing for rate cuts, but waiting on job losses

May 7, 2025 by bp56691
The Fed is preparing for rate cuts, but waiting on job losses
Powell emphasized that if the labor market deteriorates, the Fed has the ability to cut rates appropriately to mitigate the labor damage.
Categories Federal Reserve, Housing Market, HWmember, Inflation, Jerome Powell, Tariffs
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