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Why foreclosures are still below pre-pandemic levels

May 13, 2025 by bp56691
Why foreclosures are still below pre-pandemic levels
Foreclosure data showed little stress for many years prior to the onset of COVID-19 and it has continued to perform well since then.
Categories FICO, Foreclosure, Housing Market, HWmember, New listings

Appraisal Institute executive accused of harassment withdraws from public appearances

May 13, 2025 by bp56691
The Appraisal Institute (AI) executive who’s been accused of sexual misconduct by multiple women has decided to keep a low profile.
Categories Appraisals, Appraisals and Valuations, HWmember, Lawsuit

Texas Capital Bank appeals case against Ginnie Mae over reverse mortgage collateral

May 13, 2025 by bp56691
The suit between Texas Capital Bank and Ginnie Mae has been revived after the bank filed an appeal this week with the Fifth Circuit.
Categories FHA, Ginnie Mae, HECM, HWmember, Lawsuit, Legal, Reverse, Texas Capital Bank

ServiceLink expands closing technology

May 13, 2025 by bp56691
The latest enhancements allow users to schedule closings in real-time with expanded options for online and in-branch appointments.
Categories Closings, eClosing, eSignature, Home Equity, HWmember, Mortgage, Refinancing, ServiceLink, Technology, Title

Redfin stockholder files suit over disclosures in Rocket deal

May 12, 2025 by bp56691
Redfin shareholders are set to vote on Rocket’s acquisition of the firm next month, but one stockholder has issues with the disclosures.
Categories Glenn Kelman, Goldman Sachs, HWmember, Lawsuit, Legal, Mergers and Acquisitions, Mortgage, Real Estate, Redfin, Rocket Companies

HUD secretary defends repeal of fair housing rule

May 12, 2025 by bp56691
The rule required local governments to analyze housing patterns for racial and economic disparities and submit corrective plans to HUD.
Categories Discrimination, Fair Housing, Housing Market, HUD, HWmember, National Fair Housing Alliance, Politics, Regulatory, Regulatory Compliance, Scott Turner, Trump Administration

More home sellers and home sales in May

May 12, 2025 by bp56691
More home sellers and home sales in May
The risk for this market is mortgage rates going higher. Even as the stock market has rebounded, the bond market has kept rates high.
Categories Affordability, Altos, Data & Visuals, Home Prices, Home Sales, Housing Market, Housing Market Data, HWmember, Mortgage Bankers Association, Pending Home Sales, Real Estate Listings

ERA Real Estate franchise affiliate announces Texas partnership

May 12, 2025 by bp56691
The combined firms now represent 111 agents who handled 1,563 transactions and $738 million in sales volume in 2024.
Categories Brokerage, First-Time Homebuyers, HWmember, Partnerships, Real Estate, Real Estate Agents, Texas

Mortgage demand still staying firm with elevated rates

May 10, 2025 by bp56691
Mortgage demand still staying firm with elevated rates
As the spring home-buying season winds down, the demand for mortgages is holding steady, even with the higher rates.
Categories Housing Inventory, Housing Market, Housing Market Tracker, HWmember, Mortgage Rates, Purchase Applications, Tariffs

eXp Realty launches land and ranch division

May 9, 2025 by bp56691
The new division is designed to support agents working in a growing sector of the housing market with tools tailored to land and ranch transactions.
Categories Brokerage, eXp Realty, eXp World Holdings, HWmember, Real Estate, Real Estate Agents
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