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Mortgage software firm RETR hires two executive leaders

April 4, 2025 by bp56691
Mortgage software firm RETR hires two executive leaders
Heidi Iverson is the company’s new vice president of growth and Anthony Savala is the new vice president of sales. Both are joining the firm effective April 7, RETR co-founder and CEO Steven Wynands said.
Categories HWmember, Mortgage, People Movers, Team Leaders, Technology, Virginia

How are agents navigating the growing economic uncertainty?

April 4, 2025 by bp56691
How are agents navigating the growing economic uncertainty?
Mortgage rates are down, but so is the stock market, leaving agents stuck in neutral as the height of the spring purchase market approaches.
Categories Home Sales, HWmember, Real Estate, Real Estate Agents, Stock Market, Tariffs, Trump Administration

Experts weigh usefulness of exclusive listings

April 4, 2025 by bp56691
A Bright MLS study found that nearly 90% of office exclusives eventually transition to a standard MLS listing before going under contract.
Categories Bright MLS, Clear Cooperation, Compass, HWmember, MLS, national association of realtors, Real Estate

Longbridge has a new addition to its proprietary reverse mortgage suite

April 4, 2025 by bp56691
Platinum Peak aims to offer higher LTVs for borrowers, with Longbridge saying it could help those who previously came up short.
Categories HECM, HWmember, Lenders, Longbridge Financial, Reverse

The lean, mean (illegal?) 1099 LO machine

April 4, 2025 by bp56691
The lean, mean (illegal?) 1099 LO machine
A revealing look into the high-stakes (and legally murky) world of 1099 loan officers, recruiter tactics, and what some see as a blatant end-run around LO Comp rules.
Categories HWmember, Legal, Loan Officer, Mortgage, Tax

Trump spares homebuilders on Canadian and Mexican imports, but China’s tariff hits hard

April 3, 2025 by bp56691
Trump spares homebuilders on Canadian and Mexican imports, but China’s tariff hits hard
President Trump didn’t do homebuilders any favors by imposing a dramatic 54% tariff on China, a critical supplier of construction materials.
Categories Canada, Data & Visuals, Donald Trump, Homebuilders, Housing Market, HWmember, Mexico, National Association of Home Builders, Politics, Tariffs

Judge rules in favor of Ginnie Mae in lawsuit brought by Texas Capital Bank

April 3, 2025 by bp56691
The case brought by TCB against Ginnie Mae has been ended via summary judgment in favor of the government. The bank has vowed to appeal.
Categories Ginnie Mae, HECM, HMBS, HUD, HWmember, Lawsuit, Legal, Reverse, Texas, Texas Capital Bank

FOA enlists new marketing agency in renewed push

April 3, 2025 by bp56691
Finance of America has enlisted creative agency David&Goliath for a new marketing strategy, which will start in Q2.
Categories American Advisors Group, Finance of America, HWmember, Reverse

First American: Home sales are weaker than they seem

April 3, 2025 by bp56691
First American’s Mark Fleming said the slowdown is tied to the mortgage rate lock-in effect and older homeowners who choose to age in place.
Categories Existing home sales, First American, Home Sales, Housing Market, Housing Market Data, HWmember, New Home Sales

Bond yields fall after tariff news. Are mortgage rates next?

April 2, 2025 by bp56691
Bond yields fall after tariff news. Are mortgage rates next?
Anticipated reciprocal tariffs sent the 10-year yield plummeting from 4.23% to 4.11%, currently trading at 4.13%.
Categories Housing Market, HWmember, Mortgage Rates, Purchase Applications, Tariffs
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