With ongoing liquidity challenges and a continuing lag in Home Equity Conversion Mortgage (HECM) case numbers, reverse mortgage business in 2024 started off with a bit of a whimper. Both HECM endorsements... Read more »
Most of last year’s top-producing loan officers at Draper and Kramer Mortgage Corp. (DKMC) are not transitioning to the company’s acquirer, New American Funding (NAF), according to multiple sources and available public... Read more »
The year started on a bullish note for L.A. residential sellers, with a solid uptick in signed contracts and an increase in listings in January. During the first month of the year... Read more »
The U.S. economy added significantly more jobs than expected during the first month of the year. Jobs increased by 353,000 in January, up from a revised rate of 333,000 in December, according... Read more »
Real estate brokerage eXp Realty has entered into an affiliated business agreement with Orlando, Florida-based title firm Citrus Closing Group, according to an announcement on Thursday. “We are thrilled about the prospects... Read more »
Redfin is back to offering refunds to homebuyers but this time under a new name. Launched on Thursday, the brokerage’s Sign & Save program provides buyers who sign up to work with... Read more »
In a bizarre turn of events, the National Association of Realtors posted, then removed before reposting, a video featuring the trade group’s interim CEO Nykia Wright “setting the record straight” on agent... Read more »
Neil Shekhter once held some of the most coveted land in the U.S. He had apartments in Santa Monica and Beverly Grove, where one-bedroom units now average nearly $4,000 a month. And... Read more »
The report on the Home Equity Conversion Mortgage (HECM) book of business inside the Mutual Mortgage Insurance (MMI) Fund was another positive overall development for the program, with the estimated economic net... Read more »
United Bank will consolidate its mortgage subsidiaries into one unified mortgage business amid the housing industry struggles with elevated interest rates. United Bank has been delivering mortgage services through three channels, including... Read more »