2023: A year of retrenchment for the secondary mortgage market

2023: A year of retrenchment for the secondary mortgage market

As 2023 winds to a close, so too does a brutal year for the housing market, a year marked by rising rates, steep home prices, scarce inventory and anemic mortgage originations, compared... Read more »
LA City Council Seeks to Expand Tenants Rights

LA City Council Seeks to Expand Tenants Rights

Los Angeles City Council could enact safeguards for city renters dealing with legal representation and pets — both after-effects of the waning COVID-19 crisis. In a move to bolster tenant protections, the... Read more »
Rocket Homes brings house hunting to your car via Apple CarPlay

Rocket Homes brings house hunting to your car via Apple CarPlay

Rocket Homes is looking to make your daily commute part of your home search experience. The company announced Tuesday that the Rocket Homes iOS app is now available on the infotainment screen... Read more »
Greg Hart to leave Compass as the firm eliminates COO role

Greg Hart to leave Compass as the firm eliminates COO role

Compass’ chief operating officer Greg Hart will leave the brokerage at the end of the year, according to a document filed with the Securities and Exchange Commission on Tuesday. According to the... Read more »
Freddie Mac approves payroll/income verification vendor Truv on LPA platform

Freddie Mac approves payroll/income verification vendor Truv on LPA platform

Government sponsored enterprise Freddie Mac has approved mortgage technology company Truv for both payroll verifications and consumer-permissioned income. With the new integration, lenders will have access to the Truv platform to obtain... Read more »
MBA, NMSA suggest fixes to FHA’s proposed loss mitigation option

MBA, NMSA suggest fixes to FHA’s proposed loss mitigation option

The Mortgage Bankers Association (MBA) and the National Mortgage Servicing Association (NMSA) are expressing their views on a recently revised Federal Housing Administration (FHA) loss mitigation proposal, stating that it needs additional... Read more »
Soundview Investment Tries Builder’s Remedy at Beverly Hills Site

Soundview Investment Tries Builder’s Remedy at Beverly Hills Site

UPDATED DEC. 12 at 10:30 a.m.: Soundview Investment Partners has employed the builder’s remedy to seek approval for a 17-story apartment highrise in Beverly Hills. The locally based developer led by Max... Read more »
What Fed rate cuts in 2024 will mean for homebuyers

What Fed rate cuts in 2024 will mean for homebuyers

The housing market cheered as the Federal Reserve signaled interest rate cuts next year after making a series of rapid rate hikes starting in 2022.  While the central bank did not completely... Read more »
Shekhter’s WS Communities Defaults on Hankey Capital Loan

Shekhter’s WS Communities Defaults on Hankey Capital Loan

WS Communities, the apartment landlord founded by Neil Shekhter, has defaulted on a loan from Hankey Capital tied to a parcel in Santa Monica, The Real Deal has learned.  The firm is... Read more »
Is Another Housing Crash Coming in California, NJ, and Illinois?

Is Another Housing Crash Coming in California, NJ, and Illinois?

In a recent report, ATTOM, a prominent curator of land, property, and real estate data, has shed light on the current state of county-level housing markets in the United States. The Special... Read more »