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Home2023March

Month: March 2023

real estate brokerages
Top News

U.S. real estate brokerages must face home sellers’ class action over commissions

March 30, 2023 Mark Paul Cervantes Comments Off on U.S. real estate brokerages must face home sellers’ class action over commissions

March 29 (Reuters) – A federal judge in Chicago on Wednesday ruled that home sellers accusing the National Association of Realtors and a group of real estate brokerages of conspiring to inflate commission rates can […]

home prices
Economy

U.S. home prices are falling in the West but rising in the East

March 30, 2023 Mark Paul Cervantes Comments Off on U.S. home prices are falling in the West but rising in the East

Americans looking to buy a home in much cheaper markets might want to try their luck west of Texas, according to a real estate analysis released this week. Home prices fell in 12 of the […]

Banking
Economy

Banking drama tightens screws on housing, offices

March 30, 2023 Mark Paul Cervantes Comments Off on Banking drama tightens screws on housing, offices

Higher interest rates and a loss of confidence in the banking sector have hit commercial real estate especially hard, with both the housing and office sectors poised to feel the chill. Why it matters: The jury’s still […]

Housing Wire

February pending home sales disappoint, but maybe we’re turning a corner?

March 30, 2023 Mark Paul Cervantes Comments Off on February pending home sales disappoint, but maybe we’re turning a corner?

Don’t call it a comeback? Pending home sales rose for the third month in a row in February, but at 0.8%, the uptick over January was less than is typically seen in the run-up to […]

Housing Wire

Fidelity to pay $3.5M fine over “no-poaching” agreements

March 30, 2023 Mark Paul Cervantes Comments Off on Fidelity to pay $3.5M fine over “no-poaching” agreements

Fidelity National Financial has agreed to pay a $3.5 million fine to the state of New York, following an investigation by the Office of the Attorney General that discovered the top U.S. title insurance company […]

Housing Wire

Gathering of Eagles is for mortgage professionals too

March 30, 2023 Mark Paul Cervantes Comments Off on Gathering of Eagles is for mortgage professionals too

This year, Gathering of Eagles is excited to invite colleagues from the mortgage industry to the real estate-centered event. There is no better time than a tough market to come together as a community. Mortgage […]

Biden
Housing Wire

Biden urged to consider Build America’s impact on affordable housing

March 30, 2023 Mark Paul Cervantes Comments Off on Biden urged to consider Build America’s impact on affordable housing

A coalition of 24 housing organizations, individual leaders and trade groups, led by the National Housing Conference (NHC), are urging President Joe Biden to exempt affordable housing development and repair from the Build America, Buy […]

Housing Wire

Mortgage demand gets a boost as rates decline for three straight weeks

March 30, 2023 Mark Paul Cervantes Comments Off on Mortgage demand gets a boost as rates decline for three straight weeks

When the 30-year fixed rate dropped for the third straight week in late March, homebuyers responded, giving a boost to mortgage applications. And, following investors’ rush into bonds after the recent bank failures earlier this month, yields […]

Housing Wire

FHFA to expand payment deferrals for borrowers facing hardships

March 30, 2023 Mark Paul Cervantes Comments Off on FHFA to expand payment deferrals for borrowers facing hardships

Government-sponsored enterprises Fannie Mae and Freddie Mac will allow borrowers facing financial hardships to defer up to six months of mortgage payments, the Federal Housing Finance Agency (FHFA) announced on Wednesday. The option was previously available for borrowers who fell behind […]

Weely Real Estate News

Opendoor Acquires Stake in Title Resources Group

March 30, 2023 Mark Paul Cervantes Comments Off on Opendoor Acquires Stake in Title Resources Group

Title Resources Group (TRG), a national title insurance underwriter, announced that Opendoor Technologies Inc., an e-commerce platform for residential real estate transactions, has acquired a minority stake in its business. Financial terms were not disclosed. […]

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U.S. Market

Rocket
Housing Wire

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off on Rocket lost money last year, so why are its shares up?

​ Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

delinquency rates
Housing Wire

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off on Industry experts are closely watching delinquency rates, insurance costs

​ Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs
Economy

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off on Jobs data sends mortgage rates higher

​ Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]

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