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  • [ December 21, 2024 ] Retail Chain Party City is Going Out of Business Weely Real Estate News
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Home2024June

Month: June 2024

consumer complaints
Housing Wire

Reverse mortgage consumer complaints decline on a yearly basis: CFPB

June 12, 2024 Allen Santos Comments Off on Reverse mortgage consumer complaints decline on a yearly basis: CFPB

​ There were a total of 131 consumer complaints submitted to the Consumer Financial Protection Bureau (CFPB) between Jan. 1 and June 10 of this year that were related to the reverse mortgage industry, according […]

MLS PIN
Housing Wire

MLS PIN urges Nosalek judge to approve settlement agreement

June 12, 2024 Allen Santos Comments Off on MLS PIN urges Nosalek judge to approve settlement agreement

​ In a legal brief filed on Monday, MLS Property Information Network (MLS PIN) made it clear that it does not agree with the Department of Justice‘s position on the banning of cooperative compensation, as […]

Rithm Capital
Housing Wire

Rithm Capital closes deal with Great Ajax

June 12, 2024 Allen Santos Comments Off on Rithm Capital closes deal with Great Ajax

​ Rithm Capital, the parent company of multichannel lender Newrez, announced on Tuesday that it has closed a transaction with Great Ajax Corp., which resulted in the purchase of 2.9 million shares of its peer’s […]

Joe Tyrrell
Housing Wire

Optimal Blue’s new CEO Joe Tyrrell on moving technology’s finish line

June 12, 2024 Allen Santos Comments Off on Optimal Blue’s new CEO Joe Tyrrell on moving technology’s finish line

​ Optimal Blue announced yesterday that industry veteran Joe Tyrrell would be taking the CEO role at the company. Tyrrell was a long-time executive at Ellie Mae before it was acquired by Intercontinental Exchange (ICE) […]

NAR
Housing Wire

NAR addresses steering in latest settlement agreement update

June 12, 2024 Allen Santos Comments Off on NAR addresses steering in latest settlement agreement update

​ The National Association of Realtors addressed concerns of agent steering in its latest update to its commission lawsuit settlement FAQs. The topic of steering — when a buyer’s agent or broker prevents buyers from […]

homes
Air Bnb Newsroom

Revealing 10 of the top 1% homes around the world

June 12, 2024 Allen Santos Comments Off on Revealing 10 of the top 1% homes around the world

  From sporting events to natural phenomenons, this year has seen strong demand for travel. In Q1 2024 alone, we had over 130 million nights and Experiences booked—our highest first quarter ever.1 No matter the […]

Olympic Games
Air Bnb Newsroom

Celebrate the start of the Olympic Games Paris 2024 from the heart of the city

June 12, 2024 Allen Santos Comments Off on Celebrate the start of the Olympic Games Paris 2024 from the heart of the city

  This year, Paris 2024 is breaking tradition with an extraordinary Olympic Games Opening Ceremony on the iconic Seine River, with athletes proudly representing their nations while parading through the heart of Paris. Along the […]

EU
Air Bnb Newsroom

Airbnb’s EU Pledge: New rules and a sustainable tourism future for Europe

June 12, 2024 Allen Santos Comments Off on Airbnb’s EU Pledge: New rules and a sustainable tourism future for Europe

  New EU-wide rules are a watershed moment for Airbnb and our industry. For the last two years Airbnb has called for an EU-wide approach to short-term rental rules that will help make regulations more […]

Airbnb
Air Bnb Newsroom

Airbnb generated $4.4 billion in economic activity in Los Angeles in 2023

June 12, 2024 Allen Santos Comments Off on Airbnb generated $4.4 billion in economic activity in Los Angeles in 2023

  Airbnb released a report showing hosts in the Los Angeles metro area welcomed nearly 3.3 million guest arrivals who contributed an estimated $4.4 billion in local economic activity in 2023.1 The report offers data-driven […]

Temporary Policy
Weely Real Estate News

VA Issues Temporary Policy Change on Home Loan Buyer-Broker Fees

June 12, 2024 Allen Santos Comments Off on VA Issues Temporary Policy Change on Home Loan Buyer-Broker Fees

The U.S. Department of Veterans Affairs (VA) issued a circular announcing a temporary policy change that will enable borrowers using the VA home loan program to pay certain real estate buyer-broker fees when purchasing a […]

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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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