Independent mortgage banks (IMB) reported an average net loss of $534 on each loan originated from April to June, down from $1,972 per loan in the first quarter of 2023, according to the Mortgage Bankers Association (MBA). The average pre-tax production loss was 18 basis points in Q2. Including both

Mortgage rates continued to climb this week as U.S. bond yields hit their highest level since 2008. Despite the turbulence, some analysts said a debt crisis is not imminent. According to those analysts, investors in the bond market are reacting to the government issuing debt and expecting the Federa

Though the National Association of Realtors is not out of the legal woods yet, the trade group does have reason to celebrate. A federal court judge on Wednesday dismissed all antitrust allegations made by REX Real Estate against NAR and Zillow.The remaining claims in the case are all against Zillow,

The first thing we go through when I work with real estate brokerages — whether it’s in helping them to streamline their technology or to prepare for sale — is their financials. And, one thing that I always spot in these financials is excess spending. I’m not judging them on how much they’re spendin

Remodeling experts share insights on the demographics and financial factors impacting today's home improvement projects.

Silicon Valley tech execs who want to buy property in the Lake Tahoe area are changing it up.

Monterey Bay Properties is joining Compass, a move that will allow the brokerage giant to expand its Northern California operations, the company announced Wednesday.Founded in 1980, Santa Cruz-based Monterey Bay Properties includes around 40 agents. For Compass, the merger brings its total number of

Have homebuilders reached their limit on how much they can lower mortgage rates to boost demand? Today we got the housing starts data, which was a beat of estimates, but total housing activity isn’t booming here. I firmly believe that the builders can’t solve the housing inventory situation when it

A ban on residential building permits in parts of the Phoenix area is angering builders and agents, who feel it may curb the supply of affordable housing.“Our main concern on the implication of the model that was released is housing affordability,” Spencer Kamps, the vice president of legislative af

The Community Home Lenders of America (CHLA) this week submitted a letter to the Federal Housing Finance Agency (FHFA) in response to a recent request for input (FRI) on GSE single-family pricing framework. Its message? The trade group asked the regulator to “make no further changes for an extended

The U.S. Department of Justice’s appeal against a lower court’s ruling on its investigation into the National Association of Realtors’ commission and pocket listing policies is heating up.On Friday, attorneys for the DOJ’s Antitrust Division filed a brief claiming that the lower district court has m

Housing starts picked up significantly in July to a seasonally adjusted annual rate of 1.452 million, according to the U.S. Census Bureau. That was up 3.9% from June and up 5.9% from a year ago. Meanwhile, permits for future construction eked a 0.1% gain from June but were 13% lower from a year ago.

Congratulations! You’ve decided to share your expertise with other real estate professionals and become a coach and trainer. You may think that the greatest challenge is to create the content — but that’s just the beginning. In reality, you also need to decide where your content is going to live so

The biggest nonbank mortgage lenders in America saw improved performance in both origination and servicing segments in the second quarter, capitalizing on the continued mortgage pullback from banks. As we’ve reported, that trend looks sticky, which could help change the fortunes of top independent m

HousingWire recently spoke with Mike Darne, vice president of marketing at CreditXpert, about industry performance in the first half of 2023 and how lenders can work with borrowers to improve their credit.HousingWire: 2023 has been rough for mortgage lending with mortgage applications down around 60

A week after announcing a pivot in its business strategy, publicly traded title insurance firm Doma announced the sale of its retail operations in Florida on Tuesday.Doma’s Florida operation was purchased by Near North Title Group for an undisclosed sum. Near North Title Group purchased Doma’s Midwe

Ethical and stylish? Yes!

With a history primarily defined by the transition from a Wild West mining town to a hub for scientific research and the tech industry, Boulder, Colorado, is at once r...

The Real Brokerage Inc. has promoted Jenna Rozenblat to chief operating officer. In her new role, Rozenblat will be responsible for overseeing Real’s day-to-day operations, implementing strategies to enhance efficiency and ensuring the execution of the virtual brokerage’s tech vision. Prior to her p

The Housing Policy Council (HPC) is urging the Federal Housing Finance Agency (FHFA) to modify its proposed government-sponsored enterprises (GSEs) single-family pricing framework, including coordination with banking regulators to streamline capital requirements and retention of upfront guarantee fe