Bob Hart will become president of ICE Mortgage Technology on Jan. 1, as part of a corporate shuffle which will move Tim Bowler to another unit at Intercontinental Exchange. Processing Content Most recently, Hart, who joined Intercontinental Exchange as part of the Ellie Mae acquisition, was the mortgage unit’s senior vice president of business and […]
Bob Hart replaces Tim Bowler at ICE Mortgage Technology Read More »
Kenny Smith, a former Deloitte Consulting vice chairman is the new CEO of Freddie Mac, the company announced. He starts his new position on Dec. 17. Processing Content Michael Hutchins, who occupied the seat twice on an interim basis, will remain as Freddie Mac’s president. Hutchins had replaced Diana Reid after she was ousted in
Freddie Mac appoints Kenny Smith as latest CEO Read More »
New-home sales saw their largest year-over-year increase since July in November, even as mortgage rates changed little. Processing Content While the industry is still waiting on official data from the Census Bureau regarding the pace of new home sales, the MBA’s latest Builder Application survey found new-home purchase activity was up 3.1% from a
New-home sales post biggest annual gain since July Read More »
Newly initiated foreclosure actions at banks have risen on a consecutive-quarter basis but the overall performance of financial institutions’ home loans has remained resilient from a credit perspective. Processing Content Foreclosure starts jumped to 7,903 from 7,163 the previous quarter and 7,450 a year earlier, according to the Office of the Comptroller of the Currency’s
Foreclosures starts, re-defaults inch up at banks: OCC Read More »
US job growth remained sluggish in November and the unemployment rate rose to a four-year high, pointing to a continued cooling in the labor market after a weak October. Processing Content Nonfarm payrolls increased 64,000 in November after declining 105,000 in October, according to Bureau of Labor Statistics data out Tuesday. The unemployment rate was
US payrolls rise 64,000 after October drop, unemployment up Read More »
One of the biggest homebuying advantages you can give yourself today is surprisingly simple: a flexible wish list. Think of it like this. Your wish list and your budget are the guardrails of your search. And when your budget needs to hold firm, there’s another lever you can pull. That’s seeing if you truly need
How To Stretch Your Options, Not Your Budget Read More »
Co-living marketplace PadSplit is expanding into four new U.S. markets: Portland, Oregon; Seattle, Sacramento and Nashville. Founded in 2017, PadSplit operates in more than 35 markets and has listed more than 28,000 rooms, housing 65,000-plus people. The company said it focuses on access and flexibility, with no minimum credit score or long-term lease required, allowing
PadSplit expands co-living services to 4 new cities Read More »
A new study found that Zillow’s automated home valuation tool, the Zestimate, improves pricing efficiency in residential real estate transactions and delivers measurable benefits to buyers and sellers like. The research, published in Marketing Science — a peer-reviewed journal of the Institute for Operations Research and the Management Sciences — concluded that Zillow‘s tool reduces
Study finds Zillow home estimates improve buyer, seller outcomes Read More »
ALIRT Insurance Research released a report this week finding that Florida’s homeowners insurance market has stabilized after years of financial strain — following legislative reforms adopted in late 2022 and early 2023. The 2025 Florida Domestic Property Insurer Market Update concludes that the market has rebounded from conditions in 2022, when litigation costs, rising losses
Florida property insurance market is rebounding from 2022 low point Read More »
The executive team switch-ups at iBuyer Opendoor are continuing. On Monday, the firm announced the appointments of Lucas Matheson as president and Christy Schwartz as chief financial officer. Matheson most recently served as the CEO of Coinbase Canada. Prior to this, Matheson spent five years in a variety of operational roles at Shopify where he
Opendoor names Lucas Matheson president, Christy Schwartz CFO Read More »