Home Depot Inc. is offering cautious preliminary guidance for next year, a sign that the home-improvement retailer doesn’t anticipate the housing market to rebound in the short term. The company expects comparable sales growth to be in a range of flat to up 2% for the year — below the average of estimates compiled by […]
Home Depot gives cautious preliminary forecast for next year Read More »
Key insight: Banks may now execute crypto transactions on behalf of counterparties in the same manner as they execute trades through a securities brokerage. Supporting data: Interpretive Letter 1188 affirms that market risk is minimized through near-instant offsetting trades, leaving banks with only limited credit exposure. Forward look: Comptroller Gould has been highlighting the value
OCC says banks may broker crypto assets for customers Read More »
Freddie Mac is updating its guidelines to include explicit language requiring mortgage companies to establish a clear artificial intelligence framework governing the technology’s internal use. The new rules become effective on March 3, 2026 and mandates compliance with the policy for businesses using AI and machine-learning tools in connection with loans sold to or serviced
Freddie Mac issues updates mandating AI governance Read More »
When Zillow Group Inc. removed climate risk scores from its home listings last month, following a complaint from the real estate industry, many observers took to the press and social media to warn that disappearing the data doesn’t get rid of the risk. In a world assailed by extreme weather, homeowners and purchasers need to know their property’s vulnerability to
Zillow deleting home climate risk scores reveals limits of flood, fire data Read More »
CrossCountry Mortgage is attempting to recoup $2.1 million from an ex-branch manager currently battling federal charges. Christopher J. Gallo was indicted last year for fraud for allegedly falsifying home loan documents over a five-year stretch while at a prior employer. The Cleveland-based retail giant hired the former top producer in September 2023 and fired him
CrossCountry seeks $2.1 million from LO accused of fraud Read More »
When Thomas Wright entered the real estate world in 1999, he did so without a grand strategy — but with a deep sense of connection to people and place. “I was at a juncture in my life when I could have gone the commercial route or residential, and the residential was just felt like a
Summit Sotheby’s International Realty rides high in Utah while giving back Read More »
Optimal Blue announced on Monday that it has promoted Lanny Rogers III to chief financial officer and Jeremy Moreno to chief revenue officer. Rogers, a certified public accountant, will oversee financial planning, forecasting and capital allocation as the company expands. He joined Optimal Blue in 2017 and most recently served as vice president of accounting.
Optimal Blue announces new CFO and CRO Read More »
Rents for both multifamily and single-family built-to-rent units moved sideways over the last year. Still, rents in most major Sun Belt markets are down annually due to a glut of new housing, according to the latest Yardi Matrix National Multifamily Report. Meanwhile, rental growth is typically the strongest in the Midwest, Northeast, and California. This
Glut of new supply drags down BTR and multifamily rental rates in the Sun Belt Read More »
After federal housing leaders issued a request for information in October about the future of two key reverse mortgage programs, the National Reverse Mortgage Lenders Association (NRMLA) weighed in last week with a detailed list of suggestions. The trade group issued an 11-page letter to the U.S. Department of Housing and Urban Development (HUD) and
NRMLA speaks out on the future of federal reverse mortgage programs Read More »
The ROAD to Housing Act wasn’t included in the National Defense Authorization Act (NDAA) released on Sunday, despite speculation that it might sneak in as an attachment to the more urgent priority $900 billion defense spending bill. Still, the bipartisan housing legislation, which enjoys widespread support in both parties, could be signed into law next
House committee is set to review Senate-approved housing bill Read More »