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Author name: Ricky Vasquez

Broker Public Portal, RPR bring valuation data to Cribio platform

Appraisals, Appraisals and Valuations, Broker Public Portal, HWmember, MLS, MLS/Associations, Real Estate, Technology, Valuation /

Broker Public Portal (BPP) and Realtors Property Resource (RPR) have announced a new collaboration that will integrate RPR’s Realtors Valuation Model into BPP’s Cribio consumer home search experience for participating MLSs and associations. Under the agreement, MLSs and associations partnered with BPP may authorize the display of Realtors Valuation Model values on eligible off-market properties […]

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Inside QXO’s growth plan after $30.2 billion acquisition spree

Construction, homebuilder, HWmember, Leadership, Mergers and Acquisitions, Technology, The Builder's Daily /

Less than a month after announcing its pending TopBuild for $17 billion, QXO’s business strategists outlined plans to integrate the company into its platform, drive higher profitability and accelerate organic growth across the combined business. On Monday, QXO released an investor Q&A document that detailed the company’s growth strategy, as the Brad Jacobs-backed firm plans

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Ivory Prize honors solutions in a higher rate, higher risk backdrop

Affordable housing, Capital, Homebuilders, Housing Policy, HWmember, Leadership, Policy, Technology, The Builder's Daily /

The affordability crisis in American housing demands more invention, more experimentation and more scalable models to break through the chronic chokeholds of economic, building-technology, and political will. The hard truth is that, against a backdrop of a harsher-than-expected new-home sales season and a higher-for-longer interest-rate environment, the operating environment is making it harder to fund,

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Supreme Lending brings on $100M Lasso Lending team

Houston, HWmember, Lenders, Loan Officer, Mortgage, Origination, People Movers, Texas /

Branch manager Austin Baker and his Houston-based team, Lasso Lending, have joined Supreme Lending, bringing more than $100 million in annual loan production to Supreme’s platform. The move deepens Supreme Lending’s presence in the Houston metropolitan area, one of the nation’s most active and competitive housing markets, according to the company’s announcement. Baker entered the

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Brokerage consolidation shifts lead flow and retention models

Agent, Brokerage, Compass, Contributors, eXp Realty, HWmember, Mergers and Acquisitions, NextHome, Opinion, Real Estate, REMAX, The Real Brokerage /

Two transactions. One structural shift. Compass’s acquisition of Anywhere and Real’s $880 million deal for REMAX are not simply the largest brokerage transactions in recent memory. And, now add to that eXp’s acquisition of NextHome and together, they represent something the residential real estate industry has not seen before: the emergence of vertically integrated platform companies operating at

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Mortgage Connect noncompete ruled unenforceable in PA

Federal Trade Commission, HWmember, Legal, Mortgage, Mortgage Connect, Pennsylvania /

The lawsuit that prompted Federal Trade Commission (FTC) Chairman Andrew N. Ferguson to issue a warning letter to Mortgage Connect last week has dealt the company a significant legal blow. As the FTC scrutinizes Mortgage Connect for deploying “unjustifiable noncompetes,” a Pennsylvania judge ruled that the company’s contract was so “sweeping” and “overbroad” that it’s

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End of FHA pandemic relief to kick off wave of foreclosures

Foreclosures, Ginnie Mae, Politics and policy /

Processing Content Key insight: The FHA tightened the screws on its borrowers by requiring a three-month trial payment period that is now fueling a surge in delinquencies.  What’s at stake: Thousands of borrowers face massive balloon payments, negative equity and soaring taxes and insurance payments as pandemic-era relief options are exhausted. Supporting data: “We need

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Funding to build or buy SFR hits market as debate rages

Funding to build or buy SFR hits market as debate rages

Homebuilders, Housing markets, Politics and policy /

The creation of new homes, and for whom they are being built for, is a hot button topic in Washington today.  Processing Content On Monday night, in a social media post, President Trump called on the House of Representatives to pass the Senate version of a housing bill which impacts institutional investors’ ability to purchase

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Late student-loan payments are rising. Is a domino effect coming?

Auto lending, Consumer banking, Consumer lending, Credit cards, Student loans /

Key insight: In research published Tuesday, the New York Fed explored the question of how the end of pandemic-era forbearance on student loans may negatively affect other consumer-lending segments. Supporting data: Of the borrowers who defaulted on their student loans in the first quarter of this year, 40% were also delinquent on auto loans, and

Late student-loan payments are rising. Is a domino effect coming? Read More »