Brandon Wells, president and CEO of The Group Real Estate, doesn’t buy into the fear that artificial intelligence will replace real estate agents (AI). But he also doesn’t buy into most of the AI tools being sold to brokerages today. “I think there’s a lot of AI slop out there,” Wells said on the latest […]
The Group Real Estate’s Brandon Wells on AI ‘slop,’ independents’ edge Read More »
Donald Trump said last week that his administration will examine how banks are treating homeowners affected by the last year’s Los Angeles wildfires, singling out Wells Fargo for criticism after meetings with local officials. In a post on Truth Social, Trump said he met with Los Angeles Mayor Karen Bass and Los Angeles County supervisor
LA wildfire recovery aftermath draws Trump scrutiny Read More »
Ginnie Mae will temporarily exclude loans in Federal Housing Administration (FHA) Trial Payment Plans (TPPs) from issuer delinquency calculations, responding to higher reported rates, the corporation announced last week. In 2025, the FHA updated its single-family loss mitigation waterfall and reinstated required TPPs before certain workout options, such as partial claims, can be approved. Under
Ginnie Mae to pause counting FHA TPP loans as delinquent Read More »
NEXA Lending announced Monday that it has hired Christopher Griffith as the company looks to expand its focus on VA lending and loan officer development. Griffith, who is the owner and founder of Vetted VA, will focus on elevating performance across NEXA’s third-party origination (TPO) channel while advocating for a shift in how lenders approach
NEXA Lending hires Christopher Griffith to grow VA lending Read More »
Despite the elevated volatility risk heading into the weekend, mortgage rates are starting the week in exactly the same territory compared to Friday afternoon. As always, our rate tracking refers to top-tier 30-year fixed rates for the average lender. The absence of meaningful movement in the underlying bond market is a testament to an increasingly
Mortgage Rates Perfectly Unchanged to Start New Week Read More »
Three wildfire-relief bills, including one that would let homeowners pause mortgage payments after a disaster declaration, cleared their respective California committees this month and are headed to formal votes. Processing Content State Assemblymember John Harabedian, D-Pasadena, whose district includes some of the neighborhoods hardest hit by the early-2025 Los Angeles wildfires, led proposals for all
California bills would pause mortgage payments in disasters Read More »
Two former executives who left Rocket earlier this year are starting a company with an “all-in-one” technology platform that United Wholesale Mortgage is supporting. Processing Content United Wholesale Mortgage and the CEO of the new venture, Dan Sogorka, confirmed earlier HousingWire reports about plans for the new firm. Mike Fawaz is the founder of the
Former Rocket execs to offer broker platform, work with UWM Read More »
The U.S. Department of Housing and Urban Development sent a letter to real estate professionals to assure them they are not violating the Fair Housing Act when sharing information with potential homebuyers about neighborhood crime rates and school quality. Processing Content Assistant Secretary for Fair Housing and Equal Opportunity Craig Trainor explained in the letter
HUD says sharing crime, school data doesn’t violate Fair Housing Act Read More »
Motto Mortgage will retain its current business model of a mortgage brokerage franchisor following completion of parent company Remax Holdings purchase by Real. Processing Content The transaction will also not affect the operations of Wemlo, the mortgage processing business owned by Remax nor that of One Real Mortgage, the mortgage brokerage owned by Real. “Additionally,
Motto Mortgage will remain brokerage franchisor under Real Read More »
Key insight: Tillis’ acquiescence opens the door for a party-line confirmation of Warsh from the Senate Banking Committee on Wednesday. What’s at stake: Warsh will have considerable power over the Fed’s rate setting committee as chair of the Federal Reserve Board. Forward look: Warsh’s path to confirmation has now been cleared of its only significant
Tillis drops Warsh objections after DOJ exits Powell case Read More »