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Planet Home Lending hires John Adams as renovation leader

HWmember, Mortgage, People Movers, Planet Home Lending, Retail Lending, Team Leaders, Veterans /

Planet Home Lending on Thursday announced the appointment of John Adams as retail renovation leader as the company seeks to enhance its home renovation expertise and unlock more housing opportunities for borrowers. Adams will focus on training and supporting Planet’s distributed retail loan originators and educating real estate agents nationwide. He will also educate veterans […]

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FHA extends loss-mitigation deadline for mortgage servicers

FHA, FHA loan, HUD, HWmember, LendingLife, Loss Mitigation, Mortgage, Mortgage Servicing, Servicing /

The Federal Housing Administration (FHA) has extended the timeline for mortgage servicers to comply with the new loss-mitigation waterfall, according to a mortgagee letter issued Wednesday. While the provisions may be implemented by Oct. 1, they must be fully in place no later than Dec. 30, 2025, according to the letter signed by Frank Cassidy,

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De-risking the MLS: CEOs say consumer friendliness is the best line of defense

CMLS, HWmember, MLS, MLS/Associations, NorthstarMLS, northwest mls, Real Estate, SmartMLS /

The legal teams at multiple listing services (MLS) have been getting quite the workout over the past few years, first with the commission lawsuits and more recently with lawsuits related to Realtor association membership and MLS access. Given these circumstances MLSs are naturally looking for ways to lower their legal risk portfolio, with “derisking” being

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‘It’s complicated:’ brokers talk navigating MLS relationships at CMLS

Brokerage, California Regional MLS, CMLS, HWmember, MLS, MLS/Associations, Real Estate /

According to Craig Cheatham, the president and CEO of The Realty Alliance, if you were to assign a Facebook relationship status to the relationship between MLSs and brokers it would be “it’s complicated.”  “The MLS is at once the most valuable tool of the broker and, at the same time, it is the thing at

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New home sales shocked, but are these numbers legit?

Homebuilders, Housing Inventory, Housing Market, HWmember, Mortgage Rates, New Home Sales, U.S. Census Bureau /

Today’s report on new home sales printed one of the most surprising results I’ve seen in a while, showcasing significant growth. Now, we should have expected some growth in new home sales, given that mortgage rates have declined recently. In fact, each time mortgage rates have approached 6% since late 2022, new home sales have

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loanDepot challenges class-action suit tied to LO comp rules, steering

HWmember, Lawsuit, Legal, LendingLife, Loan Officer, loanDepot, Maryland, Mortgage /

loanDepot has filed a motion to dismiss a class-action lawsuit in Maryland alleging violations of loan officer (LO) compensation rules and borrower steering, arguing the plaintiffs failed to show they suffered a “concrete injury.” The lawsuit, filed in July by five borrowers who obtained mortgages from 2019 to 2021, claims loanDepot engaged in a “sophisticated,

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Compass-Anywhere deal sparks MLS reckoning

California Regional MLS, CMLS, Compass, HWmember, MLS, MLS/Associations, National Association of Realtors, Real Estate /

For many in the multiple listing services (MLS) industry, Monday’s announcement that Compass was acquiring Anywhere served as a wake-up call of sorts.  Over the past year, Compass has worked to grow its stockpile of exclusive listings, but many did not consider the Robert Reffkin-helmed firm a serious threat to the MLS structure, due to

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Baltimore launches $6.2B housing redevelopment effort

Affordability, Baltimore, Bank of America, City of Baltimore, Homebuilders, Housing Market, HWmember, JPMorgan Chase, Maryland, PNC, Real Estate /

Baltimore is embarking on what civic leaders call ‘the nation’s most ambitious housing redevelopment program’ — a 15-year effort that aims to turn around more than 37,000 vacant or at-risk properties and influence market conditions for another 33,000 homes and lots. The strategy is supported by $1.2 billion in public funding commitments and is expected

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CrossCountry Mortgage raises conforming loan limit to $819,000

CrossCountry Mortgage, FHFA, Homeownership, HWmember, LendingLife, Mortgage, Origination /

Top 10 U.S. mortgage lender CrossCountry Mortgage (CCM) on Wednesday announced that it has increased its conforming loan limit to $819,000, joining the list of lenders that are moving in advance of the projected 2026 loan limits to be released later in the year by the Federal Housing Finance Agency (FHFA). “Today’s housing market can

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Expert speaks on Compass-Anywhere market share, consolidation

Anywhere, Brokerage, Compass, HWmember, Mergers and Acquisitions, Real Estate, Real Estate Agents, RealTrends Verified Rankings, Steve Murray, Title insurance /

Compass’s acquisition of Anywhere Real Estate creates a national brokerage powerhouse — but industry veteran Steve Murray says the deal’s biggest effects will be in scale, services and back-office consolidation. Murray — senior advisor for HousingWire and founder of RealTrends and RTC Consulting —estimates the combined Compass-Anywhere operation will handle roughly a million transaction sides

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