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California affordable housing programs face new legal challenge

Affordability, Affordable housing, California, Housing Inventory, HWmember, Lawsuit, Real Estate /

Hundreds of affordable housing programs across California may be in legal jeopardy after a new federal lawsuit challenged the constitutionality of one of the state’s most widely used housing tools. The suit — filed Thursday in federal court in San Francisco and first reported by CalMatters — targets East Palo Alto, California’s “inclusionary zoning” ordinance. […]

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UBS will pay $300M to settle Credit Suisse case

Credit Suisse, Department of Justice, Financial crisis, HWmember, Legal, Mortgage, RMBS /

UBS Group said on Monday that it will pay $300 million to settle lingering obligations tied to a Credit Suisse deal with the U.S. Department of Justice (DOJ) over the sales of residential mortgage-backed securities (RMBS). UBS inherited the obligations when it acquired Credit Suisse in a 2023 rescue arranged by Swiss regulators. The bank

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Rocket revamps real estate arm, moves home search to Redfin

Brokerage, HWmember, LendingLife, Mergers and Acquisitions, Mortgage, Mortgage and Housing Layoffs, Origination, Redfin, Rocket Companies /

Rocket Companies has begun to reshape Rocket Homes, its real estate subsidiary, following the closing of its acquisition of Redfin. The changes include sunsetting Rocket Homes’ search portal, consolidating agent networks and executing layoffs. Users who visit the Rocket Homes website are now met with a message stating they “can search for homes on Rocket

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Douglas Elliman doesn’t want private listings to be the norm

Clear Cooperation, Douglas Elliman, Earnings, HWmember, Real Estate /

While some brokerages are leaning into the use of private listing networks, luxury firm Douglas Elliman said it does not want private listing networks to become the norm. “At Douglas Elliman, we have a long- standing commitment to offering clients greater choice and flexibility while continuing to promote equal access to listings and uphold a

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LPT Realty, Aperture Global book their spot on the Nasdaq ticker

Brokerage, HWmember, LPT Realty, NASDAQ, Real Estate, Stock Market /

Cloud-based brokerage LPT Realty and its luxury spinoff Aperture Global Real Estate on Monday announced their reservation of a combined Nasdaq stock ticker as they prepare for an initial public offering. “One step closer to our IPO,” Michael Valdes, the CEO of LPT International, wrote in an Instagram post. “We have reserved the combined ticker

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Baird & Warner launches image services division amid VHT Studios closure

Brokerage, Chicago, CoStar Group, HWmember, Real Estate, Real Estate Agents, Real Estate Marketing, Technology /

Baird & Warner Real Estate has launched an internal Image Services division to provide real estate marketing visuals in response to the abrupt closure of VHT Studios. The new unit will be led by Shannon Lange — former area sales and account manager for VHT Studios and Matterport — and a licensed real estate agent

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Mortgage rates hit lowest levels of 2025

Federal Reserve, Housing Market, HWmember, Jerome Powell, Mortgage Rates /

Following the surprising jobs report released on Friday, the 10-year yield dipped slightly on Monday. As a result, mortgage rates have reached a new low for 2025, with Mortgage Daily News reporting a rate of 6.57%. Remarkably, we haven’t seen a single Fed rate cut this year! The bond market influences the Federal Reserve, and

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HECM endorsements rise to highest level since February

HECM, HMBS, HWmember, New View Advisors, Reverse, Reverse Market Insight, Reverse Mortgage Daily /

The reverse mortgage market appeared to recover in July after dipping in June, according to Home Equity Conversion Mortgage (HECM) endorsement data compiled by Reverse Market Insight (RMI) that was released late last week. HECM endorsements rose 5.6% in July to 2,369 loans, the highest level recorded since February 2025. HECMs also saw regional gains

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From order-taker to ally: Reinventing customer success in mortgage tech

Contributors, HWmember, Mortgage, Opinion, Origination, Real Estate Technology, Technology /

Our industry stands at a critical crossroads in the rapidly evolving mortgage technology landscape. For decades, customer service teams have been relegated to roles as reactive problem solvers and order-takers who simply put out fires as they arise. Still, the future of mortgage technology demands a radical reimagining of what customer success truly means. With

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How much lower can mortgage rates go after Friday’s jobs report?

Housing Inventory, Housing Market, Housing Market Tracker, HWmember, Mortgage Rates, New listings, Origination, Purchase Applications /

Mortgage rates fell 0.18% last week, breaking below the key threshold of 6.64%. Why is this important? Because in the last three years, when mortgage rates fell from 6.64% to 6%, housing demand has improved. Now the question is: can rates go lower? 10-year yield and mortgage rates In my 2025 forecast, I anticipated the

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