President Donald Trump signed an executive order and three memorandums in a ballroom of the Trump National Golf Club in Bedminster, New Jersey, on Saturday aimed at providing relief to Americans suffering from the economic fallout of the COVID-19 pandemic. The single executive order was … Continue readingTrump signs directives on evictions, unemployment and payroll tax deferral
The Department of Housing and Urban Development said it was resuming in-person inspections of public housing units, though families concerned about the spread of COVID-19 can decline to have a HUD worker in their home. The so-called REAC inspections, which stands for Real Estate Assessment … Continue readingHUD resumes inspections of public housing units amid COVID-19 pandemic
New York Gov. Andrew Cuomo has extended the state’s eviction moratorium again, as many fear being kicked out of their homes after the federal eviction moratorium and unemployment benefits ended late last month. In March, the State of New York Unified Court System put in … Continue readingNew York extends eviction moratorium again
The initial public offering of Rocket Companies, parent of mortgage behemoth Quicken Loans, more than quadrupled the wealth of founder Dan Gilbert and made him the 28th richest person in the world, according to a Bloomberg ranking. Thursday’s debut on the New York Stock Exchange, … Continue readingRocket’s IPO makes Dan Gilbert the 28th richest person in the world
After two consecutive months of advances, Fannie Mae’s Home Purchase Sentiment Index, a composite index designed to track consumers’ housing-related attitudes, intentions and perceptions, fell 2.3 points in July to 74.2. Year over year, the HPSI is down 19.5 points but still sits above April’s near-record … Continue readingFannie Mae survey confirms: It’s a seller’s market
In today’s low-rate environment, wholesale mortgage lending continues to grow, making up more than 20% market share. Three independent wholesale brokers discuss how they found success in the wholesale channel during a HousingWire webinar on Thursday titled: ”Taking the Mortgage Boom to the Next Level.” … Continue readingWith 20% market share, independent mortgage brokers are competing directly with retail lenders
Since the iBuying industry launched in 2014, billions of dollars have poured into companies created to disrupt the real estate industry and transform the way consumers buy and sell houses. These companies promise homeowners a hassle-free experience – one that’s simple, convenient and avoids the … Continue readingiBuyers: Did COVID-19 disrupt the disruptors?
This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. Stay tuned for updates. Ubitquity, developer of a blockchain-secured platform for real estate and title recordkeeping, has announced a new partnership with Rainier Title. As part … Continue readingUbitquity inks deal to build out blockchain platform for Rainier Title
As record-low interest rates drive a refinance boom and spikes in mortgage applications, many businesses are adjusting to the present market. “We’re really starting to see a shift from the idea of growing at all costs, to the idea of focusing on how to scale … Continue readingLOs are only human — Tech is necessary to keep up with max loan volumes
Brokerage giants RE/MAX and Keller Williams announced second-quarter numbers Friday, reflecting a business environment that had its share of ups and downs as a result of COVID-19. RE/MAX, a public company, released earnings, while Keller Williams reported agent numbers and other stats. RE/MAX RE/MAX reported … Continue readingHow did brokerage giants RE/MAX and Keller Williams fare in the second quarter?