Let’s face it: joint ventures (JVs) and affiliated business arrangements (ABAs) are all the rage in the residential real estate space right now. And why not? In times of depressed revenue, it makes sense to seek any and all reasonable paths to revenue.In fact, there aren’t many mortgage lenders, bui

Study after study has shown that nurturing your database should yield you at least a 10% return. This means that when you have 100 people in your database, and they’re hearing from you regularly with something of value, at least 10 of those contacts should either transact with you or refer someone t

Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported an average net loss of $2,109 on each loan they originated in the fourth quarter of 2023, according to the Mortgage Bankers Association (MBA). The loss is almost double the reported loss of $1,015 per loan in the

Freddie Mac on Friday announced that its president Michael Hutchins has been appointed interim CEO, effective March 16, but the company continues its search for a permanent appointment. He will replace Michael DeVito, who is retiring after three years in the job. Hutchins, who is a member of the com

Optimal Blue has brought on Sara Holtz, former vice president of demand marketing and communications at ICE Mortgage Technology, as chief marketing officer (CMO).Holtz will drive unified marketing and communications strategies to advance Optimal Blue’s business priorities and further extend the comp

California mortgage tech firm Blend Labs narrowed its loss in 2023 by expanding its consumer banking footprint and growing its mortgage consumer base. The San Francisco-based company reported a non-GAAP net loss of $101.3 million in 2023, down from a non-GAAP net loss of $182.2 million in 2022, acco

No matter where you are in the state, real estate agents in Virginia are facing low inventory conditions that are creating frustrating scenarios for their buyers.“I think people are getting used to the interest rates where they are now, but there is just a huge lack of inventory,” said Chelsea Newco

The dream of homeownership is becoming increasingly elusive for many Americans as both home prices and insurance premiums are on the rise. Over the past decade, home prices have nearly doubled, according to the S&P CoreLogic Case-Shiller national index. Homeowners insurance premiums are climbing too

Lisa Moriello, the national retail reverse mortgage sales manager at multichannel lender loanDepot, recently spoke to RMD about how business in 2024 seemed to be off to a promising start.Diving deeper into the current reverse mortgage business environment, she offered additional perspectives on mult

The U.S. Department of Veterans Affairs (VA) announced on Thursday its goals to house 41,000 veterans experiencing homelessness by transitioning them into permanent housing, and to ensure that 95% of those who receive such assistance do not return to homelessness during the year.The VA also seeks to

Investment returns for single-family rental homes are expected to rise in 2024, buoyed by rent prices that are rising faster than home prices across the country.The average annual gross rental yield for a three-bedroom home is projected to be 7.55% in 2024, up from an average of 7.39% for the same m

The U.S. Department of Housing and Urban Development (HUD) is being sued in federal court over accusations that it failed to refund nearly $385 million in mortgage insurance premiums (MIP) to borrowers over a period of more than two decades. The lawsuit was previously reported by National Mortgage N

Michael Hild, who served as CEO of now-defunct reverse mortgage lender Live Well Financial, is seeking a one-year delay of a deadline to file a motion for a new trial based on what his attorney describes as “new evidence.” This is according to court documents reviewed by RMD.After his arrest by the

Hello Divorce, a platform that provides legal assistance to couples in the process of divorce, has introduced a new service, HomeSplit, to help individuals navigate the process of dividing their home’s financial assets.Finding a way to divide a home can be financially and emotionally fraught, and Ho

The Department of Justice has recently weighed in on the real estate agent commission debate, and researchers at the Federal Reserve have also added to the discussion.In a working paper published in late February and written by Borys Grochulski and Zhu Wang of the Federal Reserve Bank of Richmond, t

As recently as five years ago, homeowners insurance was certainly not top of mind for most homebuyers and their real estate agents, but the rapidly rising cost of insurance premiums is changing that.“Before, insurance was kind of an afterthought. It was just a box to check off,” said Paul Scalone, a

Vetted by HousingWire  |  Our editors independently review the products we recommend. When you buy through our links, we may earn a commission.Real estate is a vibrant, dynamic and competitive industry. From the thrill of a sale to the pursuit of new leads, it keeps you on your toes. That said, it c

Luxury Realty Group, a subsidiary of Luxury Realty Group Holdings, launched the beta testing for its conversational AI services website vuHome.ai, the company announced on Tuesday. The product will be available across its brokerage operations in Las Vegas. Luxury Realty Group’s clients will be able

The presiding judge in the bankruptcy case involving Reverse Mortgage Investment Trust (RMIT) — the parent company of former leading reverse mortgage lender Reverse Mortgage Funding (RMF) — has approved a request to transfer the company’s bankruptcy status to Chapter 7 from its current Chapter 11 st