HousingWire, Mar. 25, 2022–Tracey VeltThe top four – Realogy Brokerage Group, HomeServices of America, Compass and eXp Realty – now have 20% market share in the U.S.https://www.housingwire.com/articles/realtrends-500-historic-rise-in-market-share-compass-homeservices-realogybrokeragegroup-exp/
Category: Top National News
6 Potential Pitfalls for Servicers in Credit Reporting
National Mortgage News, Mar. 25, 2022–Bonnie Sinnock (subscription)Emergency legislation written early in the pandemic changed how things were done to protect borrowers with accommodations for hardships, and mortgage companies need …
Feds Indict Two On Multi-State Mortgage Fraud Charges
National Mortgage Professional, Mar. 25, 2022–Keith GriffinThe Department of Justice indictment, according to a news release, alleges the co-conspirators recruited clients for credit repair using company names of KMD Credit, …
As Secondary Market Volume Drags, Maxex Trims Staff
Inside Mortgage Finance, Mar. 25, 2022–Paul MuoloMaxex, the Atlanta-based mortgage trading platform, recently underwent a reduction in force, a reaction to declining originations for jumbos and other products in the …
The Quest for More Square Footage
The Housing Scene (UExpress), Mar. 25, 2022–Lew SichelmanBetween 2016 and 2019, newly built houses were shrinking ever so slightly. But since the pandemic hit in 2020, square footage has been …
SFR Providers Are Increasingly Moving Toward Build-For-Rent
GlobeSt.com, Mar. 25, 2022–Lynn PollackSingle-family rental home firms have increasingly turned to developing new housing rather than buying existing houses over the past two years.https://www.globest.com/2022/03/25/sfr-providers-are-increasingly-moving-toward-build-for-rent/?
Biden Administration Unveils Plan to Curb Racial Bias in Home Appraisals
Orange County Register, Mar. 24, 2022–Jeff LazersonOn Wednesday, March 23, an inter-agency task force co-chaired by U.S. Housing and Urban Development Secretary Marcia Fudge unveiled an action plan designed to …
Senators Call for More Data Backing Appraisal Bias Proposals
National Mortgage News, Mar. 24, 2022–Andrew Martinez (subscription)Bipartisan lawmakers Thursday called on the Biden Administration’s task force on combating home appraisal bias to release more data backing its proposed reforms, …
Never Have So Few Homeowners Had Reason to Refinance
Bloomberg, Mar. 24, 2022–Carmen ArroyoApplications to refinance home loans have plunged, dropping about 60% since August, according to data from the Mortgage Bankers Association on Wednesday. Those kinds of drops …
U.S. Durable Goods Orders Slip in February, Marking First Decline in 5 Months
Fox Business, Mar. 24, 2022–Megan HenneyOrders at U.S. factories for long-lasting goods fell more than expected in February, snapping a months-long streak of increases and business investment as manufacturers confronted …