Key Takeaways: – Suzanne Bouhia has been appointed as the new chief marketing and communications officer for the National Association of Realtors (NAR) – Bouhia will join NAR’s senior vice president team and support NAR’s CEO – Bouhia brings over 25 years of experience in marketing and communications, including previous roles at Ernst & Young…
Key Takeaways: – Adam O’Daniel is joining Guild Mortgage as senior vice president and chief marketing officer. – Guild Mortgage aims to expand its brand presence nationally and provide marketing support for its sales teams. – Guild Mortgage has engaged in mergers and acquisitions to expand its footprint across the country. – In the third…
Key Takeaways: – Black Knight accused PennyMac of copying its mortgage servicing platform to create its own platform – An arbitrator awarded Black Knight $155.2 million in damages for breach of contract, representing six years of avoided license fees – PennyMac will keep all its intellectual property and software, including its platform, “free and clear…
Key Takeaways: – Individual mortgages can be bundled together into mortgage-backed securities (MBS) and sold to investors on the secondary market. – If a mortgage in an MBS bundle defaults or contains errors, there is a repurchase risk where the entity that sold the MBS is obligated to buy back the non-performing or defective mortgage…
Key Takeaways: – Coldwell Banker Danforth, a Seattle-based franchise, will not renew its affiliation with the National Association of Realtors (NAR) starting in 2024. – This decision is in response to recent turmoil at NAR, including a sexual harassment scandal and ongoing commission lawsuits. – The franchise is the first privately-owned Coldwell Banker franchise to…
Key Takeaways: – Freddie Mac has introduced standardized subordinate lien documents for down payment assistance (DPA) programs. – Previously, DPA programs had different documents, leading to confusion. – The standardized documents will make it easier for lenders to offer DPA programs. – Freddie Mac collaborated with Fannie Mae and state housing finance agencies (HFAs) to…
Key Takeaways: – The housing market is expected to see a turnaround in 2024 after a slow year in home sales. – Home inventory is falling, with 556,000 single-family homes on the market, down 1.8% from the previous week. – Inventory is 1.2% higher than last year at this time. – The South has more…
Key Takeaways: – FirstHome IQ is a nonprofit focused on homeownership and financial literacy education – They have expanded their ambassador program to include 60 mortgage and real estate professionals – Ambassadors donate a portion of every loan to support the mission of the nonprofit – The program includes resources such as presentation materials and…
Key Takeaways: – Prospective homebuyers are becoming less sensitive to home prices and high-interest rates – Fewer homebuyers are willing to wait for a better market to buy a home – Purchase activity has picked up, with an increase in sales of new single-family homes – Many homeowners are staying put and keeping their mortgages,…
Key Takeaways: – The HousingWire TECH100 Awards are highly sought after in the housing tech industry. – Nominations for the 2024 Tech100 awards are currently open. – Being recognized as a Tech100 honoree positions a company as a leader in technological innovation in the housing industry. – Winning a Tech100 Award can increase visibility and…
