The Financial Crimes Enforcement Network, FinCEN for short, has delayed the enforcement date of its residential real estate reporting rule. The announcement exempts “all reporting persons” from compliance with the anti-money laundering regulation from Sept. 30 until March 1, 2026. The rule was supposed to go into effect on Dec. 1. This rule was promulgated […]
FinCEN delays controversial real estate reporting rule Read More »
Rocket Pro has rolled out a broker portal for borrowers to find local originators. The Detroit-based mortgage giant’s brokernearme.com allows consumers to search for brokers near their address and access profiles which include social media accounts. The site today includes thousands of broker profiles, and they aren’t “ranked” on the site, Rocket Cos. CEO Varun
Rocket Pro launches broker search platform Read More »
The amount of tappable home equity Americans hold continues to increase, growing annually by 5% for the second quarter, a Transunion study found. Several operators in the market, whether lenders themselves or tech providers, have launched products and platforms over the last few days to serve these equity-rich homeowners. As of June 30, the total
More home equity, more lending options for lenders Read More »
The average starter home in the United States sold for a record high last month, yet sales notably increased. The average price of a starter home rose 2.2% from last August to $206,508, while starter-home sales increased 3.8% year over year, according to a new report from Redfin, a subsidiary of Rocket Cos. August marked
Starter home sales climb despite record-high prices Read More »
The US Federal Trade Commission sued to block a partnership to make Zillow Group Inc. the exclusive provider of information on apartment rentals offered by Rocket Companies Inc.’s Redfin. In a complaint filed in Virginia federal court, the FTC said the partnership would reduce the number of websites offering apartment listings, leaving consumers with fewer places to
FTC sues to unwind Zillow-Redfin rental listing partnership Read More »
If you’re planning to buy a home this year, there’s one expense you can’t afford to overlook: closing costs. Almost every buyer knows they exist, but not that many know exactly what they cover, or how different they can be based on where you’re buying. So, let’s break them down. What Are Closing Costs? Your
Closing Costs Unpacked: State-by-State Breakdowns for Today’s Buyers Read More »
If you’re planning to buy a home this year, there’s one expense you can’t afford to overlook: closing costs. Almost every buyer knows they exist, but not that many know exactly what they cover, or how different they can be based on where you’re buying. So, let’s break them down. What Are Closing Costs? Your
Closing Costs Unpacked: State-by-State Breakdowns for Today’s Buyers Read More »
When much of the real estate industry is consolidating, Parker Pemberton, who runs the No. 1 team globally at eXp Realty, has decided it is time to strike out on his own. “I think that the marketplace needs strong local leadership and with the consolidation going on right now, it is getting very corporate out
No. 1 eXp mega team Pemberton Homes branches out on its own Read More »
When much of the real estate industry is consolidating, Parker Pemberton, who runs the No. 1 team globally at eXp Realty, has decided it is time to strike out on his own. “I think that the marketplace needs strong local leadership and with the consolidation going on right now, it is getting very corporate out
No. 1 eXp mega team Pemberton Homes branches out on its own Read More »
The Trump administration is preparing to slash funding for permanent housing programs aimed at addressing homelessness and shifting billions toward transitional housing that requires work or service participation, according to a report from Politico. The Department of Housing and Urban Development’s (HUD) Continuum of Care program — the nation’s largest initiative to house people experiencing
Trump administration plans deep cuts to homeless housing program Read More »