Figure Technology Solutions priced its initial public offering Wednesday evening at $25 per share. This is $3 per share higher than the last expected price range of between $20 and $22. The first trade is expected to take place on Nasdaq on Thursday between late morning and early afternoon under the FIGR ticker symbol. While […]
Figure prices IPO above expected range Read More »
Key Insight: Consumer prices rose 0.4% in August, doubling July’s 0.2% increase, indicating inflation is rising but remains moderate. Supporting Data: The inflation numbers come after the U.S. economy reported only 22,000 jobs in August, the weakest gain since the pandemic recovery, while unemployment ticked up to 4.3%. Forward Look: The data likely does not
Inflation creeps higher in August, amid looming rate cut Read More »
Waiting for the perfect buyer to fall in love with your house? In today’s market, that’s usually not what’s holding things up. And here’s why. Let’s be real. Homes are taking a week longer to sell than they did a year ago. According to Realtor.com: “Homes are also taking longer to sell. The typical home
Patience Won’t Sell Your House. Pricing Will. Read More »
Artificial intelligence is elbowing its way into real estate, promising efficiency while threatening the very thing agents trade on: human connection. For Jeff Funk in Orlando and Michael Franco in New York City, the daily experiment isn’t whether to use AI, but how far to lean in without losing authenticity. Funk, leader of eXp Realty-affiliated
Avoiding a ‘sea of sameness’: Small real estate teams talk AI Read More »
When it comes to real estate, the best outcomes rarely happen by chance. The buyers who succeed are usually the ones who prepare early, long before they walk into their first showing. Preparation starts with understanding what a lender is willing to offer, and that can take one of two paths: a simple pre-qualification or
The quiet advantage in real estate: Pre-approval Read More »
Cost optimization is key to creating success in the world of mortgage servicing. Mortgage servicers have dedicated significant resources in pursuit of optimized processes and prices, as every fraction of the cent saved contributes to the bottom line. Servicers are laser-focused on enhancing throughput efficiency, applying advanced technology to automate and streamline every step from
Uncovering the hidden costs of investor reporting in mortgage servicing Read More »
What’s at stake: President Trump moved to fire Federal Reserve Gov. Lisa Cook via social media on Aug. 25, five days after Housing FInance Agency Director Bill Pulte raised allegations that Cook had engaged in mortgage fraud. Cook challenged her removal in court and was granted a preliminary injunction Tuesday night. Key insight: Pulte publicly
Experts: Pulte’s disclosures on Cook may violate privacy law Read More »
Opendoor Technologies announced Wednesday that it has named Kaz Nejatian, the former chief operating officer of Shopify, as its new CEO. Nejatian will also join Opendoor‘s board of directors as he takes over for Carrie Wheeler, who stepped down last month. The San Francisco-based iBuyer also announced two other personnel moves as co-founders Keith Rabois
Opendoor hires Kaz Nejatian as new CEO Read More »
Borrowers rushed to refinance in August as mortgage rates eased, pushing rate-and-term refi lock volume up 70% from July, according to Optimal Blue’s Mortgage Market Advantage report released Wednesday. “Borrowers are responding quickly to rate improvements, driving the strongest month for rate-and-term refinances we’ve seen this year,” Mike Vough, head of corporate strategy at Optimal
Optimal Blue: Rate-and-term refis soar 70% in August Read More »
U.S. Reps. Mike Flood (R-Neb.) and Emanuel Cleaver (D-Mo.) introduced the Streamlining Manufactured Housing Standards Act on Wednesday, which clarifies that the U.S. Department of Housing and Urban Development (HUD) has the sole authority to establish energy efficiency and safety standards for manufactured housing. “America has been grappling with a housing crisis and cutting red
Bipartisan House bill would strengthen HUD’s grip on manufactured housing standards Read More »