Rocket Companies has extended the deadline for investors to exchange debt issued by a Mr. Cooper Group subsidiary for the lender’s own paper — a step tied to its $9.4 billion acquisition of the competitor. The deadline moved from Sept. 2 to Sept. 30, still leaving enough time for the deal to close in the […]
Rocket pushes back debt exchange deadline amid Mr. Cooper deal Read More »
One of the nation’s top mega teams is returning to Corcoran. New York City-based Noble Black & Partners is returning to Corcoran after a 10-year stint at Douglas Elliman, according to an announcement on Wednesday. Founded by Noble Black, he and his team are bringing a portfolio of $500 million in luxury listings across New
RealTrends Verified mega team Noble Black & Partners returns to Corcoran Read More »
More than one in four U.S. homes — valued at $12.7 trillion — are exposed to severe or extreme climate risks, according to a report released Tuesday by Realtor.com. The analysis found that threats from flooding, hurricane winds and wildfires are increasingly reshaping housing markets, homeowner costs and insurance availability. “Climate risks are no longer
$12.7 trillion in US homes face severe climate risks Read More »
Home Equity Conversion Mortgage (HECM) endorsements fell sharply in August, even as a handful of reverse mortgage lenders continued to dominate the market. The Federal Housing Administration (FHA) insured 2,062 HECMs in August, according to data compiled by New View Advisors that was released on Wednesday. That marked a 13% decline from July and the
Reverse mortgage production metrics took a tumble in August Read More »
For years, doom-and-gloom headlines have hyped a looming “housing crash.” But the data, demographics, and long-term trends tell a very different story. The United States isn’t teetering on the edge of collapse — it’s standing at the threshold of what we are calling a 25-year surge: a generational housing boom unlike anything we’ve seen before.
The 25-year housing surge and why the boom is just beginning Read More »
As agents, Zillow is our best friend and worst enemy. Generally, it provides easy access to listings and gives our clients a glimpse of the market, but it can also be unrealistic with pricing, thereby giving false promises to home buyers and sellers. Either way, it is the go-to listing platform with about 227 million
Is Zillow Premier Agent worth the cost? Read More »
Mortgage rates decreased slightly on Wednesday morning to a year-to-date low of 6.49% after the job openings data came in below expectations. The key takeaway from this BLS report is that we now have more unemployed workers than job openings. This is significant because the Federal Reserve has traditionally valued job openings data and has
Mortgage rates hit a new 2025 low after soft job openings report Read More »
With real estate technology changing faster than new agents answering their phones, finding that Goldilocks mix of real estate brokerage software that works for your brokerage isn’t easy. Most broker-owners we know are struggling to find tools that can move the needle for their businesses, quickly. For many, it’s sink or swim time. To help
The Best Real Estate Brokerage Software for 2025 Read More »
The American Land Title Association (ALTA) is taking a stand in Fidelity National Financial’s (FNF) lawsuit against the Financial Crimes Enforcement Network (FinCEN) and its new mandatory reporting rule, set to go into effect in December. On Tuesday, the title insurance trade group filed a motion asking the U.S. District Court in Jacksonville, Fla., for
ALTA throws support behind Fidelity in FinCEN lawsuit Read More »
October 3rd is a date that has come up many times in the past month of mortgage rate coverage. That’s because there’s been a veritable chasm between the rates on that day and every other day since then. Why? October 4th’s jobs report caused an uncommonly large rate spike with the 30yr fixed average moving
Mortgage Rates Officially Hit 11-Month Low Read More »