The recently passed One Big Beautiful Bill Act (OBBBA) gave Americans a huge tax cut that critics say primarily benefits the wealthy. But the law contains a rare reversal from President Donald Trump on a key issue — the state and local tax (SALT) deduction. What the deduction does is all in the name. It […]
Where — and for whom — Trump’s higher SALT deduction cap has the most impact Read More »
Tidalwave, a mortgage technology startup that’s integrated with Fannie Mae and Freddie Mac, announced Monday that it has hired a pair of industry veterans to bolster its sales team. John Stephenson has joined Tidalwave as its head of national sales, while Frank Pastirchak is the company’s new account executive. Stephenson is a former relationship manager
Tidalwave announces new hires to lead mortgage technology sales Read More »
Real estate agents at two Bonner County, Idaho-based brokerages are facing charges of breaching fiduciary duty and engaging in a racketeering scheme with developers to sell defective homes. The suit was filed on Friday in U.S. District Court in Boise by plaintiffs David and Linda Wittwer, The Wittwer Family Trust, Daniel and Sharla Doyle, Daniel
Two Idaho brokerages, agents named in RICO suit Read More »
Move over, Gamestop — there’s a new memestock in town. The equity price of iBuyer pioneer Opendoor has surged of late, and it appears entirely driven by Reddit’s infamous Wall Street Bets subreddit and other social media platforms. As of Monday morning, Opendoor shares were trading for $3.31, a shocking 429% rise in just one
To the moon! Opendoor is Reddit’s new memestock Read More »
The U.S. mortgage market is undergoing a tectonic shift, and Non-Qualified Mortgage (Non-QM) lending is at the epicenter of this transformation. Once viewed as a niche or transitional product, non-QM lending now represents around 5 percent of today’s mortgage market, according to a recent CoreLogic report. Far from another risky expansion of lending standards that
The Non-QM revolution: Redefining homeownership in the modern economy Read More »
In a week marked by discussions of the potential firing of Federal Reserve Chair Jerome Powell and inflation data, mortgage rates remained relatively calm, thanks to improvements in mortgage spreads. Mortgage spreads have improved significantly since 2023, leaving us just 0.49% from normal levels, based on the data we use. This means we can achieve
Mortgage spreads are almost back to normal Read More »
Real estate technology company Rayse has launched a seller-focused module aimed at helping listing agents provide clearer communication and real-time updates to clients throughout the sales process. The new tool is the company’s first major product expansion since its 2024 launch. Originally focused on buyer-side transactions, Rayse is now offering agents a way to document
Rayse expands platform with new home seller tools Read More »
Welcome back to Tech Pulse — HousingWire‘s weekly series rounding up the latest in technology news, including tools, integrations and trends that impact mortgage and real estate. Here’s what happened this week: Realtor.com parent Move acquires Zenlist Realtor.com parent Move Inc. has acquired Zenlist, a real estate tech startup known for its agent-client collaboration tools. The deal boosts Realtor.com’s
Tech Pulse: Realtor.com acquires Zenlist; Zillow unveils new tools Read More »
Property management software company RealPage has acquired Livble, a flexible rent payment provider, in a move that expands RealPage’s reach into financial tools for renters and property managers. Financial terms of the deal were not disclosed. The deal brings Livble’s installment-based rent payment system into RealPage’s LOFT and Buildium platforms. Livble allows eligible renters to
RealPage acquires Livble, expanding rent payment options Read More »
Today’s housing starts report from the Census Bureau shows that Federal Reserve policy remains too restrictive for housing production to grow, which in the long run impacts the fight against inflation. This is why the data on single-family construction is not improving; in fact, it is getting worse. The unfortunate part is that we don’t need
Single-family construction is getting worse due to rates Read More »