Author: Michael Gersitz

RE/MAX has greatly expanded its foothold in northeast Florida, buying Jacksonville brokerage mainstay Magnolia Properties. Magnolia Properties’ 125 agents are now part of RE/MAX Leading Edge, a franchisee based in St. Augustine, Florida, according to a RE/MAX company announcement Monday.

Fred Bolstad, executive vice president of retail lending at U.S. Bank Home Mortgage, will speak on a panel titled What Mortgage Tech is Solving Now at HousingWire’s Spring Summit on March 4. Bolstad will be joined on the panel by Dave Vermillion, founder

The numbers are in: Compass lost $270 million in 2020, and the residential real estate brokerage generated $3.7 billion in revenue. Those figures are from a statement Compass filed with the Securities and Exchange Commission on Monday afternoon, in which

After one month of steady declines, servicers’ forbearance portfolio volume rose one basis point last week to 5.23%, according to data released Monday by the Mortgage Bankers Association. The trade group pointed to a slowdown in exits coupled with an uptick

With low interest rates and a booming refinance market, it is natural that loan officers and brokers are focused on agency loans and also a thriving purchase market. However, with a futures rate curve that has recently been increasing, only

Logan Mohtashami HousingWire Lead Analyst When economic data that is typically sticky has a waterfall dive followed by a quick parabolic recovery, forecasting a trend can be tricky. The MBA purchase application data changed during our year of COVID-19. In

The 30-year mortgage is easily the most popular and talked-about mortgage product out there. After all, in January 2021, 30-year loans accounted for a whopping three-quarters of all mortgage originations in the country.  But make no mistake: They’re not your

We all have our own prominent COVID-19 memory from 2020. Mine was on Sunday, March 15. I sat at home that morning typing out an employee memo that effective immediately all team members would be expected to work from home

In this HousingWire Daily episode, HW+ Managing Editor Brena Nath covers the recent COVID-19 forbearance extensions. In February, U.S. Department of Housing and Urban Development announced that it had extended COVID-19 foreclosure and forbearance moratoriums for FHA and USDA loans to June 30,

Today’s U.S. housing market is leaving many prospective homebuyers priced out. Homes, on average, have become less affordable, and the ones that are affordable are in short supply. As a result, 55% of future homebuyers believe that homeownership is out

Zillow is putting their money where their Zestimate is, at least to a point. The “Zestimate,” Zillow’s catchy (and soapy) name for estimated home values, will sometimes be used as the initial offer Zillow plans to pay to purchase a

Finicity, an open-banking solutions provider that was acquired by Mastercard in October, announced that it is dipping further into the mortgage space. Finicity’s latest product, dubbed its “mortgage verification service,” will allow prospective borrowers to provide certain permissions that allow