Author: Michael Gersitz

Thursday evening, Association of Independent Mortgage Experts Chairman Anthony Casa announced he will be stepping back as the head of the association following backlash from lewd and sexist videos he sent out. In a statement to HousingWire, Casa said he

The House Financial Services Subcommittee on oversight and investigations held a hearing on Thursday examining how servicers provided clarity and information on the CARES Act and forbearance options for borrowers. The discussion, titled “Protecting Homeowners During the Pandemic: Oversight of

This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. Stay tuned for updates. An increasing number of real estate startups want to offer a fully integrated platform, giving users the

Popular solutions in the real estate industry, while in-person open houses were put on hold due to the COVID-19 pandemic, are 3D home tours, virtual home tours and even FaceTime home tours. In April, realtor.com said that about 25% of

If there is one thing to be learned from the #BlackLivesMatter eruption this year, it is that race and racism remain as an alarming and polarizing social chasm that has never been fully addressed. From the founding fathers who debated

Startup Knock announced Thursday it is getting out of the real estate brokerage business and becoming a lender. This morning, the company unveiled a major shift in strategy with its new Home Swap program, under which Knock serves as the

Single-family housing authorizations in June sunk 10.02% year-over-year – the steepest year-over-year decline in the past five years, according to a report by Buildfax, a property condition data service provider. Month over month, June experienced a 3.77% decline in single-family

The average mortgage rate fell to 2.98% this week, breaking the 3% threshold for the first time, as investors concerned about a resurgence of the COVID-19 pandemic fled to the safety of the bond markets and the Federal Reserve continued

Another 1.3 million people filed jobless claims last week, the lowest reading since the COVID-19 pandemic began slamming the U.S. economy in mid-March, and the overall number of Americans receiving unemployment benefits dipped. Initial claims fell just 10,000 from the

Plaza Home Mortgage announced it is suspending its sponsorship of the Association of Independent Mortgage Experts over “harassment and misogynistic behavior” by Chairman Anthony Casa. Over the July 4 holiday, Casa sent a video to Quicken Loans Vice President Austin Niemiec in

Paramount Residential Mortgage Group issued a statement Monday condemning the lewd video messages produced and distributed by Association of Independent Mortgage Experts Chairman Anthony Casa several weeks ago that resulted in a defamation lawsuit, while defending a response video made

In recent days, both Quicken Loans, the nation’s largest lender, and The National Association of Realtors, the nations’ largest trade organization, have called on the Department of Housing and Urban Development to withdraw its proposed rule to amend the HUD

Wells Fargo, JPMorgan Chase and Citigroup reported their second-quarter earnings on Tuesday, revealing how the banks fared as the COVID-19 pandemic shut down businesses across the country.  While the pandemic and recession are still ongoing, the earnings of the three

Nearly a quarter of Americans said they moved or know someone who moved due to COVID-19. According to a survey from Pew Research Center, 3% of respondents said they moved permanently because of the pandemic, 6% said someone moved into

Optimal Blue is on the market, according to a news report from Barron’s. The publication reported last night that Optimal Blue’s owner, GTCR, is gearing up to put Plano, Texas-based Optimal Blue up for sale. Barron’s cited unnamed bankers and