Author: Michael Gersitz

Zillow announced Tuesday morning that it would resume buying homes via Zillow Offers in five more markets, making 20 out of its 24 markets operational again since pausing the service due to COVID-19. Home sellers in Los Angeles; Riverside, California;

Tappable home equity, meaning the equity homeowners could borrow against while leaving a 20% buffer, rose to a record $6.5 trillion in the first quarter, Black Knight said in a report on Monday. More than 75% of homeowners with tappable

Kanye West had a busy weekend. On July 4 the rapper used Twitter to announce he was running for president, apparently with the support of Elon Musk, and on Sunday seemed to indicate he was resuming an affordable-housing project he

While risk is inherent in all stages of origination, the closing process has a distinctive consideration as lenders and title agents collaborate on sealing the deal. With so many moving parts, risk mitigation is key to ensuring a successful closing.

Lenders attempting to reach borrowers in arrears will still be limited in the use of robocalls thanks to the actions of the Supreme Court on Monday, where they upheld a federal ban on the non-emergency auto-dialed calls to cell phones.

The danger of mortgage forbearances turning into foreclosures is rising as COVID-19 infections surge in the U.S., according to the Federal Reserve Bank of Atlanta. COVID-19 cases in Texas, Arizona, Florida and other sunbelt states have set record highs in

The Houston Association of Realtors said it will stop using the term “master” when describing bedrooms or bathrooms via its multiple listing service. Instead, HAR will update the phrase to say “primary bedroom” and “primary bathroom,” according to the Houston

The U.S. has failed to contain the COVID-19 virus, alone among developed economies, and will suffer the economic consequences, Goldman Sachs economists said in a report issued on Independence Day. “Over the last few weeks, the covid situation in the

Mortgage fulfillment servicer Promontory MortgagePath is looking to hire mortgage professionals for its Denver and Danbury, Connecticut locations. The eight positions currently open are fully remote during the pandemic, but will likely return to in-person at a later date. At

As cities all over the country see a surge in COVID-19 cases, many companies are re-evaluating plans to reopen their offices. On July 1, tech giant Google announced it was delaying the reopening of its U.S. offices by about two

With mortgage rates hitting historic lows, many consumers are eager to shop for houses. However, they face the challenge of low inventory and sellers who may be hesitant to put their homes on the market in the midst of the

The housing market continues to show positive signs of recovery, according to realtor.com’s weekly Housing Market Recovery Index, yet the effects of COVID-19 still remain a concern. The index is set to 100 for the last week of January and

When the nation’s top central bankers spoke in public this week, they didn’t sugarcoat their outlook for the U.S. economy: What could have been a V-shape recovery if the nation managed to get the COVID-19 virus under control is probably

On Wednesday, reverse mortgage lender Open Mortgage pledged to suspend its Facebook advertising for the month of July in solidarity with the Stop Hate For Profit campaign. The multi-channel mortgage lender stated in a release that it stands with the