Author: Michael Gersitz

Now you see them, now you don’t… and now iBuyers are back again?  iBuyer companies like Opendoor and Zillow Offers were buying and selling homes at a fast pace in 2019 here in North Carolina. It seemed like they were

When the coronavirus pandemic paralyzed the nation in March, the Washington, D.C.-area housing market came to an abrupt halt. “February had been a good month, but in March everything stopped,” said Gregg Busch, loan officer at First Savings Mortgage. “By

While the real estate market has lots of challenges during the COVID-19 pandemic, a tsunami of houses being sold by Airbnb hosts who can’t pay their mortgages isn’t one of them. Airbnb’s tally of 850,000 whole-house listings is just 0.8%

At Inman‘s first all-digital conference on Tuesday, Inman Connect Now, many speakers addressed current events pertaining to the recent deaths of Ahmaud Arbery, George Floyd, Breonna Taylor, Tony McDade, and David McAtee, as well as the industry’s shift toward all

Vacation rental company Vacasa announced it received $108 million in Series D funding, led by Silver Lake and including participation from Riverwood Capital and Level Equity. The company’s previous round of funding was also led in part by Silver Lake,

Freddie Mac appointed Christian Lown as its executive vice president and chief financial officer, effective June 15, as the company prepares to exit conservatorship. Previously, Lown served as the executive vice president and chief financial officer of Navient Corp. As

The pace of borrowers seeking delayed mortgage payments is slowing, according to data released Monday by the Mortgage Bankers Association. The number of loans in forbearance increased 10 basis points for the week ending May 24, to 8.46% of outstanding

Requests for help from borrowers have slowed with the total number of mortgages in forbearance at about 4.8 million, Black Knight said on Thursday. Only 7,000 mortgages entered forbearance this week, Black Knight said. “Volumes of forbearance plans have flattened,

Real estate tech company Kleard has launched a new self-tour technology and app for homebuyers to tour homes on their own. The platform, Kleard Now, allows potential buyers to verify their identities, unlock participating homes and view them without an

In a recent guest contribution to HousingWire, Romi Mahajan suggested that the  National Association of Home Builders Housing Market Index is “inefficient, unscientific” and not predictive of future sales – In other words, useless or even “damaging” to the economy. 

Just two months after joining the Office of the Comptroller of the Currency as chief operating officer and first deputy comptroller, Brian Brooks has now ascended to the top job at the banking regulator. On Friday, Brooks officially became the

Redfin, which restarted its home-buying business earlier this month after pausing in March, is now fully back in expansion mode. The online real estate brokerage announced Friday that it is expanding its mortgage lending operations into three new states. Redfin launched

Fannie Mae issued a lender letter on Wednesday with additional requirements for borrowers who are self-employed.  “Income from a business that has been negatively impacted by changing conditions is not necessarily ineligible for use in qualifying the borrower,” the letter

This is the second installment of three-piece blog series from former Consumer Financial Protection Bureau Director Richard Cordray. The series challenges the industry on how it should think about foreclosures. Go here for the first piece. Markets are shaped by

The transition from 2019 into 2020 proved to be more difficult for mortgage lenders than in past years. In the switch of a year and the blink of an eye, the world changed dramatically. The first quarter of 2020 ushered

Throughout metropolitan areas nationwide, the tight supply of for-sale homes – already constrained pre-coronavirus and intensified in recent months – is continuing. Although the increase in purchase mortgage applications signal a rebound of home-buyer interest and record-low mortgage rates could