Freddie Mac on Friday announced that its president Michael Hutchins has been appointed interim CEO, effective March 16, but the company continues its search for a permanent appointment. He will replace Michael DeVito, who is retiring after three years in the job.
Average IMB lost $2,109 per loan in Q4 2023
Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported an average net loss of $2,109 on each loan they originated in the fourth quarter of 2023, according to the Mortgage Bankers Association (MBA). The loss is almost double
ICE Mortgage Technology’s Sara Holtz joins Optimal Blue as CMO
Optimal Blue has brought on Sara Holtz, former vice president of demand marketing and communications at ICE Mortgage Technology, as chief marketing officer (CMO). Holtz will drive unified marketing and communications strategies to advance Optimal Blue’s business priorities and further
Freddie Mac names president Michael Hutchins interim CEO
Freddie Mac on Friday announced that its president Michael Hutchins has been appointed interim CEO, effective March 16, but the company continues its search for a permanent appointment. He will replace Michael DeVito, who is retiring after three years in the job.
NAR settles commission lawsuits for $418 million
The National Association of Realtors has agreed to pay $418 million in damages to settle the real estate commission lawsuits. The trade group has also agreed to abolish the “Participation Rule” that required sell-side agents to make an offer of
Blend narrows loss in 2023, projects confidence in achieving profitability this year
California mortgage tech firm Blend Labs narrowed its loss in 2023 by expanding its consumer banking footprint and growing its mortgage consumer base. The San Francisco-based company reported a non-GAAP net loss of $101.3 million in 2023, down from a
Tight inventory and frustrated buyers challenge agents in Virginia
No matter where you are in the state, real estate agents in Virginia are facing low inventory conditions that are creating frustrating scenarios for their buyers. “I think people are getting used to the interest rates where they are now,
4 Outdoor Fireplace Ideas to Warm Up Your Space
Check out these captivating outdoor fireplace ideas that will transform your outdoor space into a cozy haven. The post 4 Outdoor Fireplace Ideas to Warm Up Your Space appeared first on HouseLogic. Go to Source Author: HouseLogic
Rising home insurance costs are adding pressure for buyers: Insurify
The dream of homeownership is becoming increasingly elusive for many Americans as both home prices and insurance premiums are on the rise. Over the past decade, home prices have nearly doubled, according to the S&P CoreLogic Case-Shiller national index. Homeowners
Why Is Home Insurance So Expensive in 2024?
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State of Real Estate in 2024
Influx of sellers arrives just in time for spring season
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Is That Fixer-Upper House Really Worth It?
Buying a fixer-upper home can be a gamble; here are ways to come out on top. The post Is That Fixer-Upper House Really Worth It? appeared first on HouseLogic. Go to Source Author: Melissa Dittmann Tracey
Real Estate Deals WE’RE Doing in 2024 That Rake in HUGE Rents
How to to Deep Clean Your Home for Spring — or Any Time
Here’s the inside scoop on how to tackle the dreaded chore of deep cleaning. The post How to to Deep Clean Your Home for Spring — or Any Time appeared first on HouseLogic. Go to Source Author: Melissa Dittmann Tracey