By KIMBERLEY HAAS After months of anticipation, the Federal Reserve cut interest rates by half a percentage point at its meeting this week. This move is expected to boost consumer confidence and bring potential home sellers and buyers off the sidelines and into the housing market. In a statement, officials said members of the Federal…
By KIMBERLEY HAAS During the first Investor Day held by Rocket Companies, Founder Dan Gilbert shared his vision for the Detroit-based fintech platform. During an on-stage chat with President Bill Emerson, Gilbert said the influence of the internet became clear in the 1990s and since mortgages are not a physical item, it was obvious to him…
By KIMBERLEY HAAS Recent surges in immigration have pushed demand for rental housing and the effects will be felt for years to come. During a recent webinar, Eric Finnigan, vice president of demographics research at John Burns Research and Consulting, said that they are tracking data from the Congressional Budget Office, and immigrants with pending…
By KIMBERLEY HAAS People with limited English proficiency can get access to mortgage documents in their native language with advancements in technology. Talk’uments is a digital language technology provider that empowers borrowers with interactive loan information. Company leaders recently announced an integration with nCino, a provider of cloud banking for the financial services industry. Mortgage…
By KIMBERLEY HAAS Leaders at United Wholesale Mortgage say consumers save thousands of dollars working with an independent mortgage broker while lawyers in a class action lawsuit continue to present evidence that the company duped borrowers into believing they got the best deal on their home loans. UWM issued a press release on Aug. 28…
By KIMBERLEY HAAS The executive vice president of Rocket Pro TPO has some advice for the broker community as temperatures cool and autumn begins: Ignore the noise. “We live in a world where there’s so much noise out there. I mean, there’s stuff on social media. If you turn on the TV, you hear stuff…
By KIMBERLEY HAAS Vice President Kamala Harris brought up housing during her speech at the Democratic National Convention in Chicago. Harris was talking about her plan to create an “opportunity economy” where everyone has a chance to compete and succeed regardless of where they live. “As President, I will bring together labor and workers, small…
By KIMBERLEY HAAS Leaders at Freedom Mortgage have announced they will provide a total of $100,000 to the Rucksacks to Backpacks program which supports military families with needed school supplies. The program is run by the United Service Organizations. This is the 12th year Freedom Mortgage has supported these efforts. “Each year, this campaign creates…
By KIMBERLEY HAAS Chief Operating Officer Jeremy Wacksman has been promoted to chief executive officer at Zillow Group. He succeeds co-founder Rich Barton, who remains on the board of directors and becomes co-executive chair alongside Zillow co-founder and current Executive Chair Lloyd Frink. Wacksman was also appointed to the company’s board of directors. Wacksman left…
Advances in artificial intelligence combined with a fast-paced real estate market that puts pressure on industry professionals and consumers to rely on technology have led to increased wire fraud. According to the 2024 State of Wire Fraud Report by CertifID, real estate is especially vulnerable to fraud because data on property listings is publicly available…
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