UWM adds Fannie Mae exec as chief growth officer

United Wholesale Mortgage has hired Desmond Smith, a former Fannie Max executive, to be its chief growth officer as the wholesale firm attempts to usurp Rocket Mortgage as the nation’s top lender. Smith comes to UWM after a stint at Fannie Mae as the senior vice president and chief customer

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Home prices soared 10.4% in December

December saw a double-digit annual increase for home prices across the country, according to the Case-Shiller Home Price Index from S&P Dow Jones Indices and CoreLogic. The nine U.S. Census regions showed a 10.4% annual gain in December, up from 9.5% in the previous month. The 10-city composite annual increase came in at 9.8%, up from

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Redfin’s Daryl Fairweather to speak at Spring Summit

Low interest rates, high demand and a shortage of available housing stock have stoked an incredibly competitive housing market this spring. But as rates rise off historic lows and more inventory comes online, home prices could start to cool. That’s why we’ve invited Redfin Chief Economist Daryl Fairweather to discuss the

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SitusAMC acquires Street Resource Group

SitusAMC, the New York-based real estate services and technology company that’s been on an acquisitions tear over the last year, has another feather in its cap: it has acquired warehouse loan software provider Street Resource Group. With the deal, SitusAMC now has two of the top warehouse loan software systems

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Josh Team out as Keller Williams president

Josh Team is out as president of Keller Williams, a few months after what appeared to be a promotion. Team wrote on his personal Facebook page Monday that, “I’ve decided to move on to my next opportunity from Keller Williams. In conversations with Gary, Carl, and the team we all

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Forbearance rate falls for third week in a row, to 5.22%

The total number of mortgages in forbearance declined seven basis points to 5.22% in the week ending Feb. 14, according to the latest estimate from the Mortgage Bankers Association. The trade group said 2.6 million homeowners are currently in forbearance plans. “The share of loans in forbearance has declined for three weeks in a row,

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First American’s Odeta Kushi to speak at Spring Summit

First American Financial Corporation’s Deputy Chief Economist Odeta Kushi will discuss the economic forecast for the rest of this year at HousingWire’s Spring Summit on March 4. An expert in her field, Kushi conducts research around demographic trends, Millennials and homeownership, monitoring and analyzing economic data related to the housing industry. Her

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Rocket Homes could be real estate’s sleeping giant

During breaks in nearly every televised basketball game, it’s there: Tracy Morgan imploring pensive homebuyers “pretty sure” is not enough, and that they can only be certain about their giant life choice with Rocket Mortgage. “Find the right mortgage with a local broker and Rocket technology,” intoned the narrator on

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What Compass is doing in Rhode Island

Compass wants to make a big splash in the nation’s smallest state, and it’s fueling intrigue and apprehension in a close-knit brokerage ecosystem.   The New York City-based company announced in January they acquired Lila Delman Real Estate, a Newport, Rhode Island-based brokerage that has been around since 1964 specializing in

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5 first-time homebuyer mistakes to avoid

The first-time homebuyer process is a lengthy one, and if you’re not careful, there’s a lot that can throw you off-track. From low appraisals to surprise credit checks, a number of hurdles could slow your purchase or even derail it altogether. Are you on the hunt for a new home?

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