Knight Barry Title continues Florida expansion

Wisconsin-based Knight Barry Title acquired two additional businesses in Florida, running up its number of Sunshine State locations to 15. Knight Barry acquired Closing Boutique’s two Orlando offices in Clermont and Mount Dora, Florida, as well as Home Title America in West Palm Beach. Sandy Lawson, who founded Closing Boutique

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Mortgage tech firm Volly scoops up Home Captain

Volly, a mortgage tech company that offers customer relationship management and point-of-sale services for lenders, announced Wednesday the acquisition of mortgage and real estate tech startup Home Captain for an undisclosed amount. According to a release from Volly, the acquisition of Home Captain’s technology will extend the company’s reach into

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High-end home sales still rising in California, Florida

Home sales on properties labeled as “expensive” or “high-end” have skyrocketed in California’s Bay Area, Miami and Las Vegas in 2021, and overall purchases of high-end homes in the country jumped 26% year over year during the three months ending April 30, according to a recent study from Redfin. “Affordable”

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Spruce snags $60 million in Series C round

Real estate tech startup Spruce announced on Wednesday a Series C funding round of $60 million led by Zigg Capital and backed solely by repeat investors, including Bessemer Venture Partners and Scale Venture Partners. With the addition of its latest round, Spruce’s total funding is now at $110 million. Founded in

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Fewer people are submitting mortgage applications

Mortgage applications dropped for the second straight week, this time down 4% for the week ending May 28, 2021, according to the Mortgage Bankers Association‘s weekly mortgage applications survey. This week’s data was compared to mortgage applications from the week of Memorial Day in 2020. The overall housing index hit its lowest

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Meet Berkshire Hathaway HomeService’s new CEO

Christy Budnick, Berkshire Hathaway HomeServices CEO You may have never heard of Christy Budnick, but she is suddenly one of the most powerful people in residential real estate. Last week, Berkshire Hathaway HomeServices, a hulking network of franchisee brokerages, named Budnick its CEO. Budnick replaces Chris Stuart, who took a

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Biden tax credit to rehab homes is finally unveiled

The Biden administration announced proposals to combat the racial wealth gap, including a tax credit to rehab homes for low and moderate-income homebuyers as part of the trillion dollar infrastructure package. The White House announced the measures ahead of a trip President Joe Biden made to Tulsa, Oklahoma to honor

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Should you buy a home in a super-hot housing market?

The world has been dealing with a significant health crisis since the beginning of 2020. This has provided the American bear troll crowd numerous opportunities to pontificate about a likely long-lasting depression. If you bought into the theories being peddled by this crash-cult crowd (who, by the way, have been

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Forbearance re-entries making life difficult for servicers

Servicers’ forbearance portfolio volumes managed to drop one basis point last week to 4.18%, the 13th consecutive week of declines. However, some unfortunate trends are beginning to crystalize. Despite declines for nearly every investor type, last week’s positive numbers were offset by an 11 basis point jump in forbearance share

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2021 Rising Star Matt Jones: Reshaping the mortgage industry

 2021 HousingWire Rising Star Matt Jones, pictured above, is portrayed on the cover of the June HousingWire Magazine issue. He formerly served as senior counsel for the Senate Committee on Banking, Housing, and Urban Affairs, and currently, he serves as senior counsel for the U.S. Senate Finance Committee. Going into

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Foundation Title & Escrow expands into Georgia

Tennessee-based Foundation Title & Escrow LLC announced another move in the Southeast, this time opening a branch in Georgia. The new branch will open in June and run by Kristie Parker, the company said in a release. “Foundation Title & Escrow is excited to serve a new state with our

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Supreme Court decision on FHFA expected at any time

A Supreme Court decision which will determine if the Biden administration can fire the Federal Housing Finance Agency (FHFA) director will arrive before the month’s end. The court recently updated its calendar indicating its session will extend through the end of June. It has not yet specified when it will

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