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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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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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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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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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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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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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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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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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 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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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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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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