Real Estate Broker/Agency News

Gridiron Capital acquires Class Valuation

Private equity firm Gridiron Capital has acquired Michigan-based appraisal management company Class Valuation from another private equity player, Narrow Gauge Capital, the firms said in a statement on Friday. Terms of the deal were not disclosed, though Narrow Gauge will retain a minority share in Class Valuation, which claims to

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NAR schedules proxy war with Zillow

SentriLock, the home lockbox company wholly owned by the National Association of Realtors (NAR), announced Tuesday that they created a computer and smart phone platform to help real estate agents juggle their home showing appointments. The development is intriguing for a few reasons.   For one, SentriLock, which is a

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Fannie Mae exec Andrew Peters leaves for Lenderworks

National mortgage services provider Lenderworks has brought on Fannie Mae‘s head of single-family strategy Andrew Peters as president, the company said Monday. Peters served as a strategy consultant for the government sponsored enterprise before rising to the position of vice president, head of single family strategy for nearly two years.

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Ginnie Mae loans lead drop in forbearance to 4.66%

Servicers’ total number of loans in forbearance fell a whopping 24 basis points to 4.66% of portfolio volume during the first full week of April, according to a survey from the Mortgage Bankers Association – one of the biggest drops in the history of the series. Ginnie Mae loans in

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Biden’s $1.5 trillion budget calls for big investment in HUD

President Joe Biden’s $1.5 trillion discretionary funding request includes a 15% budget increase for the Department of Housing and Urban Development (HUD) to combat homelessness, retrofit rental housing and increase the supply of affordable housing. But housing industry insiders tell HousingWire that the proposed budget looks unlikely to be passed

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Credit Plus integrates with LendingWise

Business credit report provider Credit Plus announced last week it has integrated with LendingWise, an LOS-software platform serving commercial lending. The move establishes Credit Plus in the commercial and private money lending spaces. “In today’s market, efficiency is everything and this new integration makes it much easier for lenders using

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Stewart Title acquires New Mexico-based company

Add another company to the Stewart Title family tree. The title and closing giant announced last week the acquisition of Prima Title, LLC, a Santa Fe, New Mexico-based company, to its Southwest portfolio. The move comes on the heels of Stewart’s acquisition of A.S.K. Services, a title and search support

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