Real Estate Broker/Agency News

@properties plucks Detroit shop as first franchisee

Chicago’s @properties announced its first franchise location Tuesday – the Detroit shop formerly known as Alexander Real Estate. Alexander, now rebranded as @properties, is a four-year-old firm with 45 agents and $120 million in 2020 sales volume that has so far focused on downtown Detroit.   Snapping up Alexander is

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Mortgage applications drop for second week

As mortgage rates come off of their historic lows, mortgage applications dropped for the second week, according to data from the Mortgage Bankers Association. Mortgage applications dropped 5.1% for the week ending Feb. 12, after falling 4.1% the week prior. Notably, the refinance share of activity dropped to 69.3%, the

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Western Alliance to acquire AmeriHome for $1B

Depository bank Western Alliance has reached a deal to acquire correspondent lender AmeriHome for $1 billion in cash, the firms announced late Tuesday afternoon. With the acquisition, Western Alliance will grab full control of America’s third-largest correspondent lender from an affiliate of financial giant Apollo Global. AmeriHome purchased approximately $65

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Brian Zitin, CEO of Reggora, to speak at Spring Summit

Out of necessity, the pandemic spurred numerous changes in the mortgage process, including appraisals. But what part of that will stick after we’re back to a more normal environment? We’re exploring that topic at our Spring Summit on March 4 and asked Brian Zitin, co-founder and CEO of Reggora, to

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Why choosing the right non-QM lender matters

Does it matter which non-QM lender you go with? Oh yes it does. You’ve made the decision to learn more about non-QM because you understand more borrowers need it today to qualify for a loan.  Now what? Chances are you’ve read a lot about non-QM in mortgage industry news, seen catchy

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