Real Estate Broker/Agency News

Freddie Mac appoints new team to address housing equity

Freddie Mac announced Wednesday the creation of new leadership roles in order to address equity in housing in single- and multifamily housing businesses. Pamela Perry Freddie Mac appointed Pamela Perry as vice president of single-family equitable housing, and Amanda Nunnink as vice president of equity in multifamily housing. Perry will

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Mortgage applications dip as rates climb

The seesaw nature of mortgage applications continued for the week ending Feb. 5, as applications decreased 4.1% from the prior week, according to the latest data from the Mortgage Bankers Association. Applications were up 8.5% the week ending Jan. 29 – breaking a two-week stretch of decreases – before falling

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What is a home appraisal gap?

When you go to buy a home, your mortgage lender will almost always order a home appraisal. The purpose? They want to verify the home’s worth. Specifically, they want to be sure it’s worth the money they’re lending you and, most importantly, that they’ll recoup their investment if you default

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Matterport to go public via SPAC in $3B deal

Venture capital-backed real estate technology firm Matterport will merge with a blank-check company and go public in a deal that values the startup at $2.3 billion. Matterport, a spatial data firm that makes software for virtual property tours, will merge with a special purpose acquisition company (SPAC) led by billionaire

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Should lenders look to non-QM when the refi boom slows?

Last June, Angel Oak Mortgage Solutions was bracing itself for an influx of non-QM borrowers after the pandemic. Since then, there has been a healthy appetite for non-QM products. HousingWire recently sat down with Tom Hutchens, Angel Oak EVP of production, to talk more about the increased demand. HousingWire:  We’ve

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Top Realtor Xio Sandoval to speak at Spring Summit

The demand for real estate has grown to a frenzy in some areas of the country over the last year and succeeding in those competitive markets requires skill, experience and finding innovative ways to get deals done. That’s why we’ve invited Xio Sandoval, a top Century 21 Realtor, to speak

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FHFA extends forbearance period to 15 months

Borrowers with mortgages backed by Fannie Mae and Freddie Mac may be eligible for an additional forbearance extension of up to three months, the Federal Housing Finance Agency announced Tuesday. FHFA forbearance plans initially had a 12 month expiration date, however, the government entity is now allowing borrowers up to 15 months of coverage. According

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Real Estate Virtual Demo Day: Metro Brokers

Metro Brokers – Craig McClelland McClelland was a top Realtor before starting a small independent firm in Atlanta after his first year in the business. He grew the firm to 23 offices with 1,100 agent before selling the company at the end of 2007. McClelland joined Metro Brokers in April

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