Real Estate Broker/Agency News

New program puts Black real estate agents at forefront

The National Association of Real Estate Brokers and HomeLight has announced the creation of its “Black Real Estate Agent” program to provide financial, educational, and career support for aspiring Black real estate agents. HomeLight is partnering with NAREB in this venture with the goal of ultimately improving the rate of

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Yellen: Biden stimulus to bring full employment by next year

U.S. Department of the Treasury Secretary Janet Yellen said if President Joe Biden’s $1.9 trillion COVID-19 stimulus bill is passed, the economy could return to full employment as soon as 2022. “There’s absolutely no reason why we should suffer through a long slow recovery,” Yellen said during an interview on

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Excelerate Capital acquires Castle Mortgage Corporation

Excelerate Capital, a multi-state full-service wholesale, retail and residential mortgage banker, announced today the successful completion of its acquisition of Castle Mortgage Corporation.   Headquartered in Newport Beach, California, Excelerate Capital was an early adopter of non-QM lending following the advent of the Ability-To-Repay (ATR) rule in 2014. It also provides

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5 million missed rent or mortgage payments in December

Roughly 5 million households did not make their rent or mortgage payments in December, and 3.5 million renters and homeowners feel at risk of losing their home, according to new research from the Mortgage Bankers Association. There are some bright spots, however. The 5 million households who missed a payment

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Fannie Mae reports rising confidence in housing market

Following two months of steady declines, Fannie Mae’s Home Purchase Sentiment Index (HPSI), a composite index designed to track the housing market and consumer confidence to sell or buy a home, rose in January. The HSPI rose 3.7 points last month to 77.7. Though it’s undoubtedly a positive sign, the HPSI has yet

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Senate committee confirms Marcia Fudge as HUD secretary

The Senate Committee on Banking, Housing and Urban Affairs confirmed Marcia Fudge as the next secretary of the U.S. Department of Housing and Urban Development in a bipartisan vote, sending her nomination to the full Senate. The vote passed 17 to seven with all 12 of the committee’s Democrats and

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