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HUD is auctioning off 1,600 HECMs — with more to come
HUD is planning a second HECM auction, the next of which will be in September with some 2,000 loans totaling $548 million.
Real Brokerage adds California firm via private-label program
Since 2018, Showcase has closed more than 2,170 transactions totaling $826 million in sales volume, including $115 million in the past year alone.
Migration 2025: Where Americans are moving to — and why
Migration pathways such as New York to Los Angeles and Charlotte to Chicago highlight an interest in urban living, despite financial worries.
Purchase applications continue growth streak this spring
Mortgage applications decreased again, but purchase activity has posted year-over-year growth for more than two months as for-sale inventory continues to increase
Mutual of Omaha launches proprietary reverse mortgage product
The industry’s current HECM market leader is rolling out a new proprietary reverse mortgage product line known as SecureEquity.
Palisades, Altadena property values are actually soaring post-wildfires
Since mid-February, over 80 listings for burned lots in Pacific Palisades and Altadena have appeared on the market following the devastating Los Angeles wildfires that took place in January, with land parcels fetching prices exceeding initial expectations. The wildfires ravaged over 16,000 structures in total, which left homeowners to grapple with the choice to either […]
Patent infringement suit against Redfin dismissed
The load carried by Redfin’s legal team just got a bit lighter. The patent infringement suit filed by Virtual Creative Artists (VCA) over the system Redfin uses to power its listing portal has been dismissed.
Appeals court affirms ruling that ‘no commingling’ is not an antitrust violation
Originally filed by REX in March 2021, the lawsuit alleges that changes made to Zillow’s website “unfairly hides certain listings, shrinking their exposure and diminishing competition among real estate brokers.”
