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Mortgage rates are cooling off, but the policy debate is just heating up
Last week, the Fed once again held its policy rate steady at a range of 4.25% to 4.5%. But more signs are emerging that the cuts projected at the start of the year are likely to happen sooner rather than later.
Former tech leaders return to loanDepot as Hsieh reclaims CEO role
loanDepot said that over the next three months, the executives will assess the “critical resources required to develop next-generation tools and capabilities.”
Argyle, LenderLogix partner to embed automated income, employment, asset verification
The integration lets mutual customers of Argyle and LenderLogix embed verification directly into LiteSpeed, LenderLogix’s POS platform
Idaho passes new law to curb use of mortgage trigger leads
Idaho is the latest state to address consumer privacy by regulating the use of consumer information linked to mortgage credit inquiries.
Homebuyers made record down payments in 2024
For all of 2024, buyers put down an average of $29,900, or 14.4% of the purchase price, marking the highest figures since tracking began.
Offerpad tightens belt, narrows 2024 loss to $62M
Online property marketplace and real estate technology company Offerpad Solutions Inc. reported a net loss of $17.3 million in the fourth quarter of 2024, which was up 12% from the $15.4 million loss it sustained in the final quarter of 2023.
Maverick Systems expands agent recruitment platform
Chicago-based Maverick Systems is rapidly expanding its real estate data analytics platform nationwide, offering brokerages a new tool in the competitive landscape for experienced agents.
Former Zillow executives launch AI assistant used entirely over the phone
Former Zillow executives Luis Poggi, Spencer Rascoff and Alex Kutner on Tuesday launched HouseWhisper, an AI-powered assistant integrated into an agent’s calendar and customer relationship management (CRM) system to do things like schedule appointments and provide notes throughout the day.
