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HomeStreet to sell $794M in Ginnie Mae MSRs
Seattle-based HomeStreet Bank has agreed to sell its $794 million Ginnie Mae loan servicing portfolio to an undisclosed “experienced” buyer, the company announced in a regulatory filing.
NAF launches multimillion-dollar marketing campaign
The campaign, called “Hell Yeah You’re Buying a Home,” is designed to “energize and empower” the next generation of first-time homebuyers.
Douglas Elliman launches in-house mortgage platform
Luxury real estate brokerage Douglas Elliman Real Estate has partnered with Associated Mortgage Bankers to launch an in-house mortgage platform, Elliman Capital, designed to streamline the financing process for homebuyers.
Former FHFA Director Mark Calabria joins CFPB in interim role
Mark Calabria is the latest addition to the leadership roster at the CFPB, despite the bureau’s near shutdown.
HMBS 2.0 rollout could be hobbled by reported Ginnie Mae staff cuts
A former official said that layoffs at Ginnie Mae could delay or table certain programs like HMBS 2.0, but a source familiar with HUD’s plans disputed any “drastic staffing cuts.”
Massive FHA cuts would create dysfunction for mortgage industry, homeowners: ex-official
A large-scale layoff at FHA could damage mortgage lenders and investors who rely on popular programs like Section 8 and Section 202, an ex official said.
Game of chicken: Private MLSs stare down DOJ over settlement terms
MyState MLS and a number of privately owned MLSs have stepped into a legal gray area by continuing practices that the vast majority of MLSs can’t conduct anymore, due to new rules mandated by the landmark antitrust settlement from the National Association of Realtors (NAR). While no legal statute presently outlaws these practices, the MLSs might be engaging in a game of chicken with the Department of Justice (DOJ) and the law firms that have won or settled commission lawsuits.
’Where the rubber meets the road’: New Hampshire brokers reflect on the NAR settlement
Brokers in New Hampshire weigh in on how agents in their markets have adapted to recently implemented business practice changes.
‘Combative’ Portland housing market is having post-pandemic growing pains
To get a sense for what the mood is among real estate agents right now, look no further than Portland, Oregon. Like the vast majority of the country, the city’s housing market has been stymied by high mortgage rates, low inventory and mismatched expectations between buyers and sellers.
