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Argyle announces verification of assets through Finicity
The addition enables Argyle to offer lenders a unified, GSE-accepted solution for verifying income, employment and assets.
Civil rights groups sue HUD for withholding fair housing grants
The suit alleges that HUD’s refusal to distribute appropriated funds under the Fair Housing Initiatives Program violates federal law.
Real acquires Flyhomes’ AI-powered home search portal
Real has also made an equity investment into Flyhome and will offer the company’s “Buy Before You Sell” product through its lending operation
The trigger lead bill looks in doubt post-election
The post-election landscape has complicated the mortgage industry’s efforts to pass a trigger lead bill. Backup plans are being formulated.
The typical mortgage lender made a profit of $701 per loan in Q3
Independent mortgage banks grew their average profits in Q3 2024. But fewer companies recorded profits compared to the previous quarter.
Better’s AI bots might take over mortgages — but its losses are still piling up
With its Q3 2024 revenue down and net losses up, Better is banking on AI and retail lending expansion as the future of its mortgage business.
Housing inventory stalls: Less than 3K homes added
Housing inventory had another slow week, with less than 3,000 homes added to active listings. Will we see an early seasonal decline?
Redfin looks to experiment with a new brokerage compensation model
Redfin was in the red yet again in the second quarter, but its losses are narrowing and it’s tweaking its unique brokerage model to court more experienced agents in pricey coastal areas.
Homebuilders are at max capacity. And the housing shortage keeps widening
At around 30% now, the homebuilding industry is likely near the peak level of new-home sales as a share of the entire housing market, according to industry experts who spoke with HousingWire. We explore why that is.
