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Senate confirms Andrew Hughes as HUD’s deputy secretary, but key vacancies remain
Andrew Hughes’ confirmation fills a key vacancy, but several others remain, including leadership roles at FHA and Ginnie Mae.
Fairway makes a deal to acquire Hallmark Home Mortgage
Fairway Independent Mortgage Corp., a top 20 U.S. mortgage lender, announced a deal on Wednesday to acquire Hallmark Home Mortgage in an asset sale. Financial terms were not disclosed.
Investor home sales hit record high as small buyers gain ground
The rise in investor sales coincided with a modest uptick in investor purchases, which accounted for 13% of home sales last year.
Industry experts are closely watching delinquency rates, insurance costs
These issues are mainly related to FHA loans, which had a delinquency rate increase of 130 bps in Q4 2023
FHA institutes new payment supplement partial claim
The new option combines a standalone partial claim and a monthly principal reduction payment for three years
Home sales beat estimates: no housing crash in sight
NAR’s existing home sales data beat estimates in July, demonstrating once again that there is no housing crash coming, despite what social media says. HW+ Premium Content
Low-fee, alternative models lead real estate on Inc. 5000
Low-fee, team brokerage and alternative models lead the 2021 Inc. 5000 rankings, mirroring the 2021 RealTrends 500 rankings. HW+ Premium Content
Keller Williams wants to be a different kind of iBuyer
Keller Williams says its “agent-centric” iBuyer model, known as Keller Offers, is genuinely different than its competitors: theirs is the only one that has a fiduciary duty to its agents’ clients. HW+ Premium Content
