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Nevada Democrat calls on FHFA for transparency in home purchases by institutional investors
U.S. Rep. Susie Lee of Nevada wants to know more about institutional landlord involvement in foreclosed home sales within her state.
Judge dismisses insider trading suit against Rocket’s Dan Gilbert
The plaintiffs claimed chairman Dan Gilbert pocketed $500 million by selling company stock ahead of Rocket reporting poor earnings and guidance.
Rocket to issue $4B in debt amid Redfin, Mr. Cooper deals
Proceeds from the offering will primarily be used to redeem existing debt issued by Nationstar Mortgage Holdings (NMH), a subsidiary of Mr. Cooper.
Housing market “stuck” as mortgage rates remain above 7%
Mortgage rates fell slightly this week to 7.12%, but it was not enough to prevent mortgage applications from sinking to a 28-year low.
How the buyer commission lawsuits could upend the relationship between agents and LOs
If buyer brokers/agents are no longer involved in most real estate transactions, LOs who rely on agent referrals for transactions would have a smaller target group to focus on. Some LOs are already planning to reach consumers directly.
Ishbia urges FHFA to step in on GSE loan buyback issue
In a recorded video made public on Tuesday, Ishbia said the FHFA “is going to have to step in again because it’s becoming a big issue.”
More people are fleeing San Francisco and NYC for the suburbs
Since more companies located in pricey areas are allowing employees to work from home, migration patterns from coastal cities to suburbs are increasing. HW+ Premium Content
As homebuyers flee to luxury mountain towns, local housing markets are heating up
During this time when people are hunkering down with their families in cramped homes, an expansive vacation property seems more ideal than ever, especially in mountain towns like Aspen, Colorado and Jackson Hole, Wyoming. HW+ Premium Content
iBuyers: Did COVID-19 disrupt the disruptors?
Since the iBuying industry launched in 2014, billions of dollars have poured into companies created to disrupt the real estate industry. But as COVID-19 put a damper on real estate markets, it also impacted iBuyers. HW+ Columnist Robyn A. Friedman shares where they stand now and where they are headed. HW+ Premium Content
