HousingWireHousingWire Independent mortgage banks (IMBs) as a group expanded their profitability in the third quarter of 2024. But fewer companies recorded profits compared to the previous quarter, despite a brief dip in mortgage rates. According to the Mortgage Bankers Association (MBA), IMBs and mortgage subsidiaries of chartered banks reported an average…
Continue reading →HousingWireHousingWire The plaintiffs in the Lutz homebuyer commission lawsuit are looking to file yet another amended complaint. In a motion filed on Monday, James Lutz told the court that in his proposed amended complaint, he would add 31 more named plaintiffs to the suit. According to the motion, the “newly…
Continue reading →HousingWireHousingWire Fast-growing brokerage SERHANT. continues to enter new markets. Led by Ryan Serhant, the company announced the addition of the Atlas Group in Atlanta, growing its presence in Georgia as it already has agents in Savannah. Atlas Group is coming over from Compass. According to 2023 production data from RealTrends…
Continue reading →HousingWireHousingWire After two years of growth and expansion, real estate technology provider and software company Inside Real Estate is beefing up its executive team. On Tuesday, the firm announced the creation of two new leadership roles, which the company said will help to further enhance its tech offerings. The two…
Continue reading →HousingWireHousingWire CrossCountry Mortgage, a top-10 U.S. mortgage lender, has hired a team of former Pennymac Financial Services executives to lead its capital markets and investment-related activities. On Wednesday, CCM announced Vandad Fartaj as the chief investment officer, William Chang as chief capital markets officer, and Tom Rettinger as chief portfolio…
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