HousingWireHousingWire Guaranteed Rate Affinity announced a promotion on Tuesday as the joint venture company named 22-year industry veteran Mark Rawls as vice president of mortgage lending. Rawls is the latest addition to a leadership team of seven executives at the developing company. Guaranteed Rate Affinity was formed in 2017 through…
Continue reading →HousingWireHousingWire eXp Realty continues to add agents and teams at a fast clip. The company announced the addition of the Maine-based Realty ONE Group, a 36-agent team that has closed 338 transactions totaling $128 million in sales volume so far this year. The team is led by Steven Brackett, who…
Continue reading →HousingWireHousingWire A new study from Morningstar focused on U.S. retirement readiness illustrates that while there has been some improvement over time, general retirement preparedness is lacking. Using data from the Federal Reserve’s Survey of Consumer Finances, Morningstar researchers analyzed data from 3,442 households before projecting 1,000 possible “life paths” for…
Continue reading →HousingWireHousingWire Mortgage rates continue to rise, serving as a bucket of cold water for lenders and consumers that were warming to lower borrowing costs just a few months ago. According to HousingWire‘s Mortgage Rates Center, the average 30-year conforming rate was 6.61% on Tuesday. That was up 15 basis points…
Continue reading →HousingWireHousingWire The Federal Housing Administration (FHA) this week announced two temporary policy waivers as the response to hurricanes Helene and Milton continues. The FHA’s 203(k) rehabilitation mortgage program currently has a requirement that “when a repair is considered ‘major,’ it becomes ineligible to be financed” as part of the 203(k)…
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