Trump signs directives on evictions, unemployment and payroll tax deferral

Date: 9 Aug 2020 / Posted By: admin

Trump signs directives on evictions, unemployment and payroll tax deferral President Donald Trump signed an executive order and three memorandums in a ballroom of the Trump National Golf Club in Bedminster, New Jersey, on Saturday aimed at providing relief to Americans suffering from the economic f

HUD resumes inspections of public housing units amid COVID-19 pandemic

Date: 7 Aug 2020 / Posted By: admin

HUD resumes inspections of public housing units amid COVID-19 pandemic The Department of Housing and Urban Development said it was resuming in-person inspections of public housing units, though families concerned about the spread of COVID-19 can decline to have a HUD worker in their home. The so

New York extends eviction moratorium again

Date: 7 Aug 2020 / Posted By: admin

New York extends eviction moratorium again New York Gov. Andrew Cuomo has extended the state’s eviction moratorium again, as many fear being kicked out of their homes after the federal eviction moratorium and unemployment benefits ended late last month. In March, the State of New York Uni

Rocket’s IPO makes Dan Gilbert the 28th richest person in the world

Date: 7 Aug 2020 / Posted By: admin

Rocket’s IPO makes Dan Gilbert the 28th richest person in the world The initial public offering of Rocket Companies, parent of mortgage behemoth Quicken Loans, more than quadrupled the wealth of founder Dan Gilbert and made him the 28th richest person in the world, according to a Bloomberg rankin

Fannie Mae survey confirms: It’s a seller’s market

Date: 7 Aug 2020 / Posted By: admin

Fannie Mae survey confirms: It’s a seller’s market After two consecutive months of advances, Fannie Mae’s Home Purchase Sentiment Index, a composite index designed to track consumers’ housing-related attitudes, intentions and perceptions, fell 2.3 points in July to 74.2. Year over year

With 20% market share, independent mortgage brokers are competing directly with retail lenders

Date: 7 Aug 2020 / Posted By: admin

With 20% market share, independent mortgage brokers are competing directly with retail lenders In today’s low-rate environment, wholesale mortgage lending continues to grow, making up more than 20% market share. Three independent wholesale brokers discuss how they found success in the wholesale c

Intercontinental Exchange to acquire Ellie Mae from Thoma Bravo for $11 billion

Date: 6 Aug 2020 / Posted By: admin

Intercontinental Exchange to acquire Ellie Mae from Thoma Bravo for billion Ellie Mae announced Thursday it entered a definitive agreement to be acquired by Intercontinental Exchange for approximately $11 billion. The move comes 15 months after Thoma Bravo, a private equity investment firm, announ

Despite pandemic, Zillow Group reported increase in revenue

Date: 6 Aug 2020 / Posted By: admin

Despite pandemic, Zillow Group reported increase in revenue After an unpredictable spring, Zillow Group said it has beat its outlook in the second quarter. The group’s total consolidated revenue grew 28% year over year in Q2, to $768 million, with a total net loss of $84 million. “Zil

Rocket Companies’ public debut underwhelms but execs insist they are ‘in it for the long haul’

Date: 6 Aug 2020 / Posted By: admin

Rocket Companies’ public debut underwhelms but execs insist they are ‘in it for the long haul’ Rocket Companies, parent company of Quicken Loans, underwhelmed in its public debut on Thursday. But executives remain optimistic with an eye toward the future, according to a HousingWire intervi

CEO of UWM hit with emergency order after more than 50 workers get COVID-19

Date: 6 Aug 2020 / Posted By: admin

CEO of UWM hit with emergency order after more than 50 workers get COVID-19 The Oakland County Health Division in Michigan sent an emergency order to Mat Ishbia, CEO of United Wholesale Mortgage and United Shore Financial Services, saying employees weren’t wearing masks at work, contributing