With the future of Fannie Mae in flux due to President Trump’s stated desire to potentially privatize it, CEO Priscilla Almodovar stepped down as the head of the mortgage giant on Oct. 22, with Peter Akwaboah, Fannie Mae’s current COO, appointed to the additional role of acting CEO of Fannie Mae, according to William J.…
Affordability continues to be at the forefront of everyone’s mind, as the U.S. housing market steadies but remains more expensive compared to pre-pandemic conditions. As the 30-year fixed-rate mortgage (FRM) has fallen from recent highs—clocking in around the low-6% range—potentially making homeownership more affordable, U.S. cities are also some of the most renter-friendly worldwide. A…
Prior to the summer of 2024, home sellers were typically responsible for paying the commission for both their own agent and the buyer’s agent, and both sides of the transaction usually involved a traditional full-service agent. Agent commissions also remained (somewhat) consistent, generally hovering around 5% – 6% of a home’s sales price. Following the…
In the latest RISMedia webinar—“Growth Through Acquisitions: Strategies to Scale Smarter, Faster”—Founder and CEO John Featherston led an engaging discussion with panelists Anthony Lamacchia, broker/owner and CEO of Lamacchia Realty and Lamacchia Companies, including Lamacchia Property Management, Lamacchia Property Development and Crush It in Real Estate, and Parker Pemberton, CEO of PembertonRE, on how mergers…
The dry spell for mortgage applications is showing signs of recovery as consecutive weeks of decreasing activity slows significantly. The Mortgage Bankers Association (MBA) reports that the market composite index—the measure of mortgage loan activity volume—decreased 0.3% on a seasonally adjusted basis for the week ending Oct. 17. For the week prior to this, the…
Real estate agents spend hours planning social posts—Instagram carousels, TikToks, Reels, etc.—but sometimes overlook one of the simplest ways to build visibility online: commenting. Intentional, authentic engagement in the comment section can do more for your reach and reputation than yet another meticulously planned post or yet another Canva graphic. Here’s why it matters, and…
In a statement released this morning, the National Association of Realtors® (NAR) appeared to defer on the question of whether Zillow’s new ChatGPT app complies with MLS policies regarding use and display of data, as real estate continues to grapple with big questions around AI technology. “For enforcement, each MLS is individually responsible for conducting…
If you are smart enough to rely on experts to guide you through a process, then that means you are also smart enough to know when some so-called “experts” are faking it. Unfortunately, sometimes that wisdom doesn’t come until it’s too late. When you see smart people with money choose to do something, you assume…
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Housing professionals should expect modest growth in mortgage and home-buying activity and tempered optimism for 2026, according to projections released Sunday at the Mortgage Bankers Association’s (MBA) annual conference in Las Vegas. The trade group is calling for loan origination volume to reach $2.2 trillion in 2026, up 10% over 2025’s anticipated $2 trillion. The…
One of the men at the center of sexual assault allegations that purportedly took place at eXp recruiting events is now alleging the company officially separated him not for the misconduct, but for unpaid dues. The company faces a high-stakes jury trial over the allegations next year. At an occasionally contentious hearing on Oct. 17,…
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