Home Equity Conversion Mortgage (HECM) volume took a hit in 2024 and the HECM-backed Securities (HMBS) issuance market also saw overall reductions in output for the year, giving further context to a challenging period for the reverse mortgage industry broadly. Once again, total issuance was down in 2024, and the top 10 issuers reshuffled slightly….
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Leading brokerage Compass announced some key leadership moves this week to bolster its operations in the Southeast, including Florida. The brokerage has hired industry veteran Nikol Solares as senior managing director of new development marketing. Adam Vellano was promoted to managing director of the South Florida market. And Erika Sheridan was promoted to senior director…
Does experience matter for first-year Realtors? If you dig a little deeper into the backgrounds of the agents on the Real Trends Verified list, you might think so. Most have blue-chip professional experience or personal connections with wealthy homeowners. Some have both. But Brandon Halperin had neither. He was a bartender who started his real…
Troubled rent-to-own startup Divvy Homes will be acquired by Maymont Homes, a division of Brookfield Properties that manages single-family rental homes. Divvy and Maymont have not released any formal statements to announce the acquisition. Fast Company reported the move last week, describing it as a “fire sale” based on multiple unnamed sources. Maymont Homes, headquartered…