Alan Ratner, Zelman & Associates managing director, joins CNBC’s ‘The Exchange’ to discuss outlooks on the housing market, why mortgage rates are creating an affordability pinch, and more.
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Despite reaching a settlement agreement with the home seller plaintiffs in the Hooper (formerly Phillips) commission lawsuit, eXp World Holdings’ legal woes are far from over. On Tuesday, Laura Criss, Don Gibson, John Meiners and Daniel Umpa, who are the proposed class representatives in the combined Gibson/Umpa suit, filed a motion to intervene and transfer…
Mr. Cooper Group’s Jay Bray, left, and Mike Weinbach say that mortgage origination income that exceeded expectations in Q3 2024 isn’t likely to be the norm in the near future. When mortgage rates declined in the third quarter of 2024, Mr. Cooper Group doubled its gains in the origination business. But executives don’t expect to…
The Mortgage Bankers Association (MBA) this week announced the hiring of veteran financial leader Astrid Vermeer as the trade group’s new senior vice president and chief financial officer. Vermeer brings more than 20 years of financial management experience to MBA’s leadership team. The organization spoke highly of Vermeer’s long track record of executive-level decision-making for…