News

Lack of housing supply slows pending home sales in March

Numbers still indicate strong home-buying season
Pending home sales dipped slightly in March as low levels of housing inventory created a strain on the market. Low inventory levels are not only holding back home prices, but also creating more competition and increasing home prices. The National Association of Realtors forecasts the rate of home sales for 2017.
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Step one: Republicans begin fight for Dodd-Frank replacement

Financial CHOICE Act of 2017
The Republican-led Financial CHOICE Act started its long journey through Congress to try and replace the Dodd-Frank Wall Street Reform and Consumer Protection Act on Wednesday. House Financial Services Committee Chairman Jeb Hensarling, R-TX, formally introduced the Financial CHOICE Act and the Committee held its first hearing on the bill. Ready. Set. Go.
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Quicken Loans adds Casey Hurbis to lead marketing efforts

Will serve as chief marketing officer
It seems that can’t more than a few minutes without seeing an ad from Quicken Loans, as the company pushes its Rocket Mortgage more and more into the mainstream. Now the company will have a new person shepherding those ubiquitous marketing efforts, as Quicken Loans announced recently that Casey Hurbris is joining the online lender to serve as the company’s chief marketing officer.
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PRMI expands Florida footprint with new branch opening

Insurer set to open new Miami office
Primary Residential Mortgage Inc. expanded its territory in Florida with its newest branch opening in Miami. The new location is complete with a new team of mortgage insurance professionals, including its new branch manager who brings 31 years of experience with her.
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SEC, Delaware accuse mortgage loan officer of running Ponzi scheme

Matthew Krimm charged with dozens of counts of fraud
A Delaware mortgage loan officer ran a Ponzi scheme that bilked more than $1.69 million out of investors who thought they were investing in a “highly successful” mortgage business, the Securities and Exchange Commission and the Delaware Department of Justice claim in new legal filings.
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Mortgage experts agree: There is no housing bubble

Slow and steady wins the race
With or without President Donald Trump, the housing market must go on. So as the world continues to tune in to Trump, HousingWire took a break to zero in on what we know best: housing. Three experts joined HousingWire on a webinar on Wednesday to discuss what’s next for housing and the mortgage nation.
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