Industry Update: the Future of eClosing and RON

Join industry experts for an in-depth discussion on the future of eClosing and how hybrid and RON closings benefit lenders and borrowers.

DOJ v. NAR and the ethics of real estate commissions

Today’s HousingWire Daily features the first-ever episode of Houses in Motion. We discuss the Department of Justice’s recent move to withdraw from a settlement agreement with the NAR.

Hopes for generational investment in housing fade in DC

Despite a Democratic majority, the likelihood of a massive investment in housing via a $3.5 trillion social infrastructure package appears slim these days. HW+ Premium Content

How Biden’s Neighborhood Homes proposal impacts real estate investors

Dubbed the Neighborhood Homes Tax Credit, the proposal is part of the larger American Jobs Plan legislation — also known as Biden’s infrastructure plan. Here's a look into how it impacts real estate investors.


2020 HW Tech Trendsetter: Paul Akinmade

CMG Financial, Chief Strategy Officer

Paul Akinmade, Chief Strategy Officer, CMG Financial

Paul Akinmade joined CMG Financial in 2016 to lead the expansion of the company’s marketing department ahead of a major staffing initiative. Within four years, Akinmade and his team have built a robust, automated marketing platform, which is driven by investment in technology, to give retail loan officers a competitive edge. In the past year, Akinmade moved from chief marketing officer to chief strategy officer as he launched a new business intelligence department and assumed responsibility for the existing IT department to continue leading the organization’s digital transformation. In his role, Akinmade is intimately involved with many of CMG Financial’s technical and consumer initiatives with hands-on involvement in designing the experience, managing development, training, marketing and ensuring a successful deployment. During Akinmade’s tenure, CMG launched HomeFundIt, a digital down payment gifting platform, and enhanced the service with iterations like UpIt. HomeFundIt enables family and friends to give the prospective homebuyers gifts online. UpIt, the cash-back shopping feature, allows homebuyers to earn pledges toward their down payment savings account when they or anyone in their network shops online at affiliate stores. This year, UpIt surpassed 1,000 affiliate partners including big brands like Home Depot, Target and Walmart with contributions averaging 5% to 9% per purchase.

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The housing market is losing steam

Mortgage applications for new home purchases decreased 3% from May and 23.8% year over year, suggesting buyer fatigue in the housing market.

Jul 20, 2021 By
3d rendering of a row of luxury townhouses along a street

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