Mortgage delinquency, foreclosure activity point to rising homeowner distress

Sky-high home prices and elevated mortgage rates are putting increasing strain on homeowners. That’s the takeaway from two reports released this week showing that foreclosure activity and mortgage delinquencies are rising. According to the Mortgage Bankers Association (MBA), the second-quarter 2024

UBS sells mortgage servicer to Sixth Street-led investor group

Swiss bank UBS Group AG has decided to sell Credit Suisse’s mortgage servicing company, Select Portfolio Servicing (SPS), to a group of investors led by Sixth Street, HousingWire has learned. Investment firm Davidson Kempner Capital Management is a co-investor. Representatives at Credit Suisse, Davi

Real Brokerage pulls out the stops to prep for new commission rules

The new rules mandated by the National Association of Realtors‘ (NAR) settlement of class-action lawsuits related to buyer agent commissions take effect in just two days, and brokerages and MLSs are scrambling to find the best ways to implement them. The Real Brokerage is going all out to prepare it

What Credit Score Do You Really Need To Buy a House?

When you're thinking about buying a home, your credit score is one of the biggest pieces of the puzzle.