Chimera boosts non-QM presence with HomeXpress acquisition

The New York City-based REIT will pay $120 million in cash for national non-Qualified Mortgage lender HomeXpress Mortgage Corp., plus 2.08 million shares in Chimera valued at $27.9 million. Continue reading

Senate confirms HUD deputy secretary in 51-43 vote

The Senate confirmed Department of Housing and Urban Development Chief of Staff Andrew Hughes as the department’s deputy secretary. Hughes also worked under former Secretary Ben Carson. Continue reading

How to automate 60% of workflow without sacrificing service

AI will never replace the power of real connection, indie broker Amy Stockberger writes. But it can clear the clutter, remove the repetition, and give you back the time and energy to focus on what actually builds legacy. Continue reading

StreetEasy listings fell this week. The portal says FARE isn’t the issue

The Zillow-owned portal appeared to shed listings Wednesday after the Fairness in Apartment Rental Expenses Act became law, but a spokesperson insisted daily fluctuations are common. Continue reading

7 metros where you can snag a luxury home for less than $1M

Purchasing a luxury home often comes with a hefty price tag, but in some U.S. metros, high-end living can still be surprisingly affordable. Continue reading

Teams Spotlight: Angela Mayfield, Team Mayfield at BHGRE Central

Find out how this West Virginia team leader creates exceptional outcomes for her team and the clients they serve. Continue reading

UWM brings back 1% down conventional mortgage program

Nation’s largest lender reboots 1 percent down loans that cover up to $7,000 of the homebuyer’s down payment when financing a purchase backed by Fannie Mae or Freddie Mac. Continue reading

WeWork is profitable again after working through its bankruptcy

The coworking behemoth says it is on a path to profitability after spending a year negotiating with landlords to eliminate $4 billion in debt and begin to turn a profit, according to a new report on Tuesday. Continue reading

NYC broker fee bill goes into effect despite REBNY lawsuit

New York City’s broker fee bill went into effect on Wednesday, prohibiting property owners from passing broker fees onto renters. REBNY attempted to block the bill’s enforcement but failed. Continue reading

3rd indictment adds new charge against Alexander brothers

The new allegation of aggravated sexual abuse by force, threat or intoxicant against Oren and Alon brings the total number of counts against the brothers collectively up to 10. Continue reading