June 2024

This Garden-Inspired Hand Soap Collection Is So Summery—and Good for the Planet

Blueland and influencer and forager Alexis Nikole Nelson have teamed up to create the best-smelling scents of the season. Blueland If you're someone who decorates your home with the seasons, you know it's the details that really make a difference—and that includes your hand soaps. Instead of going with your basic lavender or lemon scents, eco-friendly home cleaning brand Blueland is here to...

Global Real Estate News Streaming Platform WPC TV Announced

Veteran media and property technology entrepreneur Michael Gerrity announced today that WPC TV, a new global real estate news streaming platform, is set to launch in Q4 of 2025. Upon launch, WPC TV aims to deliver true broadcast-caliber daily real estate news programming, featuring comprehensive market wrap-up reports for all categories of real estate across dozens of regions, worldwide. In addition, WPC...

Total U.S. Commercial Mortgage Debt Rises to $4.7 Trillion in Q1

Based on the Mortgage Bankers Association's latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report, the level of commercial and multifamily mortgage debt outstanding in the U.S. increased by $40.1 billion (0.9 percent) in the first quarter of 2024. Total commercial/multifamily mortgage debt outstanding rose to $4.70 trillion at the end of the first quarter. Multifamily mortgage debt alone...

Are housing permits showing recession risk?

On a recent HousingWire Daily podcast, I explored the question of whether construction labor was finally showing a recession risk. Today’s housing starts data has further solidified this trend, which we’ve been tracking for several months: construction labor is at risk, serving as a potent leading indicator for a potential recession. Let’s delve into how we arrived at this point. The impact...

Finance of America takes action in move to raise stock price

Finance of America (FOA), the leading U.S. reverse mortgage lender, has received shareholder approval upon recommendation of its board to perform a reverse stock split at a 10-to-1 ratio in a move designed to boost the company’s stock price. This is according to a company filing with the Securities and Exchange Commission (SEC) reviewed by HousingWire’s Reverse Mortgage Daily (RMD). A reverse stock...

Federal regulators approve final rule for AVM usage

On Thursday, two U.S. regulators — the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corp. (FDIC) — announced their approval of a final rule imposing quality control standards for automated valuation models (AVMs) used by mortgage originators and secondary market issuers. AVMs, which value residential real estate used as collateral to secure mortgages, are under...

Moratis commission lawsuit plaintiffs take aim at NAR settlement in latest filing

The plaintiffs in the Moratis commission lawsuit (formerly known as the Spring Way suit) took issue with the nationwide commission lawsuit settlement agreement reached by the National Association of Realtors (NAR). On Wednesday, West Penn MLS, a defendant in the Moratis suit, filed a motion to stay the case, noting that it has opted into the NAR settlement agreement. In the motion, West Penn MLS said...

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