2025

Cummins Advisors makes the move to Baird & Warner

After 16 years with @properties, Peter Cummins has decided to move himself and his team Cummins Advisors to Baird & Warner. Cummins, who was affiliated with @properties in Winnetka, Illinois on Chicago’s North Shore, announced the move on Monday.  In addition to leading his team at @properties, Cummins also previously served as Village Manager of Glencoe and Lake Bluff and as the Assistant City...

Banks earned $1 trillion windfall during Fed’s high-rate period

U.S. banks earned an estimated $1 trillion in excess interest revenue during the Federal Reserve’s two-and-a-half-year period of elevated interest rates, an analysis of official data by the Financial Times shows. Lenders reportedly benefited from higher yields on deposits held at the Fed while paying relatively low rates to many savers — boosting profit margins across the country’s more than 4,000...

MLS PIN, Nosalek settlement finally gains final approval

Over two years after the agreement was first announced, the settlement between MLS Property Information Network and the Nosalek commission lawsuit plaintiffs has received final approval. Judge Patti B. Saris, who has overseen the entire approval process for the settlement, granted final approval to the settlement after a hearing on Monday.  Judge Saris of U.S. District Court in Boston granted...

Who keeps the borrower? A deep dive into servicer retention

Recent mergers and acquisitions (M&A), regulatory changes and shifting market conditions have mortgage industry experts questioning whether servicers are better positioned than other competitors to capture the next wave of refinances. Data from ICE Mortgage Technology shared with HousingWire offers a deep dive into servicers’ performance at keeping a borrower in their books after a refinance...

Rare two-story penthouse in Downtown Miami has Jacuzzi rooftop terrace

A rare two-story penthouse at Epic Residences has just landed on the market for $5.75 million, giving buyers the chance to own one of the largest and most impressive homes in the building. Set high above Downtown Miami, the residence combines more than 4,300 square feet of interior space with an additional 2,000 square feet of private outdoor terraces. The result: sweeping views of Biscayne Bay, the...

Luxury buyers want more than cold plunges and golf simulators — off-site perks are the new must-have

Resort-style pools and in-building golf simulators no longer cut it for the wealthiest condo buyers. At the very top of the market, high-net-worth buyers — many of them shopping for second or even third homes — are raising the bar for what they expect from their luxury residences. The latest must-have? Exclusive perks that extend well beyond the building’s walls. From private beach clubs to...

U.S. Homebuyer Affordability Improves for Fourth Straight Month

Mortgage Payments Ease in August say the MBA Homebuyer affordability strengthened in August for the fourth consecutive month, as easing mortgage rates and rising incomes helped reduce monthly housing costs, according to new data from the Mortgage Bankers Association (MBA). The trade group's Purchase Applications Payment Index (PAPI) fell 1.2% to 157.5 in August from 159.4 in July, reflecting improved...

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