HomeServices of America names Chris Kelly CEO, replacing Blefari

Berkshire Hathaway’s HomeServices of America has a new CEO, promoting Executive Vice President Chris Kelly as former CEO Gino Blefari steps into a new role. Blefari, who has served as president and CEO of the company for more than five years, is stepping down from the role and transitioning into the position of chairman emeritus, effective immediately. Blefari will remain with the organization...

BofA, Citi warn of slower growth ahead as mortgage business softens

Bank of America (BofA) and Citi reported declining mortgage production in the first quarter of 2025 compared to the previous quarter, following similar results from peers Wells Fargo and JPMorgan Chase last week. Mortgage volumes at BofA and Citi, which were attributed to seasonal trends and rising interest rates, are expected to remain challenged in the coming quarters due to ongoing trade tensions and...

India Home Prices Nationwide Climbed 9 Percent Annually in 2024

According to data from PropEquity, a leading Indian real estate analytics firm, the weighted average asking price of residential properties across India's top nine cities increased by 9% in FY 2024-25, reaching Rs 13,197 per sq. ft., up from Rs 12,569 per sq. ft. in FY 2023-24. The nine cities tracked include Bengaluru, Chennai, Hyderabad, Kolkata, Delhi-NCR, Mumbai, Navi Mumbai, Thane, and Pune. Among...

House introduces bill to reduce mortgage insurance premiums

Trade groups like the Mortgage Bankers Association (MBA) may be getting at least some of the relief they’ve been advocating for when it comes to mortgage insurance premiums. Last week, H.R. 2760 — otherwise known as the Middle Class Mortgage Insurance Premium Act — was introduced into the House of Representatives by Rep. Vern Buchanan (R-Fla.). The bill has 10 co-sponsors, including three...

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