FHFA clears Rocket’s $9.4B acquisition of Mr. Cooper, with safeguards

The Federal Housing Finance Agency (FHFA) said Tuesday it has allowed Fannie Mae and Freddie Mac to approve Rocket Companies’ planned acquisition of Mr. Cooper Group, noting the combined company should not exceed a 20% counterparty risk limit set for the government-sponsored enterprises (GSEs). Detroit-based Rocket announced in March that it would acquire Mr. Cooper — the nation’s largest...

Clear Capital partnership introduces automated property condition reports

Real estate analytics and valuation firm Clear Capital has formed a partnership with CAPE Analytics, offering a new automated property condition tool for home equity lenders. The collaboration introduces an Automated Property Condition Report (aPCR) and an inspection cascade designed to speed up loan processing and ensure compliance with investor requirements. The aPCR uses high-resolution...

Howard Hanna enters Georgia with latest acquisition

Howard Hanna Real Estate Services is continuing its growth efforts. On Tuesday, the firm announced its acquisition of Coastal Properties, which serves clients in the Lowcountry regions of South Carolina and Georgia. The financial terms of the deal were not disclosed.  Howard Hanna said the acquisition accelerates its growth in the Southeast and marks the family-owned firm’s entrance into Georgia....

HOME launches bilingual learning system and AI-powered wholesale search tool

The Hispanic Organization of Mortgage Experts (HOME) on Tuesday announced the launch of what it claims to be the mortgage industry’s first bilingual learning management system (LMS), HOME Certified, powered by Twiz.io. The organization also introduced Wholesale Search, an AI-powered tool built on ChatGPT that takes mere seconds to match borrowers with lenders who offer the products they need. HOME...

LISC appoints Valerie White to lead national housing strategy

The Local Initiatives Support Corp. (LISC) has appointed Valerie White to lead its national housing team — expanding her role beyond her current position as senior executive director of LISC New York. White will oversee the organization’s national housing investments — which total $30.4 billion to date — with a focus on expanding access to affordable housing in communities facing financial and...

Landmark Santa Cruz beach house with Apple ties lists for $15.9M

A Santa Cruz waterfront landmark once known as the Pink House is officially on the market, asking $15,995,000. Perched above 500 feet of beachfront on East Cliff Drive, the property has long been a fixture for locals and sailors alike. Generations knew the former vibrant pink exterior as a nautical marker guiding boats toward the Santa Cruz Harbor. Today, after a full remodel, the home has been...

10 Enduring Pieces of Decorating Advice (13 photos)

As we work — and spend — to make the places we live in beautiful and functional, we sometimes make decor mistakes we come to regret. Unhappy choices nearly always stem from poor planning, rushed decisions, self-doubt or bad advice. Here I’ll show you how to take sound and sensible steps to create...

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