Entries by JKents

Economic jitters are stressing out LOs and their clients

Jordan Bernbaum has been feeling anxious these last few weeks. “On the client end, they’re seeing the news and understanding the situation pretty well,” the NEXA Mortgage senior loan officer said. “On my end, it’s a stress-inducing emotional roller coaster of always worrying when I should be locking. I haven’t lost any deals from it […]

These states received top marks on their housing affordability report cards

A new report released Thursday by Realtor.com ranks every state on their performance for housing affordability and homebuilding. It exposes significant regional disparities amid a nationwide shortage of more than 4 million homes. The report evaluates each state using weighted criteria tied to affordability and construction activity. Affordability measures include a score based on the […]

Mortgage industry reacts to pending shutdown of VA servicing program

Following news earlier this month that the U.S. Department of Veterans Affairs (VA) is moving to end the Veteran Affairs Servicing Purchase (VASP) program, the agency this week published a circular to outline the timeline for its closure. It features additional information about the planned end to VASP, including maintaining the previously reported end date […]

Court dismisses majority of claims made in discrimination suit against NAR

Four of the five claims made by former National Association of Realtors (NAR) project manager Roshani Sheth in her June 2024 lawsuit have been dismissed.  Chicago-based U.S. District Court Judge Georgia N. Alexakis ruled on Tuesday that Sheth’s claims — including those of alleged retaliation under federal and state laws, discrimination, and tortious interference with […]

Renovated rural paradise sells with Moorabool River frontage

The home at 60 Cross St, Batesford, has found new owners six months after being listed for sale. A renovated house on a 7.7ha riverside lifestyle property at Batesford has found new owners in a circa-$3m sale. Geelong region buyers secured the five-bedroom house on the property overlooking the Moorabool River in a deal finalised […]

Celink parent adds former Ginnie Mae exec to its board of directors

Lansing, Michigan-based Peer Advisors, the parent company of reverse mortgage servicer Celink, announced on Thursday the appointment of Leslie Meaux Pordzik as an “independent representative” on the company’s board of directors. Pordzik most recently served as senior vice president for the Office of Issuer and Portfolio Management at Ginnie Mae. She retired from the government-owned […]