Portland tests PadSplit model to ease inventory, affordability crunch

The City of Portland, Oregon, has tapped PadSplit as a Qualified Home Sharing Provider for its new Home Sharing Pilot Program — marking the first time a municipality has formally partnered with the company and attached direct financial incentives to participation. Launched by the Portland Housing Bu

Florida’s Sandra Rathe Team joins The Real Brokerage

The Real Brokerage has brought on RealTrends Verified-ranked The Sandra Rathe Team, adding 20 agents and $135 million in annual sales volume across South Florida. Led by Sandra Rathe and founded in 2009, the team operates in Miami-Dade, Broward and Palm Beach counties. The group closed 220 sides in

HECM, HMBS activity falls sharply in February

Home Equity Conversion Mortgage (HECM) endorsements fell sharply in February, continuing a broader slowdown in the reverse mortgage industry. The total number of HECMs endorsed during the month dropped 20.7% to 1,821 loans. While February’s shorter calendar often results in fewer endorsements, the s

Mortgage rates jump after Iran strike rattles markets

Late last week, the U.S. housing market appeared to be on solid footing going into March, but a wrench was unexpectedly thrown into the works when the U.S. and Israel launched a military strike against Iran over the weekend. Mortgage News Daily reported Monday that 30-year fixed rates jumped 13 basi