On Thursday, United Wholesale Mortgage (UWM) announced a limited-time pricing incentive of 86 basis points per loan and upgrades to Mia, the company’s AI-powered loan officer assistant. The announcements were made by UWM CEO Mat Ishbia at UWM LIVE!, the company’s annual event for mortgage brokers. The incentive, dubbed Refi ’86, pays homage to the…
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From Compass to The Real Brokerage to eXp World Holdings, consolidation in the real estate space has taken off over the past nine months. While there is much industry debate and speculation regarding firms’ motivations for these deals, there is no denying that these mergers and acquisitions have caused the acquiring firms to gain market…
For more than two decades, Chattanooga has used payment-in-lieu-of-taxes agreements to reshape its downtown. But the tax-break tool that once helped fill the Tennessee River city with market-rate apartments has been retooled for a different purpose: mixing affordable and market-rate units. City officials say seven of every 10 renters are either rent-burdened or severely rent-burdened….
“There are a lot of folks who woke up under new ownership,” eXp Realty CEO Pareja said, describing many brokerage leaders in the M&A moment.