In a widely expected move, the Federal Reserve held its benchmark interest rate steady Wednesday at a target range of 3.5% to 3.75%, the same level it set in January. Since the central bank’s last meeting, political uncertainty and geopolitical tensions have increased. These include the U.S. military conflict with Iran, the U.S. Supreme Court…
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Compass International Holdings (CIH), the parent company of Compass, @properties, Christie’s International Real Estate and the six Anywhere Real Estate brands, has promoted Sue Yannaccone to chief operations officer, according to an announcement on Wednesday. Yannaccone’s promotion comes a little over two months after Compass closed its $1.6 billion acquisition of Anywhere. Yannaccone most recently…
Cleveland-based CrossCountry Mortgage (CCM) has struck a deal to acquire Summit Funding, broadening its geographic reach, the companies announced Wednesday. Financial terms of the transaction were not disclosed. “In 2025, we financed 1 in 35 homes sold nationwide, ranking as the No. 1 retail mortgage lender,” Ron Leonhardt, founder and CEO, told HousingWire. “This acquisition…
Mortgage applications decreased 10.9% from one week earlier, according to the Mortgage Bankers Association (MBA)’s weekly mortgage applications survey for the week ending March 13. On an unadjusted basis, the index decreased 10% compared with the previous week. “Mortgage rates continued to move higher, driven by increasing Treasury yields as the conflict in the Middle…