HUD resumes inspections of public housing units amid COVID-19 pandemic

The Department of Housing and Urban Development said it was resuming in-person inspections of public housing units, though families concerned about the spread of COVID-19 can decline to have a HUD worker in their home. The so-called REAC inspections, which stands for Real Estate Assessment Center, are aimed at ensuring HUD properties like rental housing…

Ubitquity inks deal to build out blockchain platform for Rainier Title

This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. Stay tuned for updates. Ubitquity, developer of a blockchain-secured platform for real estate and title recordkeeping, has announced a new partnership with Rainier Title. As part of the partnership, Ubitquity will build out a platform for…

iBuyers: Did COVID-19 disrupt the disruptors?

Since the iBuying industry launched in 2014, billions of dollars have poured into companies created to disrupt the real estate industry and transform the way consumers buy and sell houses. These companies promise homeowners a hassle-free experience – one that’s simple, convenient and avoids the uncertainties often inherent in real estate transactions. Robyn A. FriedmanHW+…

CEO of UWM hit with emergency order after more than 50 workers get COVID-19

The Oakland County Health Division in Michigan sent an emergency order to Mat Ishbia, CEO of United Wholesale Mortgage and United Shore Financial Services, saying employees weren’t wearing masks at work, contributing to the spread of the coronavirus. The emergency order issued on Tuesday said over 50 confirmed cases of COVID-19 have been reported among…

Rocket Companies’ public debut underwhelms but execs insist they are ‘in it for the long haul’

Rocket Companies, parent company of Quicken Loans, underwhelmed in its public debut on Thursday. But executives remain optimistic with an eye toward the future, according to a HousingWire interview with COO Bob Walters. On Wednesday, we reported that Rocket Companies had drastically lowered its pricing and shares being offered in its initial public offering –…

Intercontinental Exchange to acquire Ellie Mae for $11 billion

Ellie Mae announced Thursday it entered a definitive agreement to be acquired by Intercontinental Exchange for approximately $11 billion. The move comes 15 months after Thoma Bravo, a private equity investment firm, announced it would acquire Ellie Mae in an all-cash transaction of $3.7 billion. “We are excited to be joining the Intercontinental Exchange family…

[PULSE] Competence leads to confidence – Confidence leads to consistency

Note: This is part four of a five-part series. Over the following weeks, Todd Duncan, sales entrepreneur and New York Times best-selling author, will showcase principles for mortgage and real estate professionals to embrace for success. Find more advice in his first, second and third pieces. It was a particularly difficult discussion. My youngest son, Matt, just…