It isn’t news that ICE Mortgage Technology had planned to shut down some of its older tech systems — mainly the Encompass SDK — by Oct. 31, 2025. Users were supposed to switch to newer, API-based technology called Encompass Partner Connect (EPC) by that deadline. Now, the Halloween deadline has been

Independent mortgage banks (IMBs) delivered a pretax net production profit of $950 per loan in the second quarter of 2025, rebounding from a $28 loss in the prior quarter. The improvement was fueled by seasonality, cost reductions and higher average loan balances. The data, released on Tuesday, come

Asking dollar volume for signed contracts in Palm Beach County surged last week, rallying to a late summer high.  Buyers signed 18 contracts between Aug. 11 and Aug. 17 for luxury properties in Palm Beach County, according to a market report from Douglas Elliman’s Eklund-Gomes team. The homes that w

Tourists are pivoting away from Europe's traditional summer hotspots amid concerns over blistering heat and raging wildfires.

Consumer demand for reverse mortgage products is expected to rise as the population ages more quickly. According to estimates from Business Research Insights, the global market is currently valued at $2 billion and could reach $3.2 billion by 2033. More business is likely to push reverse mortgage co

A private school planned for Wellington’s K-Park and backed by billionaire Related Ross Chairman Steve Ross is set to open to students in 2028. Wingrove Academy will be operated by West Palm Beach-based ElevatED and will enroll PreK through eighth grade beginning in August 2028, South Florida Busine

Inside Real Estate has released HomeSearch AI — a new search and client engagement platform designed to let users input natural language to find listings and help real estate professionals reengage dormant leads. The platform incorporates technology from ListAssist — a company Inside Real Estate acq

RE/MAX Holdings has appointed Vic Lombardo as its president of mortgage services. Lombardo will succeed Ward Morrison to oversee mortgage brokerage franchise brand Motto Mortgage and third-party processing solution wemlo, the company announced on Monday. Lombardo brings more than two decades of expe

The California Department of Financial Protection and Innovation (DFPI) confirmed on Monday that it has reached a $2.3 million settlement with former mortgage lender and servicer Caliber Home Loans Inc. California regulators found that in 2016, Caliber overcharged borrowers per diem interest and lat

New York-based Greystone Real Estate Capital has closed its first affordable housing fund, raising $103 million to finance nearly 1,000 rental units across six states. The fund — called Greystone Affordable Housing Fund I LP — will support a total of 11 developments in Louisiana, Massachusetts, Miss

As the real estate industry prepared for the business practice changes outlined in the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement, one of the biggest questions was how the changes would impact veteran homebuyers wishing to use their loan benefit from t

Ex-Advanta CEO Dennis Alter sold his oceanfront Hillsboro Beach mansion for $27.1 million, The Real Deal has learned. Alter sold the home at 1111 Hillsboro Mile in Hillsboro Beach to an out-of-state buyer, listing agent Gerry Liguori confirmed. He declined to comment on the buyer’s identity. The dee

WFG National Title Insurance Co. has introduced Agent 3.0, which will offer users expanded options for artificial intelligence (AI) and automation. The program follows rollout of Agent 2.0 earlier this year, which emphasized personalized support and growth tools for title agents. Leaders said Agent

AvalonBay Communities bought a 270-unit apartment complex in Coconut Creek for $98.3 million, marking an uptick in South Florida multifamily investment sales.  Arlington, Virginia-based AvalonBay bought the property at 5401 Wiles Road from an entity tied to Wellington-based Bainbridge Companies and

“One voice” or no voice at all? As of August 2025, the U.S. Department of Housing and Urban Development (HUD) is officially enforcing an English-only policy across its operations. Under direction from the Trump administration’s executive order that declared English the “official language” of the Uni

Businessman and investment icon Warren Buffett is making waves in the housing industry. Documents filed last week with the Securities and Exchange Commission (SEC) revealed that Buffett’s Berkshire Hathaway has made major investments in homebuilders Lennar and D.R. Horton.  According to the filing,

The summer slowdown hit especially hard last week for luxury residential properties across Miami-Dade County.  Buyers signed nine contracts between Aug. 11 and Aug. 17, according to the latest Eklund-Gomes report, which tracks listings of homes and condos asking $4 million and up in Miami-Dade that

The Mortgage Bankers Association (MBA)’s Builder Application Survey data for July 2025, released on Monday, shows that mortgage applications for new-home purchases increased 6.8% compared from a year ago. Compared to June 2025, applications increased by 7%. This change does not include any adjustmen

Ultra Club Midtown | Miami A 2-acre padel club will open at a planned $2 billion mixed-use development at Midtown Miami, reportedly marking the largest padel venue in the U.S.  Ultra Padel will open the Ultra Club Midtown pop-up venue with 11 outdoor courts, three children’s courts, a food and bever

In the latest roundup of South Florida real estate hiring news, firms tapped new leaders and brokers made moves.  Miami Beach-based United Capital tapped Adam Lipkin as managing director of capital markets, according to a press release. In his new role, Lipkin will oversee capital solutions for Unit