Rising inventories have more homebuyers going to their lender

Purchase loan applications soared 10 percent last week to the highest level since April, even though rates have been stuck in the high sixes, the Mortgage Bankers Association reported Wednesday.

Jon Grauman and Adam Rosenfeld launch Resident Group at Side

The duo previously led the Grauman Rosenfeld Group at The Agency and have collectively closed more than $3 billion in career sales. The new firm will be focused on client service, they said.

NYC broker fee bill goes into effect despite REBNY lawsuit

New York City's broker fee bill went into effect on Wednesday, prohibiting property owners from passing broker fees onto renters. REBNY attempted to block the bill's enforcement but failed.

Fairway Independent Mortgage buys itself a new Midwest division

Fort Wayne, Indiana-based Hallmark Home Mortgage is licensed in 18 states. Company founder and CEO Deborah Sturges is joining Fairway as a division manager.