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Maryland

Exclusive: NFM Lending grows footprint with Homespire Mortgage acquisition

HWmember, Lenders, LendingLife, Maryland, Mergers and Acquisitions, Mortgage, Origination, Retail Lending /

Two Maryland-based retail mortgage lenders struck an M&A deal this week as NFM Lending has agreed to acquire Homespire Mortgage, the companies confirmed on Friday. The financial terms were not disclosed. With the acquisition, Linthicum-based NFM will expand its presence along the East Coast, while Homespire will gain access to new growth opportunities amid a […]

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Washington, D.C. housing market steady as sellers keep edge

Artificial Intelligence, Housing, Maryland, Real Estate, Virginia, Washington, D.C. /

HW Data shows the Washington, D.C. housing market remains stable heading into mid-October, with modest sales volume and steady pricing. The District recorded 99 single-family home sales last week, reflecting a slower but consistent pace compared with early-year activity. The Market Action Index stood at 35.2, indicating a mild seller’s market with demand slightly ahead

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loanDepot challenges class-action suit tied to LO comp rules, steering

HWmember, Lawsuit, Legal, LendingLife, Loan Officer, loanDepot, Maryland, Mortgage /

loanDepot has filed a motion to dismiss a class-action lawsuit in Maryland alleging violations of loan officer (LO) compensation rules and borrower steering, arguing the plaintiffs failed to show they suffered a “concrete injury.” The lawsuit, filed in July by five borrowers who obtained mortgages from 2019 to 2021, claims loanDepot engaged in a “sophisticated,

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Baltimore launches $6.2B housing redevelopment effort

Affordability, Baltimore, Bank of America, City of Baltimore, Homebuilders, Housing Market, HWmember, JPMorgan Chase, Maryland, PNC, Real Estate /

Baltimore is embarking on what civic leaders call ‘the nation’s most ambitious housing redevelopment program’ — a 15-year effort that aims to turn around more than 37,000 vacant or at-risk properties and influence market conditions for another 33,000 homes and lots. The strategy is supported by $1.2 billion in public funding commitments and is expected

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Compass adds top-producing agent couple in DC area

Brokerage, Compass, HWmember, Maryland, People Movers, Real Estate, Real Estate Agents, Virginia, Washington, D.C. /

Dave and Patricia Smith — a husband-and-wife real estate team with more than two decades of experience in the Washington, D.C., Maryland and Virginia region — have joined Compass. The pair has closed more than $500 million in career sales volume, averaging about $50 million annually. They have consistently ranked among the top 1% of

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Top-producing Banner Team joins Compass, expanding DC-area presence

Brokerage, Compass, HWmember, Luxury Real Estate, Maryland, Real Estate, Real Estate Agents, Virginia, Washington, D.C. /

The Banner Team — one of the highest-performing real estate groups in the Washington, D.C., metro area — has joined Compass. Led by principal agent Wendy Banner, the 13-agent team brings more than 100 years of combined experience and $2.03 billion in career sales to Compass. The group most recently held the top spot at

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Century 21 grows its presence in Baltimore

Baltimore, Brokerage, Century 21, HWmember, Maryland, Real Estate, Real Estate Agents /

Century 21 Real Estate has added a new affiliate in the Baltimore area. Advance Realty Bel Air is now operating as Century 21 Advance Realty. Founded in 2005 by Terry Berkeridge, the brokerage was acquired in 2020 by Patrick Campbell, who originally joined the company in 2009. Campbell, a longtime sales professional, now leads the

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Judge dismisses Maryland appraisal discrimination case and defamation countersuit

Appraisals, Appraisals and Valuations, Discrimination, HWmember, Lawsuit, Legal, loanDepot, Maryland, Mortgage /

A federal judge has dismissed the claims of both the plaintiffs and defendants in an appraisal discrimination lawsuit that garnered national attention when it was filed in 2022. Nathan Connolly and Shani Mott — Maryland homeowners who are Black — sued appraiser Shane Lanham, his company 20/20 Valuations and mortgage lender loanDepot for allegedly undervaluing

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Maryland-based Anchor Home joins Compass

Brokerage, Compass, HWmember, Luxury Real Estate, Maryland, Real Estate /

Compass announced Monday that Anchor Home — a top-producing real estate team formerly known as Stahley Thompson Homes — has joined the firm’s office in Annapolis, Maryland. Led by broker Jennifer Chino, the Anchor Home team also includes Whitney Jerdal, Angela Hays and Ashley Earle. Collectively, the group brings more than $400 million in career

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