Richard Blumenthal, the senior U.S. senator from Connecticut, sent a letter last week to Acting U.S. Department of Housing and Urban Development (HUD) Secretary Adrianne Todman asking why what he describes as a “backlog” of housing discrimination complaints has yet to be addressed. The letter, first reported by local Connecticut
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Secure payment provider Payload is launching a new payment and billing tool specifically geared to buyer agents, according to an announcement on Thursday. In a release, Payload said it created the solution in response to the terms of the National Association of Realtors’ nationwide commission lawsuit settlement agreement, and the
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Compass’ presence in the Dallas-Fort Worth metro area just got stronger. On Thursday, the Robert Reffkin-helmed firm announced that Bridgette Harrington was departing Rogers Healy & Associates for Compass. At Rogers Healy, Harrington led the Bridgette Harrington Group, a real estate team she will be restarting at Compass, according to
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Unless you’ve sworn off all forms of media, news, and the internet (in which case, how are you reading this?), you know the real estate industry has had quite a roller coaster ride in 2024. Buyer representation has become one of the hottest and most debated topics of the year.
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Newrez, owned by asset manager Rithm Capital, has deployed a strategy of developing its technology in-house, resulting in the creation of a chatbot for its call center representatives. Other mortgage lenders, such as Guild (GuildGPT), Rocket Mortgage (Rocket Logic) and United Wholesale Mortgage (ChatUWM), also have similar platforms. To Newrez,
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The Federal Housing Administration (FHA) on Friday published Mortgagee Letter 2024-15, which extends a foreclosure moratorium on the Hawaiian island of Maui through Jan. 1, 2025, for FHA-insured forward mortgages and Home Equity Conversion Mortgages (HECMs). The moratorium, initially scheduled to expire on May 6 after a previous extension, was
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Chris Clow/RMD: Jim, you were a real estate agent and then a forward mortgage professional before jumping into the reverse arena. You spent just under 20 years in the business. Is it fair to say you’ve seen its highs and lows? Jim Cullen: Yeah, definitely. I made the switch into
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As the numbers of seniors carrying mortgage debt in retirement has increased, so too has the potential financial burden of a regular monthly mortgage payment. Increases in inflation and the cost of living can overwhelm those living on a fixed income, according to an article published this week in USA
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Virginia-based Atlantic Coast Mortgage announced this week that residential and wholesale banking software company CRMNow’s mortgage-oriented customer relationship management (CRM) product, Nextwave CRM, will be used by its loan originators across the 30 states it operates in. “Nextwave CRM was the clear choice to drive our customer-centric culture and CRM
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A plan announced last week by the White House includes a nationwide cap on rent increases. But another element of the proposal — the allocation of surplus federal land to be dedicated to affordable housing construction — may have been lost in the mix, especially following the Democratic shake-up in
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Home insurance premiums have risen by as much as $865 this year for homeowners who originally purchased their policies in 2021. In response, the mortgage industry and federal regulators are aiming to determine the best courses of action to mitigate the financial burdens on both homeowners and insurance carriers. This
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The largest brokerage in the nation based on transaction sides has strengthened its presence in Philadelphia. On Thursday, eXp Realty announced that the top-producing Matt Fetick Team was making the move from Keller Williams to eXp. The team is led by Fetick and David Maio Williams, who bring more than
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