A court has denied the Batton 1 plaintiffs’ last-minute attempt to block Thursday’s final approval hearing for the commission lawsuit settlement agreements from occurring. Earlier on Wednesday, the homebuyer plaintiffs in the Batton 1 commission lawsuit, filed in Chicago in January 2021, filed a motion for a temporary restraining order
Fannie Mae announced on Wednesday the availability of a new web-based option for its income calculator tool, which is designed to “help mortgage professionals serve the growing number of mortgage applicants in the U.S. who are self-employed and don’t have traditional sources of income,” according to the government-sponsored enterprise (GSE).
Nonbank lender Panorama Mortgage Group (PMG) launched a new program that allows first-time homebuyers to take out a loan with a 1% down payment, the company announced on Wednesday. The new offering, known as the 1st Generation Homebuyer program, also includes a 2% grant to reach the conventional down payment
U.S. Sen. Mike Braun (R-Ind.), who recently submitted a series of questions to Ginnie Mae about its management of the Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program following the collapse of Reverse Mortgage Funding (RMF), clinched the Republican nomination for governor of Indiana on Tuesday night, according to The
Home prices trended up in almost all U.S. metro areas during the first quarter of 2024. Out of 221 metro markets analyzed, 205 (93%) posted yearly home price gains in Q1 2024, while 30% experienced double-digit price gains during the same period — up from 15% in the fourth quarter of 2023
Housing credit channels directly impact housing inventory channels. What does that mean? Home prices escalated out of control after 2020 and when we look at why that happened, we can see that housing credit mattered more to inventory data than most people realize. Let’s see how this has played out
The Federal Home Loan Bank (FHLBank) of San Francisco, one of the 11 regionally based, wholesale suppliers of lendable funds to financial institutions, announced on Wednesday that it has appointed former Ginnie Mae President Alanna McCargo to serve as its new CEO effective June 10. McCargo was the first Senate-confirmed
The plaintiffs in the Batton 1 homebuyer commission lawsuit are making a last-minute effort to prevent the court from granting final approval to the commission lawsuit settlement agreements reached by Anywhere, Keller Williams and RE/MAX on Thursday. The Batton plaintiffs filed a motion for a temporary restraining order and preliminary
Because of an apparent error made by staff at ICE Mortgage Technology‘s Surefire customer relationship management (CRM) platform, more than 600,000 emails and texts were sent without permission to real estate agents, business partners and past clients of loan officers around the country. These messages, part of Surefire’s weekly “Markets
Mortgage demand ticked up last week as interest rates decreased following the news of a slowing job market. Applications increased by 2.6% on a seasonally adjusted basis during the week ending May 3, according to the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey. “Treasury rates and mortgage rates fell last week
Top-five U.S. mortgage lender Newrez, owned by asset manager Rithm Capital, is imposing a round of layoffs to its workforce following the acquisitions of Computershare Mortgage Services and its affiliate Specialized Loan Servicing (SLS). On May 2, Newrez sent Worker Adjustment and Retraining Notification Act (WARN) notices to state authorities in Florida and Colorado,
“One of the consequences of what the lawyers, the Department of Justice and the Biden Administration have done is they have screwed veterans, minorities and low-income Americans,” said James Dwiggins, the CEO of NextHome. “If a buyer cannot have the ability to finance representation in the loan because the seller
Meridian Listing Agent Kevin Harper Says Idaho Real Estate Market Stronger Than Many Expected
Lake & Town Realty Partners With Real Estate Portal Lakefront Living Realty LLC
Reseller Hosting Provider Launches White Label Webhosting Education Campaign For Freelancers
Ohio Investment Real Estate Broker Launches New Property Search Website
Zillow News Truth Delta: Opinion & Editorial