Multichannel lender American Financial Resources (AFR) appointed Michael Brenning as its head of production and Brian Collins to the role of executive vice president of capital markets, the company announced Tuesday. Brenning will be responsible for driving loan volume growth and enhancing sales productivity. Most recently, he served as the
Hilary Saunders, the co-founder and chief broker officer at Side, sees the current challenges facing the real estate industry as yet another opportunity for brokerage models to further evolve. “I think what we are definitely going to see is a fall-off of the old way of doing things,” Saunders told
The Consumer Financial Protection Bureau (CFPB) on Wednesday released a new edition of its Supervisory Highlights publication, which includes the agency’s actions to combat what it calls “junk fees charged by mortgage servicers, as well as other illegal practices.” Examinations conducted by the bureau found mortgage servicers levied charges it
Judge Stephen R. Bough ruled Tuesday that the Umpa and Gibson commission lawsuits can consolidate. “The Court finds that consolidation is appropriate given that the instant case and Gibson, et al. v. National Association of Realtors, et al., involve common questions of law and fact, consolidation will conserve judicial resources
A.T. Almeida Realtor- Team Leader The American Dream Group Coldwell Banker Abhishek Shende Senior Principal Software Engineer Zillow Group Adi Pavlovic CEO Newzip Alnur Kassim-Lakha Director Mile Rock Capital Amy Macken Senior Vice President, Due Diligence Operations Consolidated Analytics Anaid Chacón Senior Vice President of Product Argyle Mortgage Arkadiusz Halaj
As any professional involved in it will know, bringing new people into the fold of the reverse mortgage business can be a difficult task. Reputational challenges, the narrow focus of the product and low mortgage market penetration are just a few of the reasons why. With the right ambassador, that
Seniors could choose to employ home equity through a reverse mortgage or other equity-tapping product to manage a series of expenses in retirement, but when it comes to managing their tax burden, it can get more complicated. Steve Resch, vice president of retirement strategies at industry-leading lender Finance of America
Mr. Cooper Group unveiled strong financial results during the first quarter of 2024, buoyed in part by a strong servicing and subservicing business. The firm reported $450 million in revenue and $181 million in net income during the first three months of the year. Additionally, its return on tangible common
Another brokerage has decided to settle the commission lawsuits. Chicago-based At World Properties, which own @properties and Christie’s International Real Estate, has agreed to settle the nationwide class-action antitrust claims brought by home sellers. According to the firm, the settlement agreement covers all company-owned brokerages including all those under the
Mortgage demand dipped last week as mortgage rates reached their highest levels since late 2023. Applications decreased by 2.7% on a seasonally adjusted basis during the week ending April 19, according to the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey. “Mortgage rates continued to move higher last week, reaching
Few cities have benefited as much from the recent trend of Americans increasingly moving south as Dallas. The Dallas-Fort Worth-Arlington metro area had the largest increase in population count between 2021 and 2022 of any metro area in the country, adding more than 170,000 people, according to the U.S. Census
The next year, 2017, home sales rose 11%, and Evergrande’s Hong Kong-listed shares surged 458%. To many Chinese people, real estate seems like a …
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