Rachel Luna to speak at HW Annual Oct. 4

Technology and title have been closely intertwined as of late, as the title space looks at ways to not only integrate adoption but also look at where technology is actually beneficial in the process. Helping share her thoughts on this topic, we’re excited to have Rachel Luna, the “Title Queen”

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Why the Fed’s housing reset risks a global recession

When Federal Reserve Chairman Jerome Powell talked about a housing reset in June, it sent shockwaves around the country because it sounded so ominous. In the most recent FOMC meeting, held last week, Powell finally clarified what he meant by that term and what a housing reset means to the

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Mortgage delinquency rate nears historic low

The overall mortgage delinquency rate declined to 2.79% in August from 3.6% in July, according to a report by Black Knight. The delinquency rate is just 4 basis points above the historic low of 2.75% in May 2022. August saw 20,300 foreclosure starts, a 15% rise from July, but remained

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Wells Fargo discloses another layoff in Iowa

Amid a decline in mortgage business, Wells Fargo last week notified Iowa state authorities of its plans to lay off 36 employees. The workforce reduction came from its Des Moines, Clive, Ankeny and West Des Moines offices, according to a WARN notice filed in the Iowa Workforce Development. The Des

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Federal judge rules in favor of FHFA on net worth sweeps

The Federal Housing Finance Agency (FHFA), which oversees Fannie Mae and Freddie Mac, has been granted summary judgment on the last remaining claim by investors in a lawsuit alleging the government overstepped its authority when it adjusted its stock-purchase agreements with the agencies and allowed net worth sweeps. The plaintiffs, Fairholme Funds Inc., et al.,

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The Real Brokerage to acquire LemonBrew Lending

Publicly traded real estate firm The Real Brokerage has struck an agreement to acquire the mortgage brokerage arm of real estate and mortgage technology company LemonBrew. The Real Brokerage, headquartered in Ontario, Canada, will pay $1.25 million to acquire the tech-enabled home loan platform, which does business in 20 U.S.

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