Mortgage brokers say loanDepot is knocking at their door again
Brokers told HousingWire that representatives at loanDepot are reaching out to them with wholesale channel partnership offers.
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Michigan cities, lawmakers seek $800M for housing incentives
The program would provide up to $100,000 for new housing construction or up to $30,000 for repairs covering as much as 30% of costs.
Bonus Homes lands in Phoenix, unveils home equity release option
With $65.5M in seed funding, Bonus Homes plans to scale to 10,000 homes under management over the next decade.
NAR faces new antitrust suit over alleged steering
A Florida broker claims that NAR steers homebuyers to use a buyer’s agent by making it hard for them to directly contact the listing agent.
Ex-GSE risk chief makes case for Fannie-Freddie merger
Clifford Rossi, academic director of the Smith Enterprise Risk Consortium at the University of Maryland, pushes a merger as solution to avoid a race to the bottom.
First American launches monthly rent automated valuation model
The tool provides rental estimates, value ranges and confidence scores for use by real estate professionals and investors.
As reverse mortgage demand grows, lenders may need more personnel
More business could push reverse mortgage companies to grow their employee headcounts, but identifying high-quality workers won’t be easy.
Inside Real Estate puts forth AI-powered home search platform
Users can type requests such as “show me craftsman style homes in the Riverland neighborhood under $600k” or “I want granite countertops.”
RE/MAX turns to Vic Lombardo to scale Motto Mortgage, wemlo
Lombardo will succeed Ward Morrison to oversee mortgage brokerage franchise brand Motto Mortgage and third-party processing solution wemlo.
Caliber Home Loans fined $2.3M for overcharging California borrowers
Caliber will pay $1.8 million in penalties and has refunded more than $550,000 to impacted California consumers.