Legal fight between Longbridge and Mutual of Omaha continues
Court documents reveal the lenders met before a magistrate judge earlier this week, but that a settlement was not reached.
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Justin Ishbia strikes deal to buy Chicago White Sox
Private equity billionaire Justin Ishbia, the brother of United Wholesale Mortgage CEO Mat Ishbia, has reached an agreement to acquire the Chicago White Sox from longtime owner Jerry Reinsdorf, Sportico reported on Thursday.
How can senior living challenge aging in place preferences?
One retired senior care executive described the challenges of competing with aging in place during a recent virtual forum.
Goby Homes launches property transaction platform, founder honored by NAR
The platform was developed to reduce transaction failures and cybersecurity risks that continue to plague the real estate industry.
Top-producing California agent joins eXp Realty
Costanza Genoese Zerbi closed $91 million in volume during a peak year and finished 2024 with $65 million across 65 transactions.
Home-price growth at decade low, Florida markets lead declines
Notably, Florida — once a hotbed of rapid appreciation — led the nation in price declines. The state posted a -0.8% year-over-year drop
White House expects reverse mortgages to continue producing government receipts
The White House expects continued performance from the HECM portion of the MMI Fund, according to a recent budget document.
Prudent AI debuts non-QM underwriting tool
The tool applies investor-specific guidelines during initial evaluations, offering lenders and brokers an earlier look at a loan’s viability.
Two maps that show where the housing market is struggling
Grades on market conditions for both the resale and new-home markets show that sentiment among agents and builders is souring.
HUD walks back prior default guidance as too ‘burdensome’ for mortgage servicers
A new mortgagee letter said that some of the Biden administration’s final servicing guidance was too “burdensome,” resulting in changes.