Douglas Elliman fires brokerage CEO Scott Durkin
Durkin’s dismissal came just days after the firm announced the retirement of parent company CEO Howard Lorber. Michael Liebowitz, the firm’s board director, was named the new chairman and CEO....
The Loan Store partners with Gateless for AI-powered mortgage underwriting
The AI-based platform, a new addition to the Gateless AI mortgage tool suite, aims to enhance The Loan Store’s underwriting capabilities....
New objection to NAR settlement targets business practice changes, plaintiffs’ attorneys fees
University of Buffalo law professor Tanya Monestier claims in a 132-page objection that the settlement “is the worst of all possible worlds.”...
The unexpected strength of home prices this year
Given mortgage costs, weak homebuyer demand, and the year’s rising supply of unsold homes, home prices should have receded. They have not....
FHFA expands fee-based alternative to repurchase loans to all approved lenders
Through the pilot program, instead of repurchasing defective – but performing – loans within the first 36 months of origination, lenders pay a fee based on the defect rate of their performing loan deliveries to Freddie Mac....
FHLBank of New York expands credit access for underserved borrowers
FHLBNY will partner with 330 lenders across New York, New Jersey, Puerto Rico and the U.S. Virgin Islands to reach 3.1 million prospective borrowers through innovative credit solutions....
FHFA to allow alternative appraisal methods on purchases up to 97% LTV
“To be clear, the expanded eligibility of appraisal waivers does not constitute an expansion of a credit box," said FHFA deputy director Naa Awaa Tagoe....
Whether it’s Trump or Harris in office, MBA says it ‘knows how to stop bad ideas’
MBA CEO Bob Broeksmit said that a gridlocked Washington will make for less housing legislation, making regulations through the FHFA and CFPB even more of a priority....
Are you prepared to respond as borrower demand shifts?
In today’s rapidly changing market, what may be an opportunity one day could be gone the next; and we can expect this to continue until rates find their equilibrium. This is why it’s critical to have the tools and processes in place to nimbly react to...
eXp Realty partners with Sisu to bring data insights to agents
The partnership with Sisu, a real estate business intelligence platform, allows eXp agents the ability to set goals and monitor performance....