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Exclusive: NFM Lending grows footprint with Homespire Mortgage acquisition
Two Maryland-based retail mortgage lenders struck an M&A deal this week as NFM Lending has agreed to acquire Homespire Mortgage.
Real, former CFO settle wrongful termination lawsuit
Michelle Ressler and The Real Brokerage have reached a settlement agreement in her wrongful termination lawsuit filed this summer.
NEXA Lending promotes Rana Mortensen to chief administrative officer
NEXA Lending announced another change to its C-suite on Tuesday, promoting Rana Mortensen to chief administrative officer.
Knock debuts new buy-before-you-sell bridge loan
The new financing offering provides consumers with the same benefits of its original bridge loan while supporting more loan programs
Habib’s proposal to FHFA would bring LLPA relief for second homes, cash-out refis
Barry Habib’s plan, sent to FHFA Director Bill Pulte, focuses on non-owner-occupied second homes and cash-out refinances.
House bill calls for HOME housing program reforms
It aims to expand affordable housing supply by providing states and local governments with greater flexibility to fund housing development.
Broker wants NAR membership lawsuit dismissal overturned
Broker-plaintiff Luz de Amor Eytalis asks the appeals court to reverse the lower court’s dismissal and remand her suit.
Columbus Realtors, Rayse partner to highlight agent value
The collaboration gives the association’s 9,000-plus members complimentary access to Rayse through their member portal.
Title insurance industry innovates to protect consumers from fraud
With real estate fraud becoming more sophisticated, the title insurance industry has taken a transformative step to protect consumers and redefine what it means to protect a home in today’s environment. This month, the American Land Title Association (ALTA) will introduce two new policy endorsements that offer forward-looking coverages that directly guard against seller impersonation fraud, a dangerous and rapidly growing risk in real estate.
WFG National Title added to Fannie Mae’s multifamily approval list
WFG provides escrow services and funding functions on behalf of its agents, a capability now required for Fannie Mae multifamily closings.
Alanna.ai wants to help title agents with the new FinCEN rules
The AI firm launched enhancements to its Smart Forms designed to take some of the hassle out of the new reporting requirements
No undue risk! Freddie Mac’s Sonu Mittal on new buyback remedy, appraisal waiver extensions
When asked whether loan buybacks were a more significant issue last year than now, Mittal says emphatically, “It depends on who you ask.”
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.
Appraisal Institute CEO fired following ‘secret’ board meeting
Cindy Chance, the CEO of the Appraisal Institute, was terminated on Thursday night during what she described as a “secret board meeting” that she was excluded from.
