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FHA extends deadline for updates on new loss-mitigation rules
The Federal Housing Administration (FHA) has extended the timeline for servicers to comply with the new loss mitigation waterfall, according to a mortgagee letter issued Wednesday.
De-risking the MLS: CEOs say consumer friendliness is the best line of defense
With lawsuits mounting, leaders urge MLSs to reassess policies, cut outdated rules, and keep consumer outcomes at the forefront.
Douglas Elliman launches private listing platform for sellers
The invitation-only system lets sellers test pricing and limit visibility to qualified buyers before moving a property to the broader market
Fannie Mae posts $3.3B profit, tops $100B net worth despite earnings dip
Despite a 9% quarterly decline and a 26% annual decline in net income, the company posted its 30th straight profitable quarter.
Mortgage applications fall to their lowest level since May
Purchase and refinance applications also fell, with MBA’s Joel Kan attributing the declines to job and economic uncertainty
Senate bill would add unconverted crypto to mortgage underwriting equation
The 21st Century Mortgage Act directs Fannie Mae and Freddie Mac to account for digital assets without requiring conversion to U.S. dollars.
Blackstone mourns loss of executive killed in New York City shooting
Wesley LePatner, a Blackstone executive, was killed in the July 28 mass shooting in New York City, the firm confirmed
LGBTQ+ Alliance regains control of financial accounts amid legal turmoil
Former CEO Ryan Weyandt, who faces criminal charges for allegedly possessing explicit content of minors, seized the accounts last month.
It’s a summer scorcher in the New England housing market
While markets in other parts of the country are shifting closer to a buyer’s market, the New England housing market remains great for sellers
