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IRS stipulation could have consequences for seniors in a declining stock market 

Required minimum distributions are taxed as income and “can be painful when retirees have to sell assets in a falling market.”

Opendoor will pay $39M to settle pricing algorithm lawsuit 

Investors sued Opendoor in 2022, claiming it misrepresented its pricing algorithm as one that could outpace traditional real estate firms.

Frank Martell moves on from loanDepot, takes CEO role at SmartRent 

Martell’s job change follows a March announcement from loanDepot that Anthony Hsieh would return to lead the company.

Lower founder says lender is still active in M&A searches 

After striking two M&A deals last year, digital multichannel lender Lower plans to acquire at least one other business in 2024

Reverse mortgages seen as a path forward for lenders 

Leaders at Guild Mortgage and Guaranteed Rate explained some of their approaches to the reverse mortgage business during The Gathering.

Kristen Sieffert leads the reverse mortgage presence at The Gathering 

FOA’s president spoke about bringing reverse mortgages into the mainstream at the event in Scottsdale, Arizona.

Rocket cautiously wades into iBuying 

Via its Homes platform, Rocket Companies plans to offer customers iBuying services. Here’s why the lender is partnering with third-party firms and what the upside is. HW+ Premium Content

NAR board green lights consumer transparency measures 

Amid fierce debate, NAR will likely require that agents representing homebuyers publicize their expected sales commission.

NAR says it’s doing what it can on housing discrimination 

At a cavernous convention center in San Diego, the National Association of Realtors held over 200 sessions for agents. A central theme was NAR’s reckoning with the legacy of racial bias. HW+ Premium Content

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Updated 11 months ago