June 2025

Freddie Mac raises some reimbursement limits for some fees

Freddie Mac is instituting higher limits for amounts it will reimburse for attorney costs associated with uncontested distressed mortgage resolutions, including mediation, and certain bankruptcy services. Specific amounts include $650 for preparing and recording a loan released after a deed-in-lieu of foreclosure gets completed, according to a bulletin. The limit for a premediation conference is […]

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You May Have Enough Equity To Downsize and Buy Your Next House in Cash

You May Have Enough Equity To Downsize and Buy Your Next House in Cash

AGENTS: Did you know you can share a personalized version of this post? Learn more! For Sellers, Infographics, Senior Market, Downsize, Equity Some Highlights Have you been holding off on downsizing? If so, you should know your equity could make your move possible. Homeowners today have so much equity that a record number are buying their

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This is how non-QM is critically helping achieve the American Dream

The non-QM space has long provided a valuable path for foreign nationals and global investors to purchase property in the United States. While these borrowers may follow a less traditional route, they play an essential role in the diversity and strength of the housing market. Even more importantly, non-QM serves international investors and domestic borrowers

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Judge blocks CFPB bid to undo Townstone redlining settlement

A federal judge on Thursday blocked an attempt by the Consumer Financial Protection Bureau (CFPB) to reverse a $105,000 settlement with Townstone Financial, a Chicago-based mortgage broker accused of discouraging Black applicants. U.S. District Judge Franklin Valderrama ruled that allowing the CFPB to unwind the deal, finalized last year, “would erode public confidence in the

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Judge sets trial timeline for Mutual of Omaha and Longbridge

An order signed by a magistrate judge in the U.S. District Court for the Southern District of California has established a forward timeline for the ongoing lawsuit between major reverse mortgage industry lenders Mutual of Omaha Mortgage and Longbridge Financial. A trial is scheduled to begin in November 2026, according to court documents viewed by

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Logan Finance launches new product suite for non-QM borrowers

Nonqualified mortgage (non-QM) lender Logan Finance Corp. has launched a new set of loan products designed to serve borrowers who fall outside traditional lending requirements. The “Open Road” product series includes seven mortgage offerings tailored to self-employed individuals, real estate investors and international homebuyers. Logan Finance says the suite is intended to close a growing

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Aging in place increasingly embraced by independent senior living companies

Senior living organizations are often seen by the public as opposing ideas related to aging in place, but one senior living executive says that the industry’s future may lie in facilitating this increasingly common goal. This is according to an interview with Tod Petty, chief marketing officer at Fynn, a senior living care management platform.

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Century 21 expands yet again — this time in Northern California

Century 21 Real Estate has announced a new affiliation with Kobetz Realty Inc., a full-service brokerage based in Ukiah, California. The move expands Century 21‘s presence in Mendocino County and the surrounding region. Founded in 2020 by broker/owner Benjamin Kobetz, the firm will now operate as Century 21 Kobetz Realty. Kobetz, a lifelong Mendocino County

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Federal Reserve watchdog investigates efforts to dismantle CFPB

As Trump administration officials press ahead with their efforts to dismantle and defund the Consumer Financial Protection Bureau (CFPB), the Federal Reserve Office of the Inspector General (OIG) is reportedly opening an investigation into moves to fire the vast majority of CFPB and attempted cancellations of associated federal contracts. According to reporting by CNBC, the

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EliseAI to integrate conversational AI into Zillow Rentals listings

EliseAI is finalizing a partnership with Zillow Rentals to embed its conversational artificial intelligence (AI) technology directly into multifamily rental listings on the Zillow platform. The integration is expected to launch in the third quarter of 2025. Branded as AI Assist, Powered by EliseAI, the new feature will incorporate the company’s LeasingAI technology, which offers

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