Social Security benefits are often a key for older Americans as they seek to determine how much money they will be able to live on in retirement. But the program has been a source of stress in the federal government for years, exacerbated by the unwillingness of lawmakers to make any major changes to the […]
Social Security sees ‘dramatic’ spike of 276,000 applications Read More »
Lone Wolf Technologies is reportedly discontinuing LionDesk, the customer relationship management (CRM) platform it acquired in 2021. LionDesk will remain operational through September, giving users time to migrate their data and transition to Lone Wolf’s new CRM known as Relationships. Customers will be able to transfer their contacts and are being offered accounts with full
Lone Wolf’s LionDesk CRM platform to be discontinued Read More »
The Consumer Financial Protection Bureau (CFPB), under the leadership of acting director Russell Vought, is continuing to assess regulations it deems outdated or unnecessary. To that end, the bureau published a notice in the Federal Register this week that seeks to rescind a 2021 rule which “temporarily permitted mortgage servicers to offer certain loan modifications
CFPB seeks rescission of pandemic-era mortgage servicing rule Read More »
Anywhere Integrated Services (AIS), a division of Anywhere Real Estate, has selected artificial intelligence company Vectara to streamline its title creation process and centralize document retrieval systems. AIS — which supports brands including Century 21, ERA Real Estate and Sotheby’s International Realty — plans to use Vectara’s platform to address inefficiencies in title searches and
Anywhere Real Estate taps Vectara to overhaul title workflows Read More »
Buyer representation agreements have no impact on real estate agent commissions, according to a report published this week by researchers at the Federal Reserve. The report examined commission rates advertised to buyers’ agents through data from CoreLogic (which recently rebranded as Cotality). This includes the CoreLogic House Price Index and CoreLogic Market Trend reports, which
Buyer rep agreements don’t change commission rates: Fed study Read More »
The Mortgage Bankers Association (MBA) announced on Friday afternoon that Kaitlin Hildner has joined the association, taking on the role of Associate Vice President of Loan Administration Policy. In her role, Hildner will help lead the development and implementation of MBA’s strategy on legislative, regulatory and other industry issues related to loan administration and mortgage
MBA brings on Kaitlin Hildner in policy role Read More »
Following a dramatic turn of events at the Federal Emergency Management Agency (FEMA) last week, the newly-installed acting leader acknowledged that the agency does not have a disaster response plan even though hurricane season is jus two weeks away. Former acting FEMA chief Cameron Hamilton initially raised eyebrows when he was chosen to lead the
FEMA isn’t prepared for hurricane season, acting director concedes Read More »
The federal judge overseeing the case brought by reverse mortgage lender Longbridge Financial against market leader Mutual of Omaha Mortgage over allegedly deceptive advertising practices has ruled that some of Longbridge’s claims warrant limited injunctive relief, finding that “the law and facts clearly favor some of Longbridge’s claims.” The order was handed down Tuesday by
Longbridge wins partial preliminary injunction against Mutual of Omaha Read More »
Opendoor looked like it had the potential to disrupt the entire residential real estate industry when it launched in 2014, but today it and competitor Offerpad are almost afterthoughts. The so-called iBuyers have yet to find a way to consistently turn a profit, and their presence in the industry has slowly shrunk. With macroeconomic headwinds
What do you call an iBuyer that isn’t iBuying houses? Read More »
United Wholesale Mortgage (UWM) is rolling out new artificial intelligence (AI)-powered tools designed to help brokers analyze competitors’ loan estimates and assist borrowers online. The tools aim to improve retention as refinancing activity is expected to rise. The company announced the launches during its UWM Live! event on Thursday in Pontiac, Michigan, amid intensifying competition
UWM rolls out AI tools to analyze rivals’ offers, virtually assist borrowers Read More »