After lobbying from the mortgage industry, the Internal Revenue Service has resumed verifying the incomes of mortgage applicants despite a government shutdown — and some critics question the fairness of reopening one division of the agency while continuing to furlough a majority of its employees. The IRS announced Monday in a letter that it was […]
One of the world’s largest and most powerful investment companies appears to be placing a large bet on technology-focused brokerage Redfin. A stock purchase from Vanguard Group showed up this week in a U.S. Securities and Exchange Commission filing, known as a 13-G, that is produced when an investor takes ownership of more than 5 […]
Scott R. Williams will take the reins from Ohio Realtors’ current CEO, Robert E. Fletcher who is retiring after nine years as CEO and a total of 28 years at the association. Williams will be Ohio Realtors’ seventh CEO since the association’s inception in 1910. Source: click here
The company’s Memphis-area rentals also amassed property violations at an unusually high rate, equal to a new violation every day or two, according to The Post. Source: click here
Many real estate agents send holiday cards to clients. But this year, one Canadian Realtor has raised a commotion online after critics took offense at his Christmas card’s depiction of his wife and three daughters with their mouths duct-taped shut while he held a “peace on Earth” sign. Realtor Dwight Streu, based in Edmonton, Alberta, with […]
In a policy guidance published last week, the Consumer Financial Protection Bureau (CFPB) announced changes to the mortgage data it will publish in 2019, increasing protections for consumer information related to credit scores and home addresses. The Home Mortgage Disclosure Act (HMDA) was enacted to make sure that financial institutions are faithfully meeting the requirements […]
Led by husband and wife Realtors, Evelyn and Steve Rosling, the 14-year-old Park Place Real Estate covers the Portland metropolitan area and southwestern Washington state and recorded $120 million in sales volume for 2018 with 25 agents. Source: click here
TransactionDesk will be made available to Arizona’s 50,000 Realtors under the deal. Source: click here
ClearAVM is designed to help lenders with tasks including pre-valuation, portfolio valuation, home equity situations and underwriting. Source: click here
Home prices in the U.S. rose 5.5 percent year-over-year in October, the third month in a row of slowing growth, according to the latest Case-Shiller U.S. National Home Price NSA Index released on December 26. The combination of rising home prices and climbing mortgage rates has economists predicting the housing market will stagnate in 2019. While still […]
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