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Facing lawsuits and enforcement actions by attorneys general in several states, the company said Thursday it would shut down about two weeks after being sued by Connecticut’s Attorney General. Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025. Sale-leaseback platform EasyKnock, which faced consumer lawsuits and enforcement actions by attorneys general in several states, has closed its…

Tim Nelson, reverse department manager at VIP Mortgage, is a 35-year veteran of the mortgage business, and he has been solely focused on reverse mortgages for the past 15 years. Nelson recently sat down with HousingWire’s Reverse Mortgage Daily (RMD) to share perspectives on what it was like to move from being a reverse mortgage industry professional to a customer. He obtained his own Home Equity Conversion Mortgage (HECM) as soon as he and his wife reached the qualifying age of 62. In this second part of the interview, Nelson goes into some of the more specific aspects of making…

Illustration: Gabriel Alcala If there’s anything Curbed readers have asked us for, besides a secret new way to find a good New York City apartment, it’s an app that makes it easier to read the stories on our site. That day is here! Now, if you happen to pause between looking at an elegantly renovated Brooklyn Heights townhouse and a story about why people are moving to the Financial District (yes, really!), you don’t have to enter yet another log-in and password. The app is available for download here, giving you a streamlined pass not just to Curbed but also to…

New commission rules offer brand new opportunities for working with buyers. California broker Cindi Hagley offers ways to embrace change and prosper. Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025. Commission changes are here. In a nutshell, the changes ended the practice of homesellers automatically covering the fees for agents on both sides of the…

The Federal Housing Administration (FHA) on Friday announced two new key responses to its ongoing disaster recovery efforts in the wake of an accelerating trend of extreme weather events. These include an extension of a foreclosure moratorium for victims of hurricanes Helene and Milton, as well as a new pre-disaster housing partnership with the Federal Emergency Management Agency (FEMA). FHA formalized the foreclosure moratorium extension in Mortgagee Letter (ML) 2024-25, requiring lenders to immediately implement the extension that is now set to expire on April 11, 2025. “This extension provides homeowners with FHA-insured mortgages in Presidentially Declared Major Disaster Areas…

Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025. Saying it’s been forced “onto a tightrope that is impossible to walk,” Rocket Mortgage has sued federal regulators, alleging the government is requiring lenders to grant appraisers independence and then holding the lenders liable if those appraisers engage in racial bias or discrimination. “The government cannot require…

The U.S. job market performed better than expected in November, gaining 227,000 nonfarm payroll jobs from a month prior according to data released Friday by the U.S. Bureau of Labor Statistics (BLS), sending mixed messages ahead of the Federal Reserve‘s meeting next week. “Today’s report shows a strong labor market, but the employment picture has been a little bumpy over the past few months, as weather events and large labor strikes have complicated the outlook,” Lisa Sturtevant, the chief economist at Bright MLS, said in a statement. “There have been signs that the labor market was cooling some, which could give the Fed…

The thing that’s killing your real estate business, coach Ricky Carruth writes, is the way you’ve been programmed to think about leads. Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025. Let me drop some truth on you about why you’re not crushing it in real estate. It’s not your work ethic, your market or your…

UWM Holdings Corp., the parent company of leading U.S. mortgage lender United Wholesale Mortgage (UWM), has raised $800 million through an unsecured debt offering, a 60% increase from its initial plan.  The offering, targeted at qualified investors, priced at 6.625% with senior notes due in 2030. These notes are guaranteed on a senior unsecured basis by UWM and share equal payment priority with the company’s existing senior unsecured notes. According to filings with the Securities and Exchange Commission (SEC), UWM plans to use the proceeds to pay down mortgage servicing rights (MSR) facilities and for general corporate purposes. The transaction…

Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025. In a lengthy new conversation, National Association of Realtors President Kevin Sears called out the Department of Justice as “disrespectful,” and said his organization settled antitrust commission litigation in order to avoid leaving other industry players high and dry. Sears made the comments during an episode of Anthony Lamacchia’s podcast, Crush…