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- Compass CEO Reffkin believes agents will still be valued in a post-settlement world May 8, 2024Compass executives discussed the firm's financial results, and its commission lawsuit settlement agreement, during a Q1 earnings call.
- Former top executive withdraws lawsuit against Better.com and its founder May 8, 2024The parties sent a stipulation of voluntary dismissal with prejudice to a U.S. district court in New York on April 22.
- In Q1 earnings, Longbridge parent expects reverse mortgage market to improve May 8, 2024Ellington leadership reported that Longbridge originations were down, but they expect improvements and were bullish on proprietary securitizations.
- Judge denies Batton plaintiffs’ request to block settlement agreement’s final hearing May 8, 2024Judge Andrea R. Wood called the Batton 1 plaintiffs’ motion to block a final approval hearing “neither necessary nor appropriate.”
- Fannie Mae adds web-based income calculator for mortgage originators May 8, 2024The new option is designed to better serve borrowers with nontraditional sources of income, including self-employed workers.
- Panorama Mortgage Group launches 1% down payment loan program May 8, 2024The 1st Generation program also includes a 2% grant to meet conventional lending standards
- Senator inquiring about HMBS program clinches gubernatorial nomination May 8, 2024Mike Braun will be the Republican nominee in Indiana's upcoming governor's race, but the status of his HMBS inquiry remains unclear.
- Home prices grew in 93% of markets in Q1 2024: NAR May 8, 2024Home prices trended up in the first quarter of the year in almost all of the 221 U.S. metro areas analyzed by the trade group .
- How housing credit is shaping housing inventory May 8, 2024When we look at why home prices escalated after 2020, we can see that housing credit mattered more to inventory data than most people realize.
- McCargo appointed as CEO of FHLBank of San Francisco May 8, 2024Former Ginnie Mae President Alanna McCargo will assume her new role with the Federal Home Loan Bank on June 10.