The Appraisal Institute, the Chicago-headquartered professional association of real estate appraisers, has named Cindy Chance to become its next CEO. Chance most recently served as executive vice president and member of the leadership team of the Urban Land Institute....
The State of Hawaii has alleged that Reverse Mortgage Funding (RMF) is delinquent for years of unpaid taxes. According to a report in Reverse Mortgage Daily (RMD), the State of Hawaii’s Department of Taxation has appointed a delinquent tax collection assistant to...
Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $534 on each loan they originated in the second quarter, according to data from the Mortgage Bankers Association (MBA). The second quarter results marked an...
The Consumer Financial Protection Bureau (CFPB) has levied a $1.75 million fine against Freedom Mortgage Corp., accusing the Boca Raton, Florida-based lender of providing illegal incentives to real estate brokers and agents in exchange for mortgage loan referrals. The...
The U.S. Small Business Administration (SBA) announced the agency’s first disaster declarations leveraging the Rural Communities Act, which will enable businesses and residents affected by recent disasters in Alabama, Nevada, and California to become eligible for...
Better HoldCo Inc., the parent company of Better Mortgage, is merging with Aurora Acquisition Corp. (NASDAQ: AURC, AURCU, AURCW), a publicly traded special purpose acquisition company (SPAC). The company had first announced the plan to merge with Aurora in May 2021,...
