Top Headlines
Commissions Lawsuit Settlements Face Delay from Plaintiffs in Another Case
The plaintiffs in the Batton 1 lawsuit in Illinois are trying to block final approval of the Sitzer/Burnett settlements. Continue Reading Commissions Lawsuit Settlements Face Delay from Plaintiffs in Another Case
Travelers to Raise California Homeowner Insurance Rates by 15%
On average, California homeowners pay $1,452 a year for home insurance coverage. Continue Reading Travelers to Raise California Homeowner Insurance Rates by 15%
Total Lender Solutions Acquires Mortgage Lender Services
According to the companies, the acquisition gives Total Lender Solutions, a stronger foothold in Northern California and Nevada. Continue Reading Total Lender Solutions Acquires Mortgage Lender Services
Joe Hullinger Joins LendingOne as EVP
Before joining LendingOne, he was previously the president of finance at America Commercial. Continue Reading Joe Hullinger Joins LendingOne as EVP
James Thanasules Named President of AmTrust Title Insurance Company
He will oversee AmTrust Title’s operations providing title insurance for the commercial and residential real estate industries. Continue Reading James Thanasules Named President of AmTrust Title Insurance Company
What is Landlord Insurance, and How Does it Work?
Source: Point 2 Homes --- What is Landlord Insurance? Landlord insurance is a policy that is specifically designed to protect owners of rental properties. There are different levels of coverage, but for the most part, the policy is aimed at non-owner-occupied...
Combating Wire Fraud In The Mortgage Industry
Source: Forbes --- As real estate transactions have moved online, so have scammers who hope to intercept money that's meant for down payments and funding loans. According to the FBI's 2020 Internet Crime Report, nearly 14,000 people fell victim to real estate/rental...
Buying vs. Renting — How the 5% Rule Can Help You Decide
Source: Point 2 Homes--- The 5% rule was coined by Canadian investment portfolio manager Ben Felix. It stems from the general consensus among potential homebuyers that if you can afford to make mortgage payments that are equal or less than what you’re paying in rent,...
Rate-Conscious Homeowners Are Repeatedly Refinancing Their Mortgages. Is Another Refi Right for You?
Source: Money --- Carlos Barros was elated when he refinanced his mortgage back in May 2020, locking in a 3.125% rate and reducing his monthly payments by about $220. Unfortunately, the feeling didn’t last long. “Just a week or so after I closed on my refinance —...
Senators reintroduce bill to allow remote online notarizations
Source: Housing Wire --- Could it finally be happening? Senators Mark Warner (D-Va.) and Kevin Cramer (R-N.D.) have reintroduced federal legislation that would allow remote online legislation (RON) nationwide. Dubbed the Securing and Enabling Commerce Using Remote...
The curious case of the enduring sub-3% mortgage rate
Source: Housing Wire --- Historically low mortgage rates had their moment in the sun in 2020. They rested far below 3% for months before America’s economic rebound pushed them back up in the winter of 2021. But data released on Thursday from Freddie Mac showed that...
Welcome Home
Source: Scotsman Guide --- Demand for single-family rental housing is rising, and the sector has emerged as a popular option for those seeking more space and an affordable place to live. During the COVID-19 pandemic, this trend has accelerated as more people flee...
Major housing program to expand to $15 billion
Source: MPA --- Bank of America Corp. is expanding a mortgage program for low- to moderate-income homebuyers in an effort to address racial wealth gaps. The lender, working with the non-profit Neighborhood Assistance Corp. of America, set a goal of providing $15...
5 ways to track and predict market changes
Source: Inman --- Agents often get questions about the future of the market from curious consumers. Knowing how to answer them is key to building trust and establishing yourself as an expert in your field. Here are a few ways to stay in the know and spot patterns and...
Don’t Forget to Budget for Closing Costs
Source: Keeping Current Matters --- When buying a home, it’s important to have a budget and make sure you plan ahead for certain homebuying expenses. Saving for a down payment is the main cost that comes to mind for many, but budgeting for the closing costs required...
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