Elizabeth Warren questions Bilt about payment issues during bank transition.
U.S. Senator Elizabeth Warren seeks clarification from Bilt Rewards regarding customer payment disruptions and account issues amid a banking partner transition.
Apartment Rents Experience Minor Increase in Recent Period
Apartment rents have experienced a slight increase, marking six months of consistent growth. National averages now stand at $1,737, signaling market resilience.
Zillow and MRED to Face Hearing Following Restraining Order on Data Feeds
Court grants expedited discovery and schedules a hearing on Zillow's motion to prevent MRED from halting listing feeds following a temporary order.
Realtracs may suspend Zillow listings due to IDX rule violations.
Realtracs warns that Zillow may face suspension of its MLS feed starting June 1 due to non-compliance with updated IDX display rules, effective May 31.
Smartfi Introduces 50-Basis Point Reverse Mortgage Discount for Veterans
Smartfi Home Loans launches Choice Service, offering a 50-bps rate reduction on its proprietary reverse mortgage for qualifying veterans, enhancing access to financial solutions.
Luxury Home Prices Increase by Almost 4%
Luxury home listings increased by 2% year-over-year, outpacing non-luxury listings, with prices rising nearly 4%, signaling a competitive market shift.
Mortgage Delinquencies Remain Steady at 3.35%
April delinquencies remained steady at 3.35%, while serious delinquencies increased to 577,000, indicating trends that may affect private lending strategies.
The Issue with Having 300 Integrations in Your Loan Origination System
Explore how the mortgage industry's reliance on complex software integrations can lead to inefficiencies, urging a shift towards cohesive platforms and true partnerships.
Highlights and Setbacks in Real Estate for the Week of May 18-22
Mortgage rates are increasing, impacting home sales in San Francisco. Barbara Corcoran also draws attention with her insights on the market. Continue Reading Hits and Misses for the Real Estate Week of May 18-22
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States Consider Loan Classification Amid Expanded HEI Regulations
State HEI legislation is evolving, with Maine establishing standards, Illinois updating licensing, and other states considering the classification of HEIs as loans.