NRMLA asks CFPB for new reverse mortgage disclosure framework
The National Reverse Mortgage Lenders Association (NRMLA) is urging the Consumer Financial Protection Bureau (CFPB) to overhaul reverse mortgage disclosures, arguing that tailored, simplified materials could help consumers better understand the products and their risks. In an Aug. 10 comment letter responding to the CFPB’s request for information on promoting access to mortgage credit, NRMLA […]
Wyoming MLSs object to NAR settlement data sharing notice
MLS in Wyoming have some thoughts to share on Judge Stephen Bough’s recent authorization of the Gibson and Sitzer/Burnett commission lawsuit plaintiffs to send a notice to all of the MLSs that opted into the National Association of Realtors’ (NAR) commission lawsuit settlement, reminding them of their responsibilities in the settlement. On Thursday, Cooperative Listing […]
Portland revamps downtown zoning, office conversions in focus
About a third of commercial real estate in downtown Portland, Oregon, is vacant, city officials say, a byproduct of the COVID-19 pandemic and hybrid work models. City officials in one of the nation’s top-25 cities by population, with an estimated economic output of $80 billion, are now trying to rewrite zoning rules for its downtown […]
New Coldwell Banker Affiliates president on AI, rates, luxury market
Mary Lee Blaylock recently stepped into the role of president at Coldwell Banker Affiliates, bringing more than 30 years of residential real estate experience to the position. Her appointment comes as Coldwell Banker advances its “One Coldwell Banker” brand strategy — aiming to align company-owned operations and affiliates under a unified platform. Blaylock’s background includes […]
Tenant filing disputes landlord claims in NYC rent freeze case
New York City tenant advocates aren’t sitting out the legal battle over a rent freeze. They came off the sidelines and entered the courtroom fray to ensure the freeze stays in place. In a Thursday court filing, Tenants and Neighbors and the Metropolitan Council on Housing pushed back against landlords who sued in a Staten […]
How Taylor Morrison tracks one division's offsite component gains
Battling soft margins, dicey demand and chronic labor shortages, can homebuilders leverage a pivot to factory-built components as an offset to build more efficiently and scale with fewer workers? This is a question that Taylor Morrison’s Austin division began asking just before the onset of the COVID pandemic. Over the last several years, the builder […]
Better founder Vishal Garg lines up voting majority to retake control
Vishal Garg, the founder and former CEO of Better Home & Finance Holding Co., is seeking to regain control of the company after securing support from shareholders holding a majority of its voting power. Garg has retained attorney Alex Spiro in connection with the shareholder action, according to an announcement Thursday evening. In a letter […]
Acrisure Mortgage names Todd Boss president
Acrisure Mortgage announced Thursday that it has appointed Todd Boss as president, succeeding Joe Nunziata, who was recently promoted to president of Acrisure Real Estate Services. Boss will oversee the day-to-day operations of Acrisure Mortgage, including its nationwide mortgage platform, sales organization and strategic growth initiatives, and will report to Nunziata, who now oversees Acrisure’s […]
Side CEO says independents are the future, launches SideOS
While much of the housing industry is focused on the current wave of consolidation consuming the space, real estate brokerage Side is placing its bet on local and regional independent brokerages being the future of the industry. “The prevailing narrative in the industry today is that there are going to be two or three brands […]
After loss and capital raise, brokers stick with UWM on service
Mortgage brokers working with United Wholesale Mortgage (UWM) say it remains “business as usual” following the lender’s second-quarter loss and a multibillion-dollar capital raise, with no noticeable impact so far on day-to-day loan production. The Pontiac, Michigan-based wholesale lender reported last week that it lost $451.9 million in the second quarter, driven largely by a […]