HousingWireHousingWire The James Dwiggins-helmed firm NextHome is the newest real estate brokerage to settle the commission lawsuits. The firm notified the court of its settlement agreement on Tuesday in the consolidated Gibson and Umpa suits suits via a brief filed last week. The filing does not note how much NextHome has agreed to pay…
Continue reading →HousingWireHousingWire At the end of August, Guild Mortgage announced a suite of products under the name “Flex Payment Mortgage,” which includes Home Equity Conversion Mortgage (HECM) reverse mortgage products alongside refinances, proprietary jumbo options and HECM for Purchase (H4P) loans. Jim Cory, managing director of Guild’s reverse division, previously spoke…
Continue reading →HousingWireHousingWire Like all of the other settlements so far, plaintiffs’ attorneys in the ongoing real estate agent commission lawsuits have asked a court for one-third of the settlement amounts agreed to by the National Association of Realtors (NAR) and HomeServices of America. In a filing in the Sitzer/Burnett suit on…
Continue reading →HousingWireHousingWire The country’s largest wholesale lender, United Wholesale Mortgage (UWM), has launched a broker training program that will teach individuals to become licensed mortgage originators. Dubbed “BrokerX,” the five-week program will provide existing brokers with a “streamlined solution” for training and licensing new talent without the use of their own…
Continue reading →HousingWireHousingWire Recipients of the federal Social Security benefits program are on track to receive a 2.5% cost-of-living adjustment (COLA) in 2025, a smaller increase than in recent years as the bite of inflation loosens its grip. A forecast released last week by The Senior Citizens League (TSCL) arrived just ahead…
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