HousingWireHousingWire After weeks of buildup, it felt like only a matter of time before Compass would file a lawsuit against Northwest MLS (NWMLS) over the latter’s Clear Cooperation Policy (CCP). On Friday, the wait ended as Compass filed an antitrust suit against NWMLS. The filing includes alleged violations of the…
Continue reading →HousingWireHousingWire Last week’s pending home sales slipped to 68,000 single-family contracts — an expected Easter holiday lull that marks the first sub-2024 weekly tally in six weeks. Buyers remain mortgage rate-sensitive, of course. April’s tariff-fueled spike in U.S. Treasury yields pushed borrowing costs higher, but that’s subsiding just a bit…
Continue reading →HousingWireHousingWire It’s a busy time to be in the proprietary reverse mortgage space, with new and relaunched products hitting the market and other additional features being added to existing product catalogs. Earlier this month, Longbridge Financial announced the addition of Platinum Peak, a new variation of its private fixed-rate reverse…
Continue reading →HousingWireHousingWire VantageScore credit score usage by the mortgage industry dropped in 2024, ahead of widespread changes expected in credit reporting in the coming years. The decline was due to overall market conditions and a spike in portfolio analysis conducted by the government-sponsored enterprises (GSEs) in the previous year. Meanwhile, originators more…
Continue reading →HousingWireHousingWire In an effort to provide options for older Americans who want to avoid costly congregate care facilities and intend to age in place, social work researchers at the University of South Carolina will use federal grant dollars to assess the effectiveness of remote home monitoring systems for people who…
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