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Planet Home Lending confirmed on Tuesday the acquisition of certain retail assets from Axia Home Loans, describing the transaction as an opportunity to expand its operations in the Western, Northwestern, and Midwestern markets. HousingWire broke the news in early August. Axia is also winding down its wholesale division as a…
Continue reading →In early 2021, the United States Congress enacted the Corporate Transparency Act (CTA) to help federal agencies combat money laundering and other financial crimes. The law went into effect on January 1, 2024. It requires about 33 million small businesses, including real estate organizations, to report beneficial owner information (BOI)…
Continue reading →Denver-based Realtor Bret Weinstein took on a client whose house had been on the market for 60 days. Despite dropping the price to $625,000 from $650,000, it sat for another 45 days with no offers. Another price cut to $600,000 didn’t help either, as it resulted in another 20 days…
Continue reading →Non-QM wholesale lender Angel Oak Mortgage Solutions (AOMS) has promoted longtime production head Tom Hutchens to president. The Atlanta-based company, which is part of the larger family of Angel Oak mortgage entities, said John Jeanmonod, formerly Angel Oak’s regional vice president of sales, would replace Hutchens as executive VP of…
Continue reading →The Federal Housing Finance Agency (FHFA) Office of the Inspector General (OIG) has warned the agency that it has serious network security deficiencies that leave its computer systems vulnerable to hacking, based on “penetration testing” the OIG performed. This is according to a report issued by the FHFA OIG itself….
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