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The typical American home seller pays a 2.55% commission to the real estate agent hired by their home’s buyer. That’s down from an average of 2.62% in January, before the NAR settlement was announced in March. This is according to Redfin, which analyzed MLS data of rolling four-week periods through…
Continue reading →Jennifer Lamerand operates Vibrations Sound Bath Studio in Nashua. (Photo by Allegra Boverman) After a year in business, Vibrations Sound Bath Studio, at its new location on Bridge Street in Nashua, is humming with activity. During a recent session, a handful of people relaxed in zero-gravity chairs as Jennifer Lamerand,…
Continue reading →Redfin CEO Glenn Kelman said Tuesday on the company’s second-quarter 2024 earnings call that he expects business to improve when the housing market speeds up after mortgage rates come down. But what is the alternative if rates don’t come down? “Great question — Plan B is drink our own urine…
Continue reading →California-based mortgage lender loanDepot reduced its financial loss in the second quarter of 2024 while still feeling the impacts of a January cyberattack. During the three-month period, the company increased its volumes and margins while implementing an efficiency program and selling mortgage servicing rights (MSRs). On Tuesday, loanDepot reported a…
Continue reading →Attorneys for Ginnie Mae have responded to Texas Capital Bank (TBC) over the government’s motion to move the case to a different venue. They say that the bank’s own filing on the matter avoids the key issues that the government sought to raise regarding the original clause that specifies where…
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