RESPA Section 8 reforms and modernizations are sorely needed, MBA says by Chris Clow for HousingWire

HousingWireHousingWire The Mortgage Bankers Association (MBA) on Thursday released a new white paper, which argues that Section 8 of the Real Estate Settlement Procedures Act (RESPA) is in need of reform and modernization to better reflect “today’s highly-regulated mortgage market.” Dec. 22, 2024, will mark the 50th anniversary of RESPA…

Continue reading →

Mortgage servicing startup Valon raises $100M in Series C funding round by Kennedy Edgerton for HousingWire

HousingWireHousingWire Fast-growing mortgage servicing platform Valon has secured $100 million in a Series C funding round, the company announced this week. The latest investment — led by New York investment firm WestCap and Silicon Valley venture capital giant Andreessen Horowitz — brings the total amount of capital raised by Valon…

Continue reading →

RSU 21’s Kirstin Shapiro is already facing a recall. Could she face censure, too? by NH Business Review for Shawn P. Sullivan-Portsmouth Herald

RSU 21 School Board member Kirstin Shapiro, seated at left in the foreground at a meeting on Monday, Oct. 21, 2024, could be facing censure in addition to a recall election for allegedly violating Board policies in recent months. (Courtesy of RSU 21 Streaming Service) RSU 21 School Board member Kirstin Shapiro is…

Continue reading →

Demand for distressed homes is dropping. What that means for the housing market by Neil Pierson for HousingWire

HousingWireHousingWire Online real estate marketplace Auction.com released data this week showing that demand for distressed homes — including bank-owned properties and foreclosures — shrank for a second straight quarter. The company’s Auction Market Dispatch for third-quarter 2024 included a survey conducted in late September of more than 140 active buyers…

Continue reading →