The American Land Title Association has reported that its top executive, James Maher, is retiring after 23 years of service to the title industry."It has been my privilege to serve as executive vice president, and I look forward to serving in a consulting capacity," Mr. Maher said. He joined ALTA after working as a Department of Housing and Urban Development attorney, and he was a fierce critic of HUD's 2002 proposal to reform the Real Estate Settlement Procedures Act to allow the bundling of title and other settlement services. HUD later withdrew the proposal. ALTA's board of directors has formed a search committee to find a new EVP. The association can be found on the Web at http://www.alta.org.
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Higher costs than expected, not just for the mortgage but for repairs and more, have recent buyers' regretting their purchase, Clever RE and Redfin found in separate reports.
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New guidelines regarding buy-side and sell-side real estate agent compensation are set to go into effect this summer.
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Affordability challenges also have some aspiring homeowners taking second jobs or looking to draw from retirement savings, according to Redfin.
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The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
March 28 -
Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
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Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
March 28