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  • Mark Spain Real Estate is the latest to settle the commission lawsuits

    The list of brokerages that have settled the commission lawsuits is getting longer. On Wednesday, Higher Tech Realty, dba Mark Spain Real Estate, filed a notice informing the U.S. District Court in Atlanta that it had reached a nationwide settlement of the commission lawsuits with the plaintiffs in the Phillips suit. Neither the terms of

  • Mortgage rates could reach 5.7% next year, but will sellers give up their 3% rates?

    The U.S. economy appears to be on firmer footing than previously thought, mortgage rates are forecast to end 2024 at 6% and home-price growth is also on the move. These are conclusions drawn by economists at Fannie Mae‘s Economic and Strategic Research (ESR) Group. They’re now projecting gross domestic product (GDP) growth to fall from

  • Preapprovals fell 15% in Q3 as home prices spiked: LenderLogix

    LenderLogix, a provider of mortgage point-of-sale and automation software for lenders, said that borrowers generated 49,392 preapproval letters through its QuickQual preapproval program in third-quarter 2024, a 15% decrease from the second quarter. The average number of preapproved borrowers per loan officer decreased slightly to 28.5 in the third quarter, down from 29 in Q2 2024,

  • Lower mortgage rates won’t solve homebuilders’ problems

    Confidence is rising as inflation falls, but lower mortgage rates are a double-edged sword for homebuilders.

  • Better launches voice-based AI loan assistant

    The AI loan assistant, dubbed Betsy, was built through Tinman, the company’s proprietary loan origination platform, where information and facts on loan applications are stored.

  • Emotional support and service pets: Fair and affordable for who?

    As a Fair Housing DECODER, I see the proverbial emotional support elephant in the room: at times, animals (including legally allowed emotional support and service) can be, at best, a nuisance and, at worse, destructive, making them costly despite being medically necessary.