"November 14, 2024" Archives

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Reverse mortgage educators look to correct the record on credit lines, equity modeling

Reverse mortgage educators Dan Hultquist and Jim McMinn brought their “Rules of the Game” presentation back to this year’s National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo in San Diego. After starting with the importance of focused information and certain reverse mortgage product features, the pair went deeper into other longstanding elements that…

Rocket spends $14 million to secure its namesake domain

Rocket Companies, the parent of Rocket Mortgage, paid a reported $14 million to acquire the domain name Rocket.com. The purchase, which was initially reported by DomainInvesting.com, was said to be from defense contractor L3Harris Technologies Inc. Rumors of the deal began in early September. The transaction was referenced in a recent filing by L3Harris with…

NYC rental broker fee killed by city council

The NYC rental broker fee is dead. The New York City Council voted Wednesday afternoon to enact the Fairness in Apartment Rentals Act (FARE) Act, a bill that would end tenant-paid rental broker fees when brokers are exclusively representing landlords, as part of a broader effort to address the city’s housing affordability crisis. Upon signing…

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