"December 26, 2024" Archives

Archive page

Appeals of NAR settlement approval continue to pile up

Appeals of the final approval of the  National Association of Realtors‘ (NAR) commission lawsuit settlement agreement  continue to pile up. On Monday, copycat suit plaintiff and settlement objector Hao Zhe Wang filed an appeal, while NAR members Rosalie Doyle, Jessica Winters, and John Guerra filed their appeal on Tuesday. Both appeals were filed with the Eighth Circuit…

Miami homeowner sues eXp for fraud over renovation

The legal department at eXp Realty and parent company eXp World Holdings is not getting any rest over the holidays. The real estate brokerage, along with several executives including eXp World Holdings CEO Glenn Sanford, eXp Realty CEO Leo Pareja, COO Patrick O’Neill, and eXp General Counsel James Bramble, are facing a new suit accusing…

NRMLA’s Steve Irwin on political change and the 2025 HECM limit

The reverse mortgage industry has had an eventful year, and the National Reverse Mortgage Lenders Association (NRMLA) stands ready for yet another year of change according to Steve Irwin, its president. With political changes on the horizon, debate about some core Home Equity Conversion Mortgage (HECM) program attributes and work to be done, Irwin sat…

Loss-mitigation waterfalls face a murky future under Trump administration

Mortgage servicers have spent the past couple of years watching as federal housing agencies adopted various strategies to help borrowers who entered forbearance due to the COVID-19 pandemic but struggled to exit due to rising interest rates.  Now they have a request for the incoming Trump administration — standardization and simplification of loss-mitigation frameworks. Servicers…

1 2