In prior conversations with HousingWire’s Reverse Mortgage Daily (RMD), leaders of equity sharing companies contend that their products are different from reverse mortgages largely because they are not debt-based instruments. But a court case playing out in the U.S. Court of Appeals for the Ninth Circuit features plaintiffs who argue that they are — at…
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Editor’s note: This is the second in a series of articles that will explore the effects of the landmark Sitzer/Burnett case, which was decided on Oct. 31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. As the real estate industry grappled with the fallout of the Sitzer/Burnett jury verdict…
Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. With hundreds of other IDX websites online, why would a buyer choose yours? And no, “Because they clicked on my ad!” is not an acceptable answer. Not in 2024. Not when the…
Minneapolis-based mortgage lender Luminate Home Loans has decided to shutter its NEO Home Loans division, which transitioned to the firm two years ago, the company announced on Friday. The expectation is that NEO will close by the end of February 2025. According to Luminate, the decision reflects, among other things, its “focus on integrating mortgage…