Rate-and-term refi locks jump 25.6% in May: Optimal Blue
Rate-and-term refinances rose 25.6% in May as mortgage rates trended down, according to a new report by Optimal Blue. The spike was a response to a modest drop in the…
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NAHREP recognizes top 250 Latino mortgage originators
The National Association of Hispanic Real Estate Professionals (NAHREP) this week released the 10th edition of its annual Top 250 Latino Mortgage Originators rankings, honoring the top-performing Latino mortgage originators…
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What is New Mexico Known For? Facts, Foods & Landmarks
When you think of New Mexico you may think of mesmerizing landscapes, from the dramatic deserts of White Sand and the rugged beauty of the Rocky Mountains to the historic…
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What is New York Known For? Facts, Foods & Landmarks
New York State is home to famous cities like New York City, landmarks like Niagara Falls, and the picturesque countryside in the Hudson River Valley. However, New York is known…
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Amazon commits additional $1.4B to affordable housing fund
Online retail giant Amazon announced this week that it is committing an additional $1.4 billion to its Housing Equity Fund that will go toward the creation and preservation of roughly…
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Mortgage underwriting algorithm at heart of Wells Fargo’s racial disparity lawsuit
In court filings, the plaintiffs argue that Enhanced Credit Score disproportionately sent Black and Latino applicants to higher-risk classes, subjecting them to more underwriting scrutiny than other applicants and resulting…
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Responsible AI in Real Estate: Will Artificial Intelligence (like AI Chatbots) Get Me “Canceled”, Blocked, Fined or Jailed?
With each year, technology helps us to work smarter in some ways but not so smart in other ways. One critical area as generative AI becomes increasingly our personal assistant…
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New homes remain in demand as mortgage applications rise in May
New-home purchase mortgage applications rose 1% month over month and 13.8% year over year in May, according to data released Thursday by the Mortgage Bankers Association (MBA). The data is…
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Judge approves Rocket’s $3.5M settlement over unpaid employee overtime
A judge in Arizona has approved a $3.5 million settlement agreement between Rocket Mortgage and current and former employees who alleged in a class-action-seeking lawsuit that the company did not…
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Opendoor announces partnership with My State MLS
Opendoor has partnered with nationwide multiple listing service My State MLS to equip more than 60,000 agents in each of the 50-plus markets Opendoor serves with access to the iBuyer’s…
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