Top 10 U.S. mortgage lender Fairway Independent Mortgage Corp. sustained a cyber attack in early December due to vulnerabilities in a vendor system, the company told the Massachusetts Office of Consumer Affairs and Business Regulation.On Dec. 4, the company’s information security team “received noti

Ellington Financial, parent company of top 10 reverse mortgage lender Longbridge Financial, reported a lower economic return for the fourth quarter of 2023, which was partially driven by net losses from Longbridge “and other positions,” according to CEO Laurence Penn.Penn added, however, that Longbr

EasyKnock completed a $28 million Series D funding round, the company announced on Wednesday.Northwestern Mutual Future Ventures, the venture capital arm of financial services company Northwestern Mutual, joined as an investor in this round. With its newest  influx of capital, EasyKnock aims to adva

As brokerages across the country have begun implementing buyer agency contracts into their business practices in the wake of the Sitzer/Burnett commission lawsuit verdict, the Consumer Federation of America is warning consumers that they may be filled with “unfair provisions” that primarily protect

The Marin County Board of Supervisors in Northern California on Tuesday approved reduced fees to build accessory dwelling units (ADUs) in unincorporated parts of the county, according to an announcement by county officials.Marin County is situated across the Golden Gate Bridge, north of San Francisc

Tom Davis, chief sales officer, Deephaven MortgageToday’s market means that more borrowers have higher debt-to-income ratios, limited access to credit and are looking for alternative ways to get qualified for a mortgage. Tom Davis, chief sales officer at Deephaven Mortgage, offers information about

The Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) announced this week that they have filed an amicus brief in the U.S. Court of Appeals for the Eleventh Circuit, supporting plaintiffs that allege unlawful fees imposed by Ocwen Loan Servicing, a division of Ocwen

Rocket Companies will soon shut down Rocket Pro Originate, a mortgage origination platform for real estate agents, insurance agents, tax professionals and other financial professionals who are also licensed to originate mortgages. According to a copy of an email sent to affected originators and revi

It’s no secret that homeowners search online to find a listing agent who can sell their home quickly and for top dollar. But what if you could find them first? What if you could target the right prospects, at the right moment using data? If you’re an agent, team or brokerage looking to keep a pipeli

Real estate brokerage Redfin revealed signs of progress in its fourth-quarter 2023 earnings report, signaling a potential turnaround after facing challenges earlier in the year.Fourth-quarter 2023 revenues at Redfin fell 2% year over year to $218.1 million, down from $222 million in Q4 2022. The com

Although Compass failed to achieve its much publicized goal of being free cash-flow positive in 2023, brokerage executives were still positive about the company’s performance over the past year.“Even at these new op-ex [operating expense] levels, we continue to invest in agent growth, increasing mar

At the 2024 Keller Williams Family Reunion event in Las Vegas, co-founder and executive chairman Gary Keller took the stage on Tuesday and spoke to a room full of real estate agents about the importance of buyer agency agreements within the context of the ongoing antitrust lawsuits.Among other servi

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) this week announced the awarding of more than $14.5 million that will be distributed by public housing agencies (PHAs) across the country in an effort to house veterans.The funds will be distr

Pretium Partners, one of the nation’s largest investors in nonagency residential mortgages, announced the signing Tuesday of a strategic partnership with Hunter Point Capital (HPC) that is designed to support Pretium’s long-term growth.The deal gives HPC a minority investment stake in Pretium, which

Keller Williams CEO Mark Willis took to the KW Family Reunion stage in Las Vegas Tuesday as Pitbull’s “I believe that we will win” played over the speakers. Throughout Willis’ “State of the Company” address, he regularly echoed back to the iconic Pitbull song, as he looked to motivate attendees for

Ocwen Financial Corp., parent company of PHH Mortgage Corp. and its subsidiary Liberty Reverse Mortgage, posted a $64 million loss in 2023 but sees a generally positive trajectory for its reverse mortgage origination and servicing businesses. This is according to an earnings release and conference c

Seniors who have employed some kind of home-based health care service have a higher acceptance and adoption of home-based hospice services, which can provide personalized support for end-of-life care, according to a study by Rutgers University’s School of Nursing. The findings were first reported by

Financial services consulting firm ThoughtFocus appointed Santhosh Ananthakrishnan to the position of chief business officer. In his new role, Ananthakrishnan will oversee growth strategies and report directly to ThoughtFocus CEO Shylesh Krishnan. “I am very impressed with the rich portfolio of long