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Luxury home sales rise 41.5%, making biggest jump since 2013

Housing Wire

In the largest increase since 2013, luxury home sales rose 41.5% The post Luxury home sales rise 41.5%, making biggest jump since 2013 appeared first on HousingWire. in the third quarter, according to a new report from Redfin.

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HUD Proposes Reinstating 2013’s Discriminatory Effects Rule

Appraisal Buzz

The post HUD Proposes Reinstating 2013’s Discriminatory Effects Rule appeared first on DSNews. The post HUD Proposes Reinstating 2013’s Discriminatory Effects Rule appeared first on Appraisal Buzz.

Appraisal 195
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Fraud, forgery claims are costliest expenses for title insurers

Housing Wire

Between 2013 and 2022, title insurers recorded 203,181 claims for policies written during that time, and they paid out $4.4 The study examined 127,000 claims associated with policies issued between 2013 and 2022, and it delved into the most common sources of title insurer losses and claims expenses throughout the decade.

Insurance 451
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Rithm Capital restructures CEO’s pay into incentive-friendly deal

Housing Wire

Nierenberg joined the company in 2013 and has recently repositioned it from a real estate investment trust (REIT) into a leading global asset manager. Nierenberg has been the president and CEO of Rithm since November 2013 and chairman since May 2016. Morgan , Bear Stearns , and Lehman Brothers. In 2023, Rithm announced a $532.7

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Freddie Mac CFO to resign at the end of June

Housing Wire

In March, Freddie Mac announced that its president, Michael Hutchins — a 30-year veteran of the mortgage industry who joined the GSE in 2013 — had been appointed as interim CEO. Its CEO, Michael DeVito , retired in the first quarter of 2024, less than three years into the job. Freddie Mac reported a full-year profit of $10.5

Finance 325
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Equity surge boosts homeowner net worth by $208K: John Burns 

Housing Wire

Meanwhile, homeowners who bought in January 2000, January 2006 and January 2013 have received boosts of $414,000, $338,000, and $343,000, respectively. Overall, U.S. homeowners held $31.8 trillion in home equity at the end of 2023, up from $15 trillion in 2006, the previous peak of the housing cycle.

Investing 401
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NexBank promotes Brian Ralston to new role

Housing Wire

Prior to this role, Ralston served as the senior vice president of mortgage banking at NexBank since 2013. Earlier this month, NexBank Capital promoted Rhett Miller to executive vice president and chief banking officer from chief credit officer, a role he’s had since 2013. Ralston is also the president of NexBank Title, Inc.

Lending 363