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New American Funding partners with EasyKnock on sale-leaseback program

Housing Wire

California lender New American Funding has partnered with EasyKnock, a New York startup that buys homes and rents them back to sellers, allowing clients to access their home equity through non-traditional means. The majority of its revenue comes from rents, set at market rates by using third-party data.

Tenants 384
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Northpointe Bank to shutter its correspondent lending business

Housing Wire

Northpointe Bank appreciates its valued client relationships and remains committed to providing superior financing solutions to its retail lending consumers and warehouse financing clients,” Williams said. Northpointe became an approved seller and servicer for Freddie Mac in 2013, Fannie Mae in 2014 and Ginnie Mae in 2016.

Lending 384
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Maxwell launches new secondary platform for small lenders

Housing Wire

Six months after raising capital, digital mortgage startup Maxwell announced Tuesday the launch of a trading platform to provide community lenders access to the secondary market, connecting these loan sellers to buyers. Maxwell will provide the platform service for sellers and attract buyers. mortgage market. mortgage market.

Investors 361
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Leading Real Estate Companies of the World® Awards Lamacchia Realty for Most Outgoing Referrals in 2023

Lamacchia Realty

“I’m thrilled that we’ve won this award and even more thrilled that we helped so many clients relocate this year! Being a part of LeadingRE® has allowed our department to elevate its level of service to our buyers and sellers, no matter the location!”

Realty 66
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A look behind this year’s Tech100 winners

Housing Wire

In 2016 LLR led a $26.5 With efficiency metrics and client outcomes like these it’s no surprise that the company continued to attract capital and investor interest. Certain Fiserv clients have expanded their active QC review from 10% of loan volume to 100% without increasing staff. Mortgage lending has its problems.

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Are you prepping for worst-case commission lawsuit outcomes?

Housing Wire

The lawsuit, which was originally filed in 2019 and won class-action status in April, alleges that some NAR rules, including one that requires listing brokers to offer buyer brokers a commission to list a property in a Realtor-affiliated MLS, violate the Sherman Antitrust Act by inflating seller costs.

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The real estate industry battles the rising tide of email fraud

Housing Wire

The victims targeted can be lenders, real estate agents, title companies and other escrow agents, attorneys as well as homebuyers and sellers. For context, in 2016, the FBI’s IC3 reported that annual losses attributable to BEC scams totaled $360 million. “If Now, everybody’s robbing banks with laptops.” billion.