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Mr. Cooper agreed to a $5.8 million settlement. Who is eligible for relief?

Housing Wire

Service transfer borrowers moved their loans to Mr. Cooper for servicing between February 2011 and December 2017. Property preservation borrowers were subject to Mr. Cooper’s property inspections between June 2011 and December 2017.

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California will require home insurers to offer policies in high-risk wildfire areas

Housing Wire

The eight largest wildfires in state history have occurred since 2017, and the worst when measuring the loss of life was the Camp Fire in 2018, which killed 85 people. In explaining the rationale behind the new regulation, the Department of Insurance noted that climate change has made California hotter and drier over the last several decades.

Insurance 521
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Costs Mounting for Homebuyers

Appraisal Buzz

Since launching in 2017, Clever has reached $11.4 The study found that 72% of buyers had regrets, with the most common being that buying a home is simply too expensive. Clever Real Estate produces educational real estate content, reaching more than 10 million readers annually. Clever’s network spans 15,000 agents across all 50 states.

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LoanSnap troubles continue as California revokes its lender license

Housing Wire

Founded by Karl Jacob and Allan Carroll in 2017, LoanSnap raised $100 million in seed funding from investors such as Richard Branson’s Virgin Group ; former NFL star Joe Montana’s Liquid 2 Ventures ; and LinkedIn co-founder Reid Hoffman.

Landlords 430
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Douglas Elliman fires brokerage CEO Scott Durkin

Housing Wire

Durkin joined Douglas Elliman in 2015, becoming chief operating officer in 2016 and president in 2017. Michael Liebowitz, the firm’s board director, was named the new chairman and CEO. He was named CEO in 2021 after being selected by Lorber and Dottie Herman, Elliman’s previous CEO.

Brokerage 415
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ICE: First-time homebuyers account for record share of agency lending in Q1 2025

Housing Wire

The company observed higher inventory volumes during March, with the deficit of homes for sale compared with pre-pandemic averages (2017-2019) falling by 20%. New listings were up 10% year over year in March, falling only 12% shy of their 2017-2019 averages. Nearly one-third of major markets are back to pre-pandemic inventory levels.

Lending 323
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Home sale cancellations hit record high in January

Housing Wire

a year earlier and is the highest rate recorded for January since at least 2017. of pending home sales fell through in January, marking the highest January cancellation rate since 2017. The figure, which represents over 41,000 failed home-purchase agreements, marks an increase from 13.4%