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The Real Brokerage settles Umpa commission lawsuit for $9.25M

Housing Wire

In addition to the monetary award, Real has also agreed to implement business policy changes as part of the settlement, including “clarifications about the negotiability of commissions, prohibitions on claims that buyer agent services are free, and the inclusion of listing broker compensation offers in communications with clients.”

Brokerage 384
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47-year-old Florida indie brokerage joins RE/MAX

Housing Wire

We were completely blown away by the tools and technology and the culture of RE/MAX,” Owen Boone, RE/MAX Foxfire’s vice president and director of operations, said in a statement. It’s very difficult to be an unaffiliated brokerage right now and compete with franchises who offer technology and training.

Brokerage 407
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What mortgage lenders need to know about wholesale

Housing Wire

As the top mortgage lender, we are always building, growing and improving broker tools on a daily basis. Consumers get a lower rate , lower fees and an exceptional client experience when they work with an independent mortgage broker. In fact, in 2022, over 20,000 loan officers joined the wholesale channel.

Mortgage 362
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How to maintain loan quality in a rapidly changing market

Housing Wire

HousingWire recently spoke to Donna Gibson, COO and president of QC Ally, about fraud prevention and loan quality outlook for the rest of 2022. HousingWire: In this time of market change and as we head towards the last quarter of 2022, what are the hot topics in risk, fraud prevention and loan quality? increase) and property (22.6%

Marketing 332
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Reverse purchase financing: The financing option no one is talking about

Housing Wire

Did you know that in 2022, both younger and older Baby Boomers made up the largest generation of American homebuyers? 2 However, these potential clients will also face challenges — namely market volatility, unpredictable interest rates and limited purchasing power due to increasing debt.

Finance 472
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How reverse mortgages could improve financial stability for older homeowners

Housing Wire

HousingWire: As interest rates rise and borrowing becomes more expensive, how can offering reverse mortgages help lenders provide clients with a stable cash flow in an otherwise volatile market? What can lenders do to dispel this common misconception with their clients?

Mortgage 418
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Julia Connolly Presented with 2022 Fast Tracker Award

Lamacchia Realty

In her first full year with the company, Julia Connolly closed an impressive 16 properties, officially earning her the 2022 Fast Tracker award! Her work ethic immediately made her stand out as someone who is willing to put in the time and energy to grow her business and help her clients succeed. Congrats Julia!”

Realty 69