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Ally Financial closes mortgage origination business

Housing Wire

Ally Financial announced Wednesday that it would exit the mortgage origination business as part of a broader strategy to pursue higher returns on investments. The company also plans to explore strategic alternatives for its credit card business in the first quarter of 2025. Bloomberg was the first to report the developments.

Business 418
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Zillow’s mortgage business is growing. Lenders beware

Housing Wire

Zillow is moving full speed ahead with an ambitious expansion of its mortgage business, leveraging its housing tech innovations to potentially reshape how modern homebuyers finance homes. billion in purchase mortgage business, not far off a top 50 spot on the mortgage leaderboard. That’s an annualized $3.2 Not even close.

Business 459
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New objection to NAR settlement targets business practice changes, plaintiffs’ attorneys fees

Housing Wire

District Court in Kansas City — less than a month before the NAR settlement is slated for its final approval hearing — Monestier took issue with the business practice changes, saying they don’t do enough to protect consumers. In a document filed on Monday in U.S. The objection is 132 pages in length.

Business 468
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Title Success enters the M&A matchmaking business

Housing Wire

Those looking to sell their business have access to two listing options — a “standard listing” and a “featured listing.” Stanley , an owner of Title Success and the founder of Bowe Digital, said in a statement. Buyers looking to expand their agency’s footprint can easily access a vetted network of companies eager to sell.”

Business 434
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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) The process is quick and easy — and all in real time.

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How to leverage a growth mindset to drive our industry (and your business!) forward

Housing Wire

With thoughtfully designed tools to drive better conversion rates, automate social media marketing, and streamline time consuming tasks, technology is a key enabler to business growth, but only when fully maximized. Agents need to move beyond a fixed mindset when it comes to technology and invest the time to learn the platform.

Business 447
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Education and problem solving are keys to reverse for purchase business, agents say

Housing Wire

The Home Equity Conversion Mortgage ( HECM ) for Purchase (H4P) program has long been positioned by reverse mortgage professionals as a viable path for expanding the base of reverse mortgage business. It’s just been a very good tool for my business as far as being able to sell more homes, Di Pasquale said.

Agents 397