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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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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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Reducing risk: Protecting your business from ransomware

Housing Wire

This strategy is particularly effective in defending your business against the increasingly prevalent threat of ransomware. Ransomware attacks have grown significantly more sophisticated over recent years, affecting businesses of all sizes and sectors.

Business 216
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FOA’s Kristen Sieffert talks about growing the business in 2025

Housing Wire

Growth in 2025 will come from additional optimization of business channels, she explained, and a focus on areas with significant upside opportunities. These milestones, combined with successful execution of our remaining operational initiatives, positioned us to close 2024 with our largest production month since 2022.

Business 320
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Leverage Trellis Court Data To Identify More Investment Opportunities

Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.

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Competition for HELOC business heats up as home equity grows

Housing Wire

John Toohig stood at a podium as the moderator of a panel about home equity lines of credit (HELOCs) and asked an illustrative question of the audience of mortgage professionals. How many of you have a mortgage first lien, 30-year with a 4% coupon or lower? A majority raised their hands.

Business 256
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9 savvy strategies to get more real estate referrals

Housing Wire

Real estate referrals are the lifeblood of most top producers’ businesses. In this article, you’ll find nine tried-and-true ways to start and grow your real estate referral business. We’ll first cover what a referral referral is and how they can benefit your business. Let’s get started!

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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.