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Resistance to Change?

George Dell

Personal change is difficult. And a remote control with 27 buttons which can control room […] The post Resistance to Change? I like my old comfy chair. A new chair must be broken in. Uncomfortable! But the new chair does stuff. New stuff. It has automatic, adjustable features.

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HomeServices settles commission lawsuits for $250M

Housing Wire

HomeServices of America , the last remaining brokerage defendant in the landmark Sitzer/Burnett antitrust commission case , has agreed to pay $250 million in damages to settle lawsuits that will change agent compensation across America. The New York Times first reported the story. The jury verdict came to $1.76 billion in damages.

Brokerage 449
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Change: Threat, or Opportunity?

The Appraiser Coach

I talk a lot on this blog about change. That’s partly because so much change has happened just during my time as an appraiser. This industry is seemingly in an almost constant state of change! Change seems to be one of the only things we can expect to truly stick around. Change presents new challenges to be overcome.

Appraisal 195
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As a ‘higher-for-longer’ rate scenario unfolds, how is the mortgage industry adapting?

Housing Wire

We’re back in the land of 7%-plus mortgage rates,” Will Chang, Pennymac ’s senior managing director and chief investment officer, said in an interview with HousingWire. Chang said that some industry professionals had thought that at least “a little bit” of refinancing volume would come back this year, but “that’s gotten pushed out.”

Mortgage 444
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Agents and LOs, here are 6 strategies for navigating a down real estate market

Housing Wire

As industry professionals grapple with uncertainties, market shifts and evolving dynamics, the key to thriving lies not only in adapting to change but also in embracing it as an opportunity for growth. Facing a challenging housing market can be daunting for agents and loan officers alike.

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FHFA Director Thompson speaks out to correct LLPA misinformation

Housing Wire

The Mortgage Bankers Association has has said the industry is still adjusting to earlier changes, including increases to LLPAs on some second homes and high-balance loans, as well as waivers for first-time homebuyers and several high LTV programs. No change is more controversial than the LLPA tied to a borrower’s debt-to-income ratio.

Mortgage 382
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Opinion: Has the title industry reach the automation tipping point?

Housing Wire

What changed? What spurred this newfound quest to fully automate title operations after decades of resistance? Thin margins have long been synonymous with title operations, making them — along with the majority of the real estate industry — vulnerable to dips in transaction volume or rapidly-changing market conditions.