New York poised to expand CRA rule to nonbank lenders New York State is close to approving a controversial bill that expands the requirements of the state community reinvestment act (CRA) to non-depository lenders, following the lead of Massachusetts and Illinois. The CRA rule, enacted in 1977,

Why brokerages and mortgage lenders are rushing into JVs The excited and at times nervous first-time homebuyers that James Dunn often represents ask him how that whole process of taking out a mortgage works, and Dunn, a Los Angeles-based real estate agent with eXp, replies with a few trusted na

Rocket Pro TPO redesigns pricing calculator for brokers In the face of a serious housing shortage, exceptional service from brokers is more important than ever. With forced bidding becoming the new norm, top brokers understand the importance of providing loan pricing with speed and certainty. 

HW+ Member Spotlight: Karen Mayfield This week’s HW+ spotlight features Karen Mayfield, head of National Retail Sales at Wyndham Capital Mortgage. In her role, Mayfield is tasked with expanding on the company’s digital roots into the retail mortgage environment. With more than two dec

Charlie Oppler: DOJ needs to honor agreement with NAR You should be able to count on the Department of Justice (DOJ) to honor an agreement. And yet, in a complete breach of commitment and legal precedent, the DOJ backed out of an agreement with the National Association of Realtors (NAR) that w

Recruiting the next generation of appraisers The appraisal industry’s lack of diversity — in terms of age, gender and ethnicity — and the growing number of appraisers exiting the profession as they reach retirement age have been well-documented issues. But now that the industry is keenly

Endpoint secures 0 million from First American Endpoint secured an additional $150 million in funding from its parent company, First American Financial Corp. The latest investment will allow Endpoint to augment its technology team, further invest in title and settlement automation, and expand its c

DOJ, OCC, CFPB pledge to combat “modern-day redlining” Attorney General Merrick Garland The Department of Justice, the Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau are teaming up in a new initiative to combat redlining. The Civil Division of the

TitleEase adds new franchisee Title and settlement services franchise business TitleEase added a new franchisee, a collaboration between Northwind Financial, a lender for private commercial real estate transactions and residential loans, and CFSI Loan Management, a provider of construction loa

National Title & Escrow opens fifth location National Title & Escrow, based in Dexter, Mo., is opening a new office in nearby Sikeston, the company’s fifth location. The Sikeston location is the second new National Title location in the last 12 months. Read on for more. Source: