Remove category fair-housing
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Key housing markets are starting to buck national trends: Redfin

Housing Wire

Cape Coral, Florida, led the way in this category with supply growth of 51%. Price growth may cool slightly in the coming months if mortgage rates stay high or rates might fall slightly — but overall housing costs are likely to remain elevated for the foreseeable future.” Redfin reported that among the 10 U.S.

Marketing 417
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The rising tide of house prices: Avoiding the flood

Housing Wire

They changed the phrase to “a rising tide lifts all yachts,” sarcastically suggesting a society with vast disparities in wealth and assets and little by way of fairness. While the tide analogy was meant to refer to the entire economy, it works well in the housing sector as well. The average gig worker makes $29,000 per year.

Equity 387
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Bright MLS Wins Award for ‘Open Housing Marketplace’ Campaign

RIS Media

Bright MLS has announced that its “Open Housing Marketplace” campaign, designed to increase awareness about a fair housing market, has been selected as a two-category winner (Responsible Technology and Diversity, Equity and Inclusion) in the 3rd Annual Anthem Awards.

MLS 116
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UWM gave brokers big discounts to play with. It could be risky

Housing Wire

Mortgage compliance attorneys interviewed by HousingWire said the program, dubbed “Control Your Price,” raises potential areas of concern across three subjects: rules that govern loan officers’ compensation; fair lending; and unfair, deceptive and abusive acts and practices. “It’s not necessarily a problem. .

Lending 369
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FHFA opens fintech office and seeks feedback on mortgage fintech

Housing Wire

billion five years ago, per the Federal Housing Finance Agency — closing a mortgage loan has since gotten more expensive, not less. The FHFA asked the public to help it identify “barriers” to implementing fintech in the housing finance ecosystem. But that scenario is a long way off. billion in 2021, up from $0.4

Mortgages 382
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Mortgage group asks regulators to stop FICO’s price hikes of up to 400%

Housing Wire

22, the National Consumer Reporting Agency told its members that the “vast majority” of mortgage lenders would see price increases between 10% and 400% from Fair Isaac Corp. In a letter dated Nov. ” FICO’s explanation. .”

Mortgages 395
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Loan officers are dramatically cutting their pay to win clients. It’s often illegal. 

Housing Wire

Evolution of the LO Comp rule In the wake of the housing crash in 2008, the CFPB created new rules that reshaped how loan officers were compensated. But the CFPB did allow loan officers to be compensated differently based on lead sources, which do not fall under the category of terms or proxies and are neither a right or an obligation.