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Rithm teams up with investor to buy up to $1.5B in residential transitional loans

Housing Wire

billion in residential transitional loans (RTLs). RTLs are short-term loans designed for real estate investors who aim to fix and flip or construct residential properties. Rithm Capital , the parent company of multichannel mortgage lender Newrez , has struck a deal with an institutional investor to potentially acquire up to $1.5

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NWMLS launches voice-activated home search tool

Housing Wire

The Northwest Multiple Listing Service (NWMLS) has launched a new bilingual, voice-activated home search tool designed to make real estate listings more accessible to a wider range of users, including people with disabilities. “This partnership reflects our ongoing commitment to inclusivity, accessibility, and innovation in real estate.”

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Class Valuation unveils appraisal review tool

Housing Wire

Class Valuation has launched a new appraisal review product designed to bring greater clarity and oversight to residential valuations. The new tool, Class Valuation Analysis (CVA), offers licensed appraiser-led reviews of existing appraisal reports by incorporating automated valuation model (AVM) technology. “In

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Outsourcing for efficiency: How SitusAMC is enhancing primary market origination with third-party resources

Housing Wire

To tackle increased origination demand without over-prioritizing one market, mortgage originators must rely on solutions designed to cut primary market expenses and create more secondary market mobility. Originators dont consider the secondary market, even though those loans will most likely shift into the market down the line. Click Here

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LoanSnap troubles continue as California revokes its lender license

Housing Wire

A California regulator has revoked the residential mortgage lending license of LoanSnap , the latest in a series of difficulties for the fintech lender. That policy, which is designed to protect consumers from lender fraud and financial risk, expired in early August.

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HouseSavings.com launches flat-fee, low-commission listing platform

Housing Wire

The company’s model features three residential listing packages — two flat-fee options starting at $999, and a virtual full-service package with a 1% commission paid at closing.

MLS
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Developer sues Denver over requirement to pay into affordable housing fund

Housing Wire

The company, redT Homes , states that it’s the Denver areas only residential real estate development company […] offering a full suite of services, ranging from land acquisition and entitlement to design, architecture, and construction along with real estate-focused marketing and sales.