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Author name: Ricky Vasquez

Fannie Mae: Consumer housing market sentiment hits 2025 high point

Fannie Mae, Home Purchase Sentiment Index, Homebuyers, Housing Market, Housing Market Data, HWmember, Mortgage Rates /

U.S. consumer sentiment toward the housing market improved in May and reached its highest level since November 2024, according to Fannie Mae. Fannie Mae’s Home Purchase Sentiment Index (HPSI) rose 4.3 points to 73.5 last month, driven by increased optimism about home buying and selling conditions and expectations that mortgage rates may fall in the […]

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11 clever ways to use ChatGPT for real estate in 2025 (+ prompts)

Real Estate, Real Estate Technology, Vetted by HousingWire /

Unless you’ve been living among the Amish, you’ve probably already tried ChatGPT for your real estate business. Most agents we work with have, but usually to write listing descriptions packed to the gills with fluffy language and way too many em dashes. Sound familiar? If so, you’ve barely scratched the surface of what ChatGPT can

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CrossCountry Mortgage ordered to pay $2.1M in age discrimination case

CrossCountry Mortgage, Discrimination, HWmember, Lawsuit, Legal, Mortgage, Ohio /

An Ohio appeals court has upheld a jury’s decision that orders CrossCountry Mortgage (CCM), the nation’s eighth-largest mortgage lender, to pay $2.1 million to a former senior accountant who was allegedly fired due to her age.  Cheryl Shephard, who joined CCM in 2016, filed the lawsuit in October 2022 against the company and its vice

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AI training could be alienating, leaving out older adults

AARP, Artificial Intelligence, HWmember, Kiplinger, Reverse, Technology /

Technology disruptions often arrive quickly and loudly, as has been the case with recent evolutions in artificial intelligence (AI). The use of AI-powered chatbots and devices could reshape the way people live and work for decades to come. But with any new major technological shift also comes the possibility that some people will be left

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Brokers agree on broad exposure for real estate listings

Clear Cooperation, HWmember, Mauricio Umansky, Real Estate, The Agency, The Gathering, The Gathering 2025, Zillow /

Real estate industry executives may not see eye to eye on the National Association of Realtors‘ (NAR) Clear Cooperation Policy (CCP), but there is one thing they do agree on — the vast majority of sellers receive the most benefit from listing transparency and broad exposure of their listings.  “The average people that our agents

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Title365 buy allows Covius to expand origination loan focus

M&A, Originations, Servicing, Title insurance, Underwriting /

By acquiring Title365, Covius Services, whose product offerings including title and settlement services primarily on defaults, will be expanding its presence on the origination side, a company executive said. It complements Covius’ existing expertise in providing title services for defaults, Pete Pannes, chief business officer, said. “Second, there were significant technical integrations that we’ve been

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Jim Banks

Exclusive: Sens. Banks, Cortez Masto to offer FHLB pay bill

FHFA, FHLB, Housing, Politics and policy /

Sen. Jim Banks, R-Ind., joined Sen. Catherine Cortez Masto, D-Nev., in sponsoring a forthcoming bill that would allow the Federal Housing Finance Agency to set executive compensation rules for leaders at the Federal Home Loan banks.Bloomberg News WASHINGTON — Sens. Jim Banks, R-Ind., and Catherine Cortez-Masto, D-Nev., are introducing a bill that would allow the

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State regulator slaps mortgage brokerage with $185K fine

Industry News, Law and legal issues, Regulation and compliance /

A Washington state financial regulator slapped a $185,000 fine on mortgage brokerage Xpert Home Lending, and will revoke its ability to originate loans in the state if the firm does not follow an agreed upon consent order. The mortgage broker was accused of a handful of infractions including failing to license a number of its

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Trump rolls back some Biden cyber and fraud directives

Cyber security, Fraud, Technology, Trump administration /

President Donald Trump has signed an executive order that claws back a number of fraud-related mandates by his predecessor, who the Trump White House claimed had engaged in “censorship” and enabling illegal immigration. The order, which was signed on Friday, preempts multiple efforts initiated by former President Joe Biden in the waning days of his

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