Home-equity lending blossomed in 2023

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%.The popularity of home equity lines of credit (HELOCs) and closed-end
Read MoreSitzer/Burnett filing deadline results in a squall of post-trial motions

Monday was the final date for parties to file post-trial motions in the Sitzer/Burnett commission lawsuit and litigants took it down to the wire to file their motions. The parties had since Oct. 31, 2023, when a Missouri jury found the National Association of Realtors, HomeServices of America, and K
Read MoreBankruptcy judge approves Celink stipulation in RMF bankruptcy case

The presiding judge in the ongoing bankruptcy case of Reverse Mortgage Funding (RMF) has approved a stipulation that would resolve an administrative claim made against the company’s estate by reverse mortgage servicing company Celink, authorizing both companies to consummate the agreement.The new ag
Read MoreColdwell Banker welcomes Austin-based luxury brokerage

Boutique luxury brokerage Tate Property Group has joined Coldwell Banker, the company announced last week. The Austin, Texas-based brokerage was founded in 2008 by Pat Tate, who will be jumping to Coldwell Banker with her son, Drew Tate, and three other agents. The group will relocate to the Coldwel
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