Real Brokerage pulls out the stops to prep for new commission rules

The new rules mandated by the National Association of Realtors‘ (NAR) settlement of class-action lawsuits related to buyer agent commissions take effect in just two days, and brokerages and MLSs are scrambling to find the best ways to implement them.The Real Brokerage is going all out to prepare its
Read MoreFHFA is highly vulnerable to hacking threats: OIG

The Federal Housing Finance Agency (FHFA) Office of the Inspector General (OIG) has warned the agency that it has serious network security deficiencies that leave its computer systems vulnerable to hacking, based on “penetration testing” the OIG performed. This is according to a report issued by the
Read MoreWaterfall: Reverse MSR deal with Onity showcases commitment to reverse mortgages

Onity Group, parent company of top five reverse mortgage lender and servicer Liberty Reverse Mortgage, will acquire reverse mortgage assets from Mortgage Assets Management, LLC (MAM), a subsidiary of investment funds managed by Waterfall Asset Management.The deal, initially announced by Onity during
Read MoreALTA responds to CFPB’s inquiry on mortgage fees

The American Land Title Association is making it clear that it won’t have the Consumer Financial Protection Bureau making drastic changes to title insurance without first at least hearing the trade groups thoughts on the issue.In a 15-page letter sent to CFPB Director Rohit Chopra on Aug. 2, the tra
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