Fathom stays optimistic about agent compensation plan even as losses mount
Fathom Holdings Inc. is under pressure to turn its business around, and CEO Marco Fregenal thinks its new agent compensation model can do that.On the company’s first-quarter earnings call on Tuesday, Fregenal touted Elevate, which provides agents with a 20% commission split and support systems to st
Read MoreWhy foreclosures are still below pre-pandemic levels
According to the most recent credit data from the New York Fed, foreclosure data for the housing market is still below 2019 levels. Although foreclosure rates rose in the last quarter, we are far from the stressful levels that we saw during the run-up to the housing bubble crash in 2008. Credit data
Read MoreAppraisal Institute executive accused of harassment withdraws from public appearances

The Appraisal Institute (AI) executive who’s been accused of sexual misconduct by multiple women has decided to keep a lower profile.AI Vice President Craig Steinley will cease making public appearances after an expośe by the New York Times detailed accusations against him of inappropriate comments
Read MoreTexas Capital Bank appeals case against Ginnie Mae over reverse mortgage collateral

After lawsuit challenging the government’s authority to extinguish stakes in securitized Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgages (HECMs) was recently decided in favor of Ginnie Mae, the plaintiff in the case has made good on its promise to appeal the decision.Tex
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