NRMLA opposes New York reverse mortgage disclosures bill

A bill that would seek to bolster the disclosures that reverse mortgage lenders make to potential clients in an effort to broaden their understanding of the product inside New York state is getting pushback from industry advocates. They argue that adding to and duplicating the currently required fed
Read MoreCoStar closes $1.6B purchase of Matterport

Roughly 10 months after it first announced the planned deal, CoStar Group said Friday that it has completed its acquisition of 3D digital mapping technology firm Matterport. CoStar paid $1.6 billion for the acquisition. “Matterport’s cutting-edge 3D capture and AI-powered property insights have alre
Read MoreUnion Home Mortgage acquires NRL Mortgage

Union Home Mortgage (UHM) on Monday announced its acquisition of Nations Reliable Lending, aka NRL Mortgage. The acquisition of Houston-based NRL will strengthen UHM’s book of business in Texas and southwest Ohio in particular. “Our company lives by the mantra of ‘Promises Kept,’ which not only incl
Read MoreCFPB contracting officer details ‘wholesale termination’ of key contracts

A person who describes himself as a contracting officer with the Consumer Financial Protection Bureau (CFPB) filed an affidavit in the U.S. District Court for the District of Columbia, saying that widespread cuts to contracts amount to an event that is likely to disrupt the functioning of the bureau
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