HousingWire

• Side seeks more than $4 million from Alexander brothers, Official Partners
  White-label brokerage Side is seeking more than $4 million from the Alexander brothers and the brokerage Official Partners for allegedly defaulting on a loan.
• How the “lavish” comp and perks NAR leaders enjoy compares to other housing trade groups
  NAR's volunteer leaders receive financial benefits that no other nonprofit in the housing space—including the MBA—comes close to matching, 990 filings reveal.
• Fannie Mae’s new version of DU to focus on credit risks
  A new version of Fannie Mae's Desktop Underwriter arrives in January with a series of changes for evaluating credit risk from borrowers.
• Rate announces revamp of reverse mortgage division with industry veterans
  Rate has announced a shakeup in its reverse mortgage division’s leadership by appointing two longtime industry veterans to lead the company’s efforts with older borrowers.
• 10.5 million borrowers at or over age 65 still have forward mortgages
  Though many older homeowners own their properties free and clear of a mortgage payment, 10.5 million seniors still have a forward mortgage.
• Credit reports will be at least 20% more expensive in 2025, frustrated mortgage execs say
  Lenders have yet to see price increases from credit providers. However, in planning for 2025, many have already started factoring in higher credit reporting costs.
• FHA wants added flexibilities for borrowers renting out a bedroom
  The proposal would add underwriting flexibilities for FHA-insured loan applicants receiving rental income from boarders.
• HSBC commits $25M to NCRC partnership following redlining allegations
  HSBC has agreed to direct $25 million over the next four years to support underserved communities in an agreement with the National Community Reinvestment Coalition (NCRC).
• 76% of home sellers say real estate agents are absolutely worth it
  A new report from Clever reveals that about three-quarters of recent sellers still believe full-service real estate agents are the best way to sell a house.
• Antitrust lawsuit over MLS access dismissed in California
  The National Association of Realtors (NAR) is getting a temporary reprieve from the latest antitrust suit it’s fighting regarding “three-way membership agreements” for MLS access. On Monday, the complaint filed earlier this month in U.S. District Court in Los Angeles by John Diaz was dismissed by Judge Dolly Gee. According to the judge’s ruling, the complaint […]