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NAF rebrands initiative designed to boost Black homeownership

Housing Wire

Multichannel mortgage lender New American Funding (NAF) announced this week the relaunch of its initiative designed to recruit, educate and expand loan officer understanding around issues faced by borrowers of color as “ NAF Black Impact.”

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MORE AMORIN INFLUENCE (MAI): The AI National Nominating Committee Design Is Being Attacked By FOJs

Miller Samuel

To all members of the Appraisal Institute: Before I start, I wanted to share what the Appraisal Institute's MAI designation is referred to by many of its members. I learned these two from an MAI instructor years ago (pre-merger) who told our class (as if to motivate us?) that MAI stands for: MORE ANNUAL INCOME. MADE AS INSTRUCTED.

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Why a California law to create housing units hasn’t worked

Housing Wire

SB 9 was designed to inject supply into what is arguably America’s most challenging housing market , but that has yet to happen. Maybe the most successful housing legislation in the state relates to accessory dwelling units , which has resulted in about 80,000 permits being granted since 2016.

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Mortgage rates rise from record low to 2.84%

Housing Wire

Fannie Mae’s Home Purchase Sentiment Index , a composite index designed to track the housing market and consumers’ desire to sell or buy a home, also revealed consumers and the industry alike are confident that a low rate environment will hold.

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Wells Fargo pays $96M to settle LO comp lawsuit

Housing Wire

The lawsuit, which combined two legal actions that were designated a class action, was filed on behalf of 5,377 loan officers and other mortgage staffers employed by the bank in California from 2013 and 2019. Wells Fargo agreed to pay $95.7 The deal will provide $62.8 A settlement with the U.S.

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Real’s roster grows ever larger with addition of 400-agent Amerivest Realty

Housing Wire

The acquisition is designed to better position Real as a leader in the digital brokerage space. Ballarino began his career in 1994 with Winfield Associates , Amerivest’s predecessor, taking ownership of Amerivest in 2016. He has held multiple leadership roles with the Florida Association of Realtors.

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Fintech Maxwell launches POS feature that offers tailored workflows for lenders

Housing Wire

Unlike off-the-shelf POS solutions, Blueprint Builder allows lenders to customize technology that is designed to help improve operations, Maxwell noted. Since launching in 2016, Maxwell has used technology to streamline and accelerate the mortgage process for more than 300 banks, credit unions and other lenders on its platform.