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Flagstar reports data breach affecting 1.5 million clients

Housing Wire

Hackers stole the personal information of 1,547,169 clients of Michigan-based Flagstar Bank in December, according to a document sent by the financial institution to the Office of the Maine Attorney General. million clients appeared first on HousingWire. The cyberattack occurred on Dec. 3 and Dec.

Clients 424
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Origins: When a reverse mortgage saved a client from bankruptcy

Housing Wire

But when a prospective client reached out directly to Rodriguez who at this point was in his late 20s he enlisted his companys help in forging a partnership with then-ubiquitous reverse mortgage lender Financial Freedom. You never forget your first At that time in the early 2000s, Rodriguezs company did not offer reverse mortgages.

Clients 329
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Michigan ERA franchise acquires another independent firm

Housing Wire

ERA Prime Real Estate was founded in 2017 by owner Willie Ray III. I’ve worked in real estate for more than two decades with a continuous focus on going the extra mile for clients, something that Willie and his team are also widely known for,” Pandoff said in a statement.

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Wells Fargo pays $96M to settle LO comp lawsuit

Housing Wire

Wells Fargo “failed to pay plaintiff and class members for all hours worked, including but not limited to, mandatory meetings, loan processing, training and coaching sessions, loan tracking, customer surveys, attending open houses, attending events and galas, and working on certain nights or weekends,” Kang’s complaint, filed in 2017, said.

Legal 488
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What are the potential home equity and tax strategies for wealthy seniors?

Housing Wire

Certain clients can use home equity to pay the taxes on such a conversion, which would include comparing mortgage rates and the projected level of home price appreciation “against the projected growth of income-tax-free Roth assets and whether the client expects to be in a higher tax bracket in the future,” Resch told the outlet.

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Jeff Nelson returns to Guaranteed Rate after a two-year absence 

Housing Wire

“Over the past couple of years, I have learned that Guaranteed Rate is truly the company with all the tools and the platform to help originators grow their business and provide the best service for customers and clients.” Since leaving Guaranteed Rate, Nelson held executive positions at Nations Lending and Movement Mortgage.

Retail 430
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The Real Brokerage surpasses 20,000 agents

Housing Wire

Our growth demonstrates that we’ve filled a void in our industry, and it makes me even more determined to pursue our mission of changing the real estate experience for our agents and the clients they serve.” The California-based team serves clients in the San Joaquin Valley and closed $98 million in sales volume in 2023.

Brokerage 443