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OpenAI CEO sues developer over $27M ‘lemon’ he bought in 2020

Inman

OpenAI boss Sam Altman sued embattled developer Troon Pacific over shoddy workmanship that allegedly included defects in a pool's waterproofing and a so-called "Batcave," according to reports.

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Housing affordability drops slightly from 4Q 2020

Housing Wire

of homes sold in the fourth quarter of 2020 that were affordable to households earning the median income of $78,500. “After a surprising gain for housing affordability in 2020 that was driven by historically low interest rates, housing emerged as a bright spot for the overall economy,” said NAHB Chairman Chuck Fowke.

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Japanese luxury-home developer plans U.S. IPO

Housing Wire

a developer of luxury single-family homes and condominiums, which also has residential leasing operations in Dallas, is looking to raise up to $30 million via the U.S. IPO to continue developing its business operations in Japan, to expand a startup online listing network and for general corporate purposes. stock market. stock exchange.

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Guild appoints its first VP of diverse talent development

Housing Wire

Guild Mortgage announced on Thursday the appointment of Lamont Watson as the company’s first vice president of diverse talent development. Improving talent development processes, including mentorship and career advancement opportunities, will be a key priority to attract and retain diverse talent, the company said.

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Wow — 6 million existing home sales! However, context is key with 2020 housing market data

Housing Wire

With that in mind, I would like to revisit my 2020 thoughts on the U.S. No doubt about it, the COVID crisis has taken some juice out of the 2020 housing market. The big question for the rest of 2020 is whether or not we will get total home sales of 6.2 The February housing data, pre-COVID, was juicy indeed.

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OCC moves to rescind 2020 version of CRA rule

Housing Wire

The Office of the Comptroller of Currency announced today that it is moving to gut the controversial Community Reinvestment Act (CRA) rule issued in 2020. The post OCC moves to rescind 2020 version of CRA rule appeared first on HousingWire.

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2020 HW Tech Trendsetter: Lindsay Bhandari

Housing Wire

She is responsible for the technology delivery and strategic development of Fannie Mae’s trading, conduit, pricing and structured transactions technology platforms. The portal received a 2020 Stevie Award for Top FinTech solution. The post 2020 HW Tech Trendsetter: Lindsay Bhandari appeared first on HousingWire.