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Ally Financial closes mortgage origination business

Housing Wire

Ally Financial announced Wednesday that it would exit the mortgage origination business as part of a broader strategy to pursue higher returns on investments. The company also plans to explore strategic alternatives for its credit card business in the first quarter of 2025. Bloomberg was the first to report the developments.

Business 418
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New objection to NAR settlement targets business practice changes, plaintiffs’ attorneys fees

Housing Wire

District Court in Kansas City — less than a month before the NAR settlement is slated for its final approval hearing — Monestier took issue with the business practice changes, saying they don’t do enough to protect consumers. In a document filed on Monday in U.S. The objection is 132 pages in length.

Business 468
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Title Success enters the M&A matchmaking business

Housing Wire

Those looking to sell their business have access to two listing options — a “standard listing” and a “featured listing.” Stanley , an owner of Title Success and the founder of Bowe Digital, said in a statement. Buyers looking to expand their agency’s footprint can easily access a vetted network of companies eager to sell.”

Business 433
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Florida Realtors’ Tim Weisheyer on using servant leadership to drive success in business

Housing Wire

The duo explore the concept of servant leadership for business success, relying on learning for long-term success, balancing technology usage with relationship building and the trade group’s top priorities for 2025. It’s still a relationship business. Our agents don’t have to go to five different platforms.

Realtors 384
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Leverage Trellis Court Data To Identify More Investment Opportunities

Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.

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Treasury halts business ownership information reporting

Housing Wire

A BOI reporting deadline of March 21 had been set for most businesses. Passed in 2021, the CTA aims to combat financial crimes such as tax fraud, money laundering and terrorist financing by requiring certain businesses to file a BOI report with FinCEN.

Business 330
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Education and problem solving are keys to reverse for purchase business, agents say

Housing Wire

The Home Equity Conversion Mortgage ( HECM ) for Purchase (H4P) program has long been positioned by reverse mortgage professionals as a viable path for expanding the base of reverse mortgage business. It’s just been a very good tool for my business as far as being able to sell more homes, Di Pasquale said.

Agents 397
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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) The process is quick and easy — and all in real time.