The pending agreement won't significantly impact commissions payments themselves, attorneys for the association said. https://www.nationalmortgagenews.com/news/national-association-of-realtors-settles-commissions-case-for-418m
NextGenMortgage
MCS buys Five Brothers, adds reverse mortgage services
Combining the two property preservation firms brings specialized technology and capabilities that Five Brothers has to MCS and broadens the operations of both. https://www.nationalmortgagenews.com/news/mcs-buys-five-brothers-adds-reverse-mortgage-services
Finance of America receives second delisting notice from NYSE
The company, which has paired down its operations to concentrate on reverse mortgages, got a similar notice in December. https://www.nationalmortgagenews.com/news/finance-of-america-receives-second-delisting-notice-from-nyse
FFIEC suggests checks on firms’ appraisal bias controls
The guidelines come as lenders face lawsuits over alleged discriminatory valuations. https://www.nationalmortgagenews.com/news/ffiec-suggests-checks-on-firms-appraisal-bias-controls
How Freddie Mac’s repurchase alternative pilot is working
The Mortgage Bankers Association would like Fannie Mae to move toward the fee-based structure Freddie is testing. https://www.nationalmortgagenews.com/news/how-freddie-macs-repurchase-alternative-pilot-is-working