The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance. https://www.nationalmortgagenews.com/news/better-com-pivots-loan-officer-compensation-after-q4-loss
NextGenMortgage
Biden’s speech elicits mixed reaction from housing industry
Regulatory reform – rather than Biden's proposed solutions – is needed to fix the inventory crisis, some say, but others applauded the president's buyer cost-cutting initiatives. https://www.nationalmortgagenews.com/news/bidens-speech-elicits-mixed-reaction-from-housing-industry
CFPB’s mortgage ‘junk fee’ blog draws ire and praise
While some said the agency was ignorant of its own rules, one trade group praised the goals of the posting. https://www.nationalmortgagenews.com/news/cfpbs-mortgage-junk-fee-blog-draws-mixed-reviews
How the U.S. Treasury can safely boost homeownership
Continued failure to bring Fannie Mae and Freddie Mac out of conservatorship will lead to see-saw mortgage policy every time the White House changes hands, which is against the intent of the GSE statutes that indicate a desire for stable secondary markets, writes the Principal at public affairs...
NAR changes commissions rules with $418M settlement
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