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2023 New Home Sales Helped The Economy Avoid A Recession 

People say that housing leads the economy into a recession: this is true when new home sales and housing permits fall together. When that happens, the builders start laying off workers before the national economy goes into a recession. This is one reason I raised my fifth recession red flag

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A&D Mortgage Expands Operations In Arkansas And Mississippi

Nonqualified mortgage (non-QM) wholesale lender A&D Mortgage has obtained licenses to originate loans in Arkansas and Mississippi, the company announced on Thursday.  “This expansion is not only about growing our business; it’s about wholeheartedly bringing A&D Mortgage’s unwavering commitment to top-notch service, highly competitive rates, and tailored loan solutions to

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Online Lender Slapped For Allegedly Deploying Unlicensed LOs

California-headquartered LoanSnap was hit with a temporary order to cease and desist from Connecticut’s Department of Banking for “systemic” unlicensed mortgage loan origination activity. Connecticut Banking Commissioner Jorge Perez alleged that LoanSnap violated the Truth in Lending Act (TILA) and Fair Credit Reporting Act (FCRA). But the crux of the

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Homebuilders End 2023 On A High Note

Sales of new single-family homes surprised in December, exceeding consensus expectations of 649,000. New home sales reached a seasonally adjusted annual rate of 664,000, according to data published on Thursday by the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). This strong finish to 2023 is

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NAR Rival, MLSs Reach A Settlement Agreement Over Pocket Listings Ban

The and three of the nation’s largest multiple listing services have reached a settlement agreement in their ongoing legal battle. According to court documents filed on Wednesday, The (the “P” stands for property and not pocket), has reached a settlement agreement with Bright MLS, Midwest Real Estate Data

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