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Current Housing Inventory Insufficient For Aging Needs, Report Says

Despite a documented preference that older Americans have to age in place, the current housing inventory is inadequate to support the needs of an aging population. This is according to a report from MarketWatch in collaboration with Columbia University’s Age Boom Academy. Homes in which people raise their families may

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LoanDepot Begins Bringing More Systems Back Online After Cyberattack

Nonbank mortgage lender and servicer loanDepot has started to restore functionality to some of its technology systems impacted by an early January cyberattack. However, its operations remain impacted as it continues to investigate the incident. On Jan. 18, the company began to restore several impacted systems over the course of

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Patriot Bank To Pay $1.9M To Settle DOJ’s Redlining Accusations

Tennessee-based community bank Patriot Bank agreed to pay $1.9 million to resolve allegations from the Department of Justice (DOJ) that it engaged in redlining discriminatory practices. The DOJ alleged that from 2015 through at least 2020, Patriot avoided providing mortgage services to majority-Black and Hispanic neighborhoods in Memphis, Tennessee and

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Existing Home Sales Are Working From A Historic Low Bar

Today, we saw existing home sales slip a bit month to month, which isn’t surprising to me as purchase application data started its positive run in November. That data line typically looks out 30-90 days for sales — it doesn’t move as fast as some people think. Since making some

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California Hit With Yet Another Commission Lawsuit

Real estate professionals in California are facing yet another commission lawsuit. Filed on Thursday in U.S. District Court in Sacramento by Willsim Latham, LLC., the copycat suit alleges that real estate industry players have colluded to artificially inflate real estate agent commissions. The lawsuit names MetroList Services, the area’s MLS,

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Rising Risk Of A Home Price Double Dip In 2024

Local community developers bidding on foreclosures in the second half of 2023 are signaling a slowdown in U.S. home price appreciation in the first half of 2024, with a rising risk that appreciation will dip back into negative territory. The risk of a double dip in home price appreciation varies

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