Fed stands ready to accelerate tapering of mortgage purchases
Policymakers at the Federal Reserve are prepared to accelerate the Fed's timetable for tapering its support for mortgage markets if inflation continues to run higher than their objectives.
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Interfirst Mortgage to lay off nearly 50 LOs
Chicago-based Interfirst Mortgage Co. will lay off 77 employees in its Charlotte, North Carolina office come January 2022, a Worker Adjustment and Retraining Notification Act (WARN) notice filed by the company reveals. Among those getting a pink slip are 49 loan officers, 10 national account managers, seven retail sales managers and seven transaction coordinators.
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The State Where the Most People Are Behind on Their Mortgages
The American housing market is in the midst of a period of extraordinary price increases, driven by historically high demand. The carefully followed S&P Corelogic Case-Shiller Index shows that in August home prices rose 19.8% nationwide compared to the same month a year ago. Among the 20 cities the report tracks, the city with the largest jump was Phoenix at 33.3%.
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Fathom Adds Woodhouse Group to Network
Fathom Realty recently announced that the Woodhouse Group has joined Fathom with the addition of approximately 50 agents in the Idaho market. Effective immediately, Woodhouse Group agents will operate under the Fathom Realty umbrella. Terms were not disclosed.
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Fathom raises $32.7M to fund more acquisitions
End-to-end real estate services platform Fathom Holdings Inc. has raised nearly $33 million through a public stock offering that it will use primarily to acquire smaller real estate brokerages in new markets. Fathom integrates residential brokerage, mortgage, title, insurance and software-as-a-service (SaaS) offerings to brokerages and real estate agents, through brands including Fathom Realty, intelliAgent and Verus Title.
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Why Did Zillow (Really) Pull the Plug on iBuying?
Zillow Group's surprising decision to exit its Zillow Offers iBuying business left investors with more questions than answers. In this Fool Live video clip, recorded on Nov. 5, Fool.com contributors Matt Frankel and Jason Hall share their takes on what went wrong and why Zillow was so quick to pull the plug on the business they've referred to as a major future growth driver.
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Montana Court Affirms Summary Judgement for Title Company in Conveyance Dispute
The United States District Court for the District of Montana recently upheld a Magistrate Judge's recommendation for summary judgment for a title company, finding that coverage terminated when the insureds conveyed the property to their trust.
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Stewart Title shows no signs of slowing down expansion
Stewart Title has acquired Las Cruces Abstract and Title according to an announcement made Friday. Founded in 1926, Las Cruces Abstract and Title serves Dona Ana, Hidalgo and Luna Counties in southern New Mexico. This purchase is just the latest in Stewart's string of acquisition, as the company has looked to expand its share of the title insurance market. Earlier this month, the firm announced its acquisition of Rainier Title, bolstering its presence in the Pacific Northwest.
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