Author name: Ricky Vasquez

Newrez agrees to $15.5M settlement over forced-place insurance

Newrez has agreed to pay $15.5 million to resolve a multistate examination that found the mortgage servicer improperly charged some borrowers for lender-placed insurance despite having evidence of existing homeowners insurance, according to a settlement agreement signed Wednesday. The settlement agreement, reached with state mortgage regulators in 46 states and the District of Columbia, includes […]

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The next phase of The Real Brokerage’s AI is replacing the work, not the agent

The Real Brokerage is rolling out Leo 2.0, an AI assistant built into its proprietary reZEN platform that automates back-office work, marketing and lead generation for agents. The system — in beta with thousands of agents — represents what Chief Technology Officer Pritesh Damani described as a fundamental shift in how technology should serve real

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Inventory is down year over year, but months of supply says the market is functioning

Housing inventory is down year over year, and price growth stands at 2.0% per the NAR existing home sales report. That combination might seem bad for affordability, but the truth is housing inventory is back at a healthy level, with price growth still in check and below wage growth, which ran at 3.2% in the

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