Author name: Ricky Vasquez

Economic activity edges higher amid mixed consumer signals

Economic activity increased modestly since early July, with 10 of 12 Federal Reserve districts reporting growth in the slight to moderate range and two reporting no change, according to latest Beige Book data. Financial conditions improved slightly as loan volumes remained solid or increased across most districts. Residential construction declined, while nonresidential construction increased on […]

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Atlantic Avenue Mortgage tops June HECM broker rankings

Atlantic Avenue Mortgage widened its lead atop the Home Equity Conversion Mortgage (HECM) broker and third-party originator endorsement rankings in June, nearing the 1,000-endorsement threshold with a 12-month rolling total of 994. That’s according to a report released Thursday by HECMWorld. Atlantic Avenue’s total rose from 978 the prior month, according to the report, which

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Objector petitions for rehearing in NAR settlement appeals

Copycat commission lawsuit plaintiff Robert Friedman has filed a petition for a rehearing after his appeal of the final approval of the settlements in the Sitzer/Burnett and Gibson suits was turned down.  In rulings in mid-August and early September, three-judge panels for the Eight Circuit Court of Appeals reaffirmed the final approval of the National

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