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NAMB urges FHA to end lifetime mortgage insurance rule

The National Association of Mortgage Brokers (NAMB) is urging the Federal Housing Administration (FHA) to end its “life of loan” mortgage insurance rule and let borrowers cancel premiums once they’ve paid down their loan to 78% of their home’s value. NAMB believes the policy is outdated and unfair. Current rules mean that many FHA borrowers […]

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Luxury Presence raises $37M to push CRM platform development

Luxury Presence has raised $22 million in a Series C equity financing round, led by Bessemer Venture Partners, and secured an additional $15 million in debt financing from J.P. Morgan. New funding will support development of Luxury Presence’s new artificial intelligence (AI)–driven customer relationship management platform — Presence CRM. “High-performing agents have years of business

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