Embattled lender LoanSnap has lost its lending license in yet another state this month. The California Department of Financial Protection and Innovation revoked LoanSnap’s license after it failed to renew its surety bond. The bond is meant to protect consumers from lender fraud and financial risk. It expired in August. The department told LoanSnap its…
By NICOLE MURRAY With Americans analyzing every dollar they spend to make it in today’s economy, some people are wondering what they should do when it comes to housing. Home prices and interest rates are high, but so are rents. At the same time, many people have been conditioned to believe homeownership is economically better…
By CHRIS BARSTEIN Homeownership: the American Dream. For so many adults, our homes not only fulfill the dream, they also are our most significant single purchase and our greatest investment. They’re where we build lives, families, and memories. Then, it happens. We age and, almost without warning, that dream starts to become a burden. This…
By NICOLE MURRAY The holiday season can be a tricky time of year in the real estate industry. For many agents, business slows down because people generally don’t want to sell, buy, or move during peak celebrations. But whether it be a new job or a life update, buying and selling during the holiday…
By KIMBERLEY HAAS A multistate settlement has been reached after a testing error led to the unauthorized withdrawal of $2.3 billion from the accounts of nearly 480,000 mortgage holders serviced by Mr. Cooper. ACI Payments, a processor for a variety of third-party clients, erroneously initiated the electronic withdrawals in April of 2021, causing consumers stress…
By NICOLE MURRAY The joy and satisfaction of buying a home has been diminished because of remorse for many Americans. Experts say it doesn’t have to be this way. Due to bidding wars, rising interest rates, and a scarcity of options, in recent years homebuyers put themselves under pressure to make quick decisions about the…
By PATRICK LAVERY In a Hunterdon County, New Jersey, strip mall long characterized by higher-end retailers like Ulta Beauty and Talbots, one trio of newer storefronts may seem incongruous. Start at Axeiom, a women and LGBTQ+-focused axe throwing space, then walk a few steps to Aunt Mary’s, a cannabis dispensary opening first for medical cardholders…
By KIMBERLEY HAAS The 26-year-old CEO of Alpha Capital Funds has plans to buy multi-family properties throughout the state of Connecticut with the goal of acquiring 500 units by the end of 2023. Tyler Smith, who says he was always hustling, started his career investing in real estate when he was still a student at…
A new study from United Van Lines found Americans moved to lower-density areas to be closer to their families in 2021. The study, which uses data from the migration patterns of United Van Lines customers, found Vermont and South Dakota had the highest inbound migration, at 74% and 69%, respectively. South Carolina (63%), West Virginia (63%), and…
By KIMBERLEY HAAS Officials from the U.S. Department of Justice have announced a settlement in a lawsuit against a Connecticut town that refused to allow the operation of a group home for people with mental health disabilities. The DOJ lawsuit alleges officials in Wolcott, Conn. violated the Fair Housing Act when they denied a special…
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