Taking a similar approach to Judge Patti B. Saris, who is overseeing the Nosalek suit, New York-based Magistrate Judge Robert W. Lehrburger has decided to stay the March and Friedman commission lawsuits. Both suits were filed in federal court in New York City and accuse real estate industry players of colluding to artificially inflate real estate agent commissions. There are roughly three dozen...
Global credit rating agency DBRS Morningstar this week assigned a “good” rating to Longbridge Financial, reconfirming the ranking the company first achieved in 2021. The rating is officially classified as “MOR RVO2” by Morningstar. The agency noted that in 2023, Longbridge acquired or originated more than 6,500 reverse mortgages for more than $1.1 billion in volume. Home Equity Conversion...
The great state of Texas may not be the first place that comes to mind when it comes to buying waterfront real estate, but a little town near Austin has been judged as the best one for it. That’s according to a new study from Virtual Staging AI, which named Lakeway, Texas, as the best location in the country for buying a waterfront home. Lakeway sits just west of Austin in the Hill Country and rests...
Ginnie Mae on Thursday released a new term sheet for its proposed Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) offering, which is an additional program that the company and reverse mortgage industry alike have referred to as “HMBS 2.0.” Last month at a National Reverse Mortgage Lenders Association (NRMLA) event, Ginnie Mae acting president Sam Valverde indicated that the term...
Some houses attract celebrities like a magnet. But very few boast a history of famous past owners that can compare to the roster of this secluded, 3.2-acre Malibu compound. The house’s list of past owners reads like a Hollywood’s “who’s who”: Grease star and four-time Grammy Award winner Olivia Newton-John lived here in the 1980s and early 1990s. Legendary actress and two-time Academy...
Including a full outdoor dining set for under $100. Better Home & Gardens / Francesca Fasciglione Target, how we love thee. Colorful, functional, and always friendly on the wallet, the retailer’s outdoor furniture section never fails to make our days and transform our porches and patios. From upgrades to full overhauls, elevating our outdoor spaces has never been easier—especially now,...
An expert weighs in on whether this popular #CleanTok hack can help or hurt your appliance. Getty Images / gerenme Recently, a viral #CleanTok trend caught our eye: Professional cleaners and ordinary homeowners alike have been taking to social media to show off their sparkling clean ovens, scrubbed with the small but powerful pumice stone. Otherwise known as a scouring stick, pumice stones have...
Get uniformly ground coffee beans (and thus better-tasting coffee) every time by keeping your coffee grinder neat. Kelsey Hansen There’s a good chance you own a grinder if you’re a coffee connoisseur. But what you might not realize is that old particles and oils of coffee beans can go rancid, clog the grinder, and wear the blades if you don’t regularly get rid of the stuck-on buildup by...
Experts say there are ways to protect your home from the damage caused by heavy rains and flooding, and they begin with prevention. Getty Images / Johner Images Early weather forecasts show a likelihood of increased flooding in parts of the United States. And already, there are several hurricanes predicted for Southern states, including Florida and the Carolinas. In short, homeowners should brace...
Not too long ago, any real estate pro would tell you that location should be your first consideration—but does this wisdom still apply? From Left: Max Kim-Bee; Joe Schmelzer. Does location still matter most? Should you remodel your home to suit your tastes, or for resale value? Are starter homes still a thing? We all have plenty of questions about the ever-changing world of real estate. In our...
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