GAO highlights reverse mortgage counseling in new report

Older adults and people with disabilities are often prone to financial distress, and they may require more resources to better understand their circumstances and options, according to a new report from the Government Accountability Office (GAO). Among a series of 24 examples of federal financial lit
Read MoreSurvey shows that discrimination in housing persists: Zillow

The majority of respondents to a recent Zillow survey said they have experienced discrimination in housing, with racial minorities and members of the LGBTQ+ community among the groups reporting fair housing issues at even higher rates. Zillow surveyed more than 12,000 adults across 26 U.S. metro are
Read MoreFinancial results worsened for IMBs in 2023: MBA

Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks lost an average of $1,056 on each loan they originated in 2023, down from an average loss of $301 per loan in 2022, according to data released Thursday by the Mortgage Bankers Association (MBA). This was the largest loss
Read MorereAlpha launches AI-powered buyers’ agent chatbot

Real estate technology company reAlpha Tech Corp. launched Claire, a generative artificial intelligence-powered, zero-commission buyers’ agent chatbot, the company announced on Wednesday. Claire boasts a conversational interface to guide users through every step of the homebuying journey, from prope
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