ALTA responds to CFPB’s inquiry on mortgage fees

The American Land Title Association is making it clear that it won’t have the Consumer Financial Protection Bureau making drastic changes to title insurance without first at least hearing the trade groups thoughts on the issue. In a 15-page letter sent to CFPB Director Rohit Chopra on Aug. 2, the tr
Read MoreTo sue or not to sue: How buyer’s agents should prepare for commission disputes with clients

As more brokerages and agents contemplate moving away from a cooperative compensation model, many are grappling with some tough questions, the most vexing probably being: What do I do if a seller is only willing to contribute part of the buyer broker’s fees, or none at all? According to Anthony Lama
Read MoreAlmost half of listing inquiries don’t receive a response from an agent: DelPrete

As an academic and consultant, Mike DelPrete wears many hats. He can now add “sting operative” to his resume. DelPrete managed a team of undercover “secret home shoppers” to test the responsiveness of brokerages to online inquiries on home listings. His team conducted 100 such tests and found signif
Read MoreNearly half of US adults say retiring at age 65 is ‘unrealistic’

As many as half of surveyed U.S. adults said that retiring at age 65 is “unrealistic,” instead saying that age 74 is a more attainable goal to reach full retirement. This is according to a survey conducted by Equitable, a financial services provider. “Equitable’s survey revealed that nearly half of
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