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 NAMB believes the policy is outdated and unfair.
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 relation
Top Houston agent leaves Compass for Douglas Elliman
Douglas Elliman has gained a top producing agent in Houston. On Tuesday, Dana Johnson announced that she was leaving Compass after six years to join Douglas Elliman. Johnson’s announcement comes less than a week after Compass announced it had closed its acquisition of Anywhere Real Estate. “At this
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