NYSE sends second notice to FOA about noncompliance with continued listing standard

Finance of America Companies (FOA), parent company of reverse mortgage industry-leading lender Finance of America Reverse (FAR), was notified for the second time on Feb. 12 by the New York Stock Exchange (NYSE) that it was not in compliance with the exchange’s continued listing standard. This is acc
Read MoreNAR runs out of liability insurance coverage: Sources

Three sources, who have asked to remain anonymous, have confirmed to HousingWire that the National Association of Realtors (NAR) has run out of liability insurance funds. The news about NAR’s insurance predicament began circulating late Wednesday, with industry analyst Rob Hahn highlighting the news
Read MoreCalifornia judge bans ‘sham mortgage relief operation,’ issues $19M penalty

A judge in the U.S. District Court for the Central District of California has ordered that the operators of Home Matters USA — described as a “mortgage relief scam” by the Federal Trade Commission (FTC) and the California Department of Financial Protection and Innovation (DFPI) — be banned from the
Read MoreThe apartment boom is officially dead, but single-family housing is holding up

Today, housing starts fell more than anticipated, but the more important story in today’s report is that even though the apartment boom is dead, single-family permits are rising. The U.S. housing apartment boom ran into higher mortgage rates and more supply faster than anticipated, while single-fami
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