Articles by Jessica Guerin

Who buys a vacation home?

Buyers may be younger and less affluent than you think
You might think people who buy vacation homes are older, high-net-worth individuals, but a recent survey from Vacasa proves this is not necessarily the case. In fact, a number of older Millennials and young Gen Xers are looking to buy vacations homes, drawn to their investment potential, with one quarter of prospective buyers in their 20s and 30s.
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Compass, Zillow reach settlement in poaching lawsuits

Quietly settle case accusing Compass of stealing employees, trade secrets
On the same day Compass was slapped with a bombshell lawsuit from rival Realogy accusing it of unfair business practices and illegal scheming, the real estate heavyweight settled a pair of lawsuits with another competitor, Zillow Group. The two companies came to an agreement in federal court Wednesday that dismissed two suits accusing Compass of poaching Zillow employees for its Seattle tech hub.
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Realogy suing Compass for unfair business practices, illegal schemes

Accuses real estate brokerage of scheming to damage, eliminate competition
Realogy Holdings, the nation’s largest real estate brokerage, filed a bombshell lawsuit Wednesday against its SoftBank-backed rival, Compass, accusing it of unfair business practices and illegal schemes. The complaint alleges that Compass' business model is founded on "misappropriating, by whatever means necessary, the assets, confidential business information, trade secrets, contracts, talent, and strategies of its competitors."
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This is how long it takes to close a mortgage now

Study shows closing times are steadily declining
A recent survey highlighted homebuyers' frustrations, revealing that nearly half felt it takes too long to get a mortgage. But according to a new study from LendingTree, things are trending in the right direction, as the average closing time has fallen by a sizable 34 days in the last two years. This is how long it takes to close a purchase loan and a refinance right now.
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New bill slashes FHA mortgage insurance for first-time homebuyers

Borrowers who undergo counseling can get a discount on their upfront mortgage insurance
The House passed a bill Tuesday that slashes the cost of upfront mortgage insurance for first-time homebuyers using mortgages backed by the FHA. The bill stipulates that first-time homebuyers who complete a housing counseling program to learn about sustaining homeownership can get a 25-basis-point discount on their upfront mortgage insurance for an FHA loan.
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Newly formed SitusAMC makes 2 key hires to lead U.S. servicing and asset management

Tim Mazzetti and Dean Wheeler join the team as managing directors
Three weeks ago, Situs Group Holdings, a provider of business and tech solutions for the real estate industry, announced its merger with American Mortgage Consultants, a due-diligence firm that caters to secondary market participants, forming SitusAMC. Now rebranded as SitusAMC, the firm has made two key hires to lead its U.S. servicing & asset management business, welcoming Tim Mazzetti and Dean Wheeler to the team as managing directors.
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Who is new SEC Commissioner Allison Herren Lee?

Trump taps Democrat Lee to top role at the agency for the next 3 years
Allison Herren Lee was sworn into office as commissioner of the Securities and Exchange Commission on Monday after her nomination was unanimously backed by the Senate. Here's the scoop on the new head of the nation's far-reaching securities regulator.
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