Home sales are tepid, but mortgage fraud is becoming more common
New data shows that cases of fraud among mortgage applicants is on the rise — an eye-raising trend as demand from borrowers remains relatively quiet.
The...
Defunct FGMC, former employees seek $1.75M settlement on WARN Act suit
The now defunct First Guaranty Mortgage Corporation (FGMC) and former employees – who sued the mortgage lender in a class-action suit after an abrupt layoff –...
Dream of homeownership feels unattainable to many Americans: Redfin
The ongoing lack of housing affordability is prompting more renters to doubt their ability to become homeowners. According to a recent Redfin survey, nearly 40% of...
The 8% mortgage is here
Rates on the 30-year fixed-rate mortgage eclipsed 8% this week as the Treasury yield surpassed 4.9% for the first time since 2007, according to one index.
Per...
Saul Klein to lead San Diego MLS in wake of scandal
San Diego Association of Realtors, which operates one of the country’s largest multiple listing service, has new leadership following the departure of alleged fraudster Mike Mercurio....
How to Create a Real Estate Marketing Plan for 2024 (+ Template)
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Creating a real estate...
10 ways for real estate agents to stay compliant with fair housing laws
The last thing homebuyers and sellers expect to encounter on their real estate journey is discrimination. But until 1968, unethical practices in real estate prevented thousands...
Reverse mortgage originators report good starts to 2024 business
Last year was a challenging one for reverse mortgage business activity, and it likely hit no one harder than the industry’s front-line loan originators.
After enduring...
How have two hurricanes impacted housing inventory?
Here are new listings for last week over the past several years:
2024: 62,876
2023: 57,229
2022: 59,458
Price-cut percentage
In an average year, one-third of all homes take a price...
The Loan Store offers consumer rewards program
Wholesale lender The Loan Store launched a consumer rewards program designed to help mortgage brokers offer competitive mortgage rates.
Buyers can save up to 40 basis points...