Wednesday, November 6, 2024

UWM sues Mortgage Solutions and its owner over EPOs, trademark infringement

United Wholesale Mortgage (UWM) has accused California-based brokerage and correspondent lender Mortgage Solutions FCS, dba Client Direct Mortgage, of breaching its early payoff (EPO) provision and...

Opendoor looks to rescale business in 2024

For iBuyer Opendoor, 2023 was all about moderation.  “We are excited about how we are set up for 2024 and beyond,” CEO Carrie Wheeler told investors and...

Many homeowners don’t understand how their escrow account works

Among homeowners who have a mortgage escrow account, only 52% fully understand how the account works, according to survey results released Thursday by property tax services...

Better launches fully digital VA loan with no minimum down payment

Better.com announced Thursday that it’s launching fully digital U.S. Department of Veteran Affairs (VA) loans through its Tinman platform. The product, which has no minimum down payment requirement, is...

Freddie Mac reports ‘solid financial results’ in 2023 earnings report

Government-sponsored enterprise (GSE) Freddie Mac reported a 65% annualized increase in income stemming from its single-family mortgage programs in fourth-quarter 2023, along with a 13% increase...

Former HUD deputy secretary’s consultancy launches new compliance wing

Gate House Strategies, a financial services and affordable housing advisory firm formed in 2021 by former U.S. Department of Housing and Urban Development (HUD) deputy secretary...

HUD announces new aid for Maui, Native Hawaiians

The U.S. Department of Housing and Urban Development (HUD) announced a series of new relief measures for residents of the state of Hawaii. One measure is...

Master planned communities post strong new home sales numbers in 2023

Despite high mortgage rates, master planned communities (MPCs) did well in 2023. According to a survey released Tuesday by John Burns Research & Consulting, the top...

FFIEC issues statement of principles for examining appraisal and valuation bias

The Federal Financial Institutions Examination Council (FFIEC) on Monday issued a statement outlining examination principles related to valuation and appraisal discrimination or bias in residential lending.  FFIEC...

The best online real estate school for 2024

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