Warren Buffett dragged into real estate commission lawsuit fray
The legendary billionaire CEO of Berkshire Hathaway, Warren Buffett, has found himself at the center of one of the nation’s largest real estate commission lawsuits.
In an...
As the housing market bottoms out, educating the future mortgage pro becomes paramount
Many analysts who cover the mortgage industry believe that the worst of the current cycle may be in the rearview mirror.
In 2022 and 2023, quickly rising...
New Jersey bill seeks to require face-to-face counseling for reverse mortgages
A bill introduced in the New Jersey Senate would require face-to-face counseling for the state’s reverse mortgage transactions and would void any loans executed without proof...
Nevada real estate firms hit with second commission lawsuit
A second home seller in Nevada has filed a lawsuit alleging that real estate industry players in the state have colluded to artificially inflate real estate...
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...