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 –...
EasyKnock acquires home equity co-ownership firm Balance Homes
Residential sale-leaseback platform EasyKnock has acquired home equity investment platform Balance Homes, the company announced on Tuesday.
The latest acquisition comes on the heels of a...
NAR names new chief marketing and communications officer
The National Association of Realtors (NAR) has a new chief marketing and communications officer. The trade group announced Tuesday that Suzanne Bouhia would lead NAR’s marketing...
Black Knight awarded $155M in trade secrets theft lawsuit against Pennymac
An arbitrator conclusion issued last week caps a four-year legal battle over allegations of trade secret theft involving two of the biggest companies in the housing...
Guild hires Adam O’Daniel as chief marketing officer
Industry veteran Adam O’Daniel is transitioning to Guild Mortgage as senior vice president and chief marketing officer, a newly created role, after about two years at Open Mortgage, the company announced...
How technology can help mortgage lenders combat repurchase risk
When individual mortgages are originated by lenders like banks or credit unions, they maybundle groups of these mortgages together into financial vehicles called mortgage-backedsecurities (MBS) that...
Promising signs abound for 2024 housing market
https://www.youtube.com/watch?v=XUheNdjWmwY
Now that Thanksgiving is behind us and December is well under way, we can start looking ahead to the 2024 housing market.New listings and home sales...
FirstHome IQ now has 60 ambassadors boosting financial literacy
FirstHome IQ, a nonprofit focused on homeownership and financial literacy education, has expanded its ambassador program and now has 60 mortgage and real estate professionals who...
Freddie Mac announces standardized mortgage documents for DPA programs
Freddie Mac rolled out standardized subordinate lien documents for subordinate mortgages offered by down payment assistance (DPA) providers to facilitate easier and greater use of DPA...
Impatient homebuyers are gradually accepting the reality of the housing market: BofA
Prospective homebuyers are slowly growing less sensitive to home prices and high-interest rates, and fewer of them are willing to wait for a better market to...