Opinion: To support low-income borrowers, return Fannie Mae and Freddie Mac to the private...
Since the 2008 housing crisis, there have been significant changes that prompted the Treasury to place Fannie Mae and Freddie Mac under conservatorship....
BofA’s mortgage production declines 6% in Q3
Top-20 U.S. mortgage lender Bank of America (BofA) reported declining mortgage and home equity production in the third quarter of 2023, compared to the previous...
Amid legal uncertainty, MLSs explore cooperative compensation workarounds
As multiple listing services look to navigate potential changes to cooperative compensation following the verdict in the Sitzer/Burnett commission lawsuit trial, some MLSs...
Commission lawsuits pile up: NAR, Keller Williams named in new South Carolina case
Another day, another commission lawsuit — this time in South Carolina. On Monday, plaintiff Shauntell Burton filed a federal antitrust lawsuit in the...
DataDigest: How and where homebuilders are closing deals
For the fourth consecutive month, homebuilder confidence sank in November, according to the National Association of Home Builders/Wells Fargo Housing Market Index published...
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...
The pandemic-induced migration boom is waning: Redfin
As companies gradually enforce back-to-the-office policies, the share of homebuyers trying to relocate to a different metro area decreased in November for the...
Qualia accuses title startup Settlor of stealing trade secrets
Closing software provider Qualia is accusing a former employee and startup title production software firm Settlor of stealing trade secrets.
In a lawsuit filed...
Fed rate cut brings more mortgage biz to JPMorgan, Wells Fargo. But is it...
JPMorgan Chase and Wells Fargo are starting to feel the effects of the Federal Reserve’s 50-basis-point rate cut in September on their mortgage...
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,...