Democrats introduce bills to ban hedge funds from single-family housing market
Democratic lawmakers in both the U.S. House of Representatives and the U.S. Senate have introduced bills in their respective chambers designed to ban...
U.S. Bank appoints new retail lending leader
U.S. Bank appointed John Hummel to lead its East market for retail home lending. Hummel, who previously led the correspondent and Housing Finance...
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...
Home prices will fall in 2024: Morgan Stanley
Let’s not sugarcoat it: 2023 was a bad year for the housing market. Mortgage rates eclipsed 8% at one point, inventory hit all-time...
Wells Fargo, other mortgage lenders under scrutiny for pricing exceptions: CNBC
Wells Fargo, once the largest mortgage lender in America, was accused of discrimination through the common industry practice of offering mortgage loan discounts...
DataDigest: Mortgage rates aren’t causing delinquencies. Disasters are
In September 2022, the 30-year fixed mortgage rate averaged 6.1%, according to Freddie Mac data. Fast-forward one year, and the rate averaged 7.2%,...
loanDepot launches fully automated underwriting engine
California-based mortgage lender loanDepot on Tuesday announced the launch of its fully automated underwriting engine called melloNow.
The new system, which has been in beta-testing for...
New Georgia copycat commission lawsuit names Atlanta-area firms
The copycat commission lawsuits have spread to the Southeast. On Wednesday, home seller plaintiffs in northern Georgia filed a class-action antitrust lawsuit accusing...
Smart Rate, Michael Strauss no longer authorized to do business in Illinois
Smart Rate Mortgage, LLC is no longer licensed as a residential mortgage company in Illinois. Meanwhile, Michael Strauss, its only loan officer, now has an...
Experts offer tips for aging in place and compare costs to assisted living: CNBC
The data is clear: aging in place is a clear preference for many older Americans making plans for how their later years will...