How loan originators survived a cutthroat mortgage business in 2023
In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate’s managing...
Labor market report is good news for mortgage rates
So where does this leave us? Let’s look at my labor economic model that started on April 7, 2020, and see where are...
Bill Pulte to be considered for HUD secretary, report claims
Bill Pulte, the philanthropist and CEO of Pulte Capital — and who shares a name with his grandfather, the founder of Atlanta-based homebuilder...
CFPB report finds state community reinvestment laws can go beyond federal version
The Consumer Financial Protection Bureau (CFPB) this week published a report analyzing state-level community reinvestment laws and ways they promote reinvestment activities for...
California commission suit alleges collusion in the City of Angels
Lights, camera, lawsuit! A copycat commission lawsuit has been filed in Los Angeles.
The suit, known as Fierro, after its lead plaintiff Gael Fierro,...
Offerpad and Realtor.com team up to make cash offers available to portal users
The iBuying platform Offerpad and Realtor.com are teaming up. In an announcement on Tuesday, the firms said that Offerpad was integrating with Realtor.com.
According...
Redfin stockholder files suit over disclosures in Rocket deal
Defendants in the suit include Rocket, Redfin and Redfin CEO Glenn Kelman. Several members of Redfin’s board of directors are also named, inclued...
Rocket Mortgage faces class-action lawsuit for unsolicited telemarketing calls
Detroit-headquartered lender Rocket Mortgage faces a class-action lawsuit for making repeated, unsolicited telephone calls, violating the Telephone Consumer Protection Act (TCPA).
According to the...
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...
Utah-based Realtor association no longer enforcing NAR’s Clear Cooperation
The real estate industry is currently divided over the National Association of Realtors’ Clear Cooperation Policy, but one local Realtor association and MLS...