Ohio Attorney General Dave Yost has filed a lawsuit against United Wholesale Mortgage (NYSE: UWMC) that accuses the company of “conspiring with brokers to rip off Ohio consumers.” In his lawsuit, Yost – who launched his campaign for Ohio governor in January – alleged...
A new bill has been introduced in the California legislature that will provide a temporary relief for homeowners impacted by the recent Los Angeles County wildfires. CBS News reports that the “Mortgage Relief for Disaster Survivors Act” would give...
The latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC) showed the 30-year fixed-rate mortgage rising for the first time in 13 weeks, although the government-sponsored enterprise insisted on emphasizing the positive aspects of this development. The...
American Financial Resources (AFR), a national mortgage lender headquartered in Parsippany, New Jersey, announced the promotion of Robert Pieklo to CEO and Michael Brenning to chief operating officer (COO). Pieklo joined AFP as COO in February 2024 following its...
Mortgage application activity slowed for the week ending April 11, according to data from the Mortgage Bankers Association. The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 8.5% on a seasonally adjusted basis from one week...
Federal Housing Finance Agency (FHFA) Director Bill Pulte has announced his agency is establishing a tip line for the reporting of mortgage fraud activity. In a series of posts on X, Pulte declared this will be part of an increased effort by the FHFA to combat...
