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CFPB Announces Receipt of 10 Millionth Consumer Complaint

CFPB Announces Receipt of 10 Millionth Consumer Complaint

by Phil Hall | Jan 22, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) announced the receipt of its 10 millionth complaint from consumers against financial services companies. In an online video CFPB Director Rohit Chopra called the occasion a “big milestone” while stressing it meant more...
Rocket Companies Debuts Rocket.com as One-Stop Platform for Homebuyers

Rocket Companies Debuts Rocket.com as One-Stop Platform for Homebuyers

by Phil Hall | Jan 22, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Detroit-headquartered Rocket Companies (NYSE: RKT) announced the launch of Rocket.com as a platform designed to help homebuyers with their home search and financing needs. According to the company, Rocket.com will combine home search, financing and servicing needs...
American Real Estate Association Establishes First Local Chapter

American Real Estate Association Establishes First Local Chapter

by Phil Hall | Jan 22, 2025 | Market Snapshot, News/Current Events, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

The American Real Estate Association (AREA) has announced it has integrated the New York Residential Agent Continuum (NYRAC) into its organization as its first local chapter. “This marks a major step forward in strengthening our mission to serve and support real...
Mortgage Application Activity is Dull, Forbearance Levels Drop

Mortgage Application Activity is Dull, Forbearance Levels Drop

by Phil Hall | Jan 22, 2025 | Market Snapshot, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity remained flat for the week ending Jan. 17, according to new data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, inched up by a scant 0.1% on a seasonally...
Virginia Man Pleads Guilty in $1.3 Million Title Fraud Case

Virginia Man Pleads Guilty in $1.3 Million Title Fraud Case

by Phil Hall | Jan 22, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A Virginia man pleaded guilty to real estate and tax fraud for his role in a scheme to obtain title to a $1.3 million home in Roanoke County. According to the charges brought against him, Herman Estes filed a false amended income tax return for 2021 claiming he was...
Forecast: Utah’s Population to Grow by Half-Million Over Next 9 Years

Forecast: Utah’s Population to Grow by Half-Million Over Next 9 Years

by Phil Hall | Jan 22, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new forecast is predicting the population of Utah will grow by a half-million over the next nine years, which could exacerbate the state’s ongoing housing challenges. According to a report from Brigham Young University’s Daily Universe, the forecast would put Utah’s...
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