Top Headlines
Four Charged in Houston Real Estate Fraud Scheme
Harold Doyle was a tax preparer for the identity theft victim. Continue Reading Four Charged in Houston Real Estate Fraud Scheme
New California Lawsuit Challenges Residential Development Fees
Californians for Homeownership is a nonprofit organization sponsored by the California Association of Realtors. Continue Reading New California Lawsuit Challenges Residential Development Fees
Feds Sue Software Firm RealPage, Alleging Collusion with Landlords on Rent Hikes
Attorney General Merrick Garland said the company created a “new way to scheme with landlords to break the law.” Continue Reading Feds Sue Software Firm RealPage, Alleging Collusion with Landlords on Rent Hikes
Powell on Rates: ‘Time Has Come for Policy to Adjust’
Powell acknowledged that the Fed has been and will continue to be open to criticism. Continue Reading Powell on Rates: ‘Time Has Come for Policy to Adjust’
Utah Brokerage Homie Sues NAR, Claiming Organized Boycott
“Homie was subject to both express and tacit boycotts in Utah by incumbent brokerages,” said the lawsuit. Continue Reading Utah Brokerage Homie Sues NAR, Claiming Organized Boycott
Mortgage Rates Surge Onward and Upward for Fifth Straight Week
Sam Khater, Freddie Mac’s chief economist, noted, “The good news is that the economy and incomes continue to grow at a solid pace.” Continue Reading Mortgage Rates Surge Onward and Upward for Fifth Straight Week
Slight Uptick in Mortgage Application Activity
“The level of ARM applications increased by 15% over the week,” said MBA’s Joel Kan. Continue Reading Slight Uptick in Mortgage Application Activity
CFPB Sues Freedom Mortgage Over ‘Providing False Data’
Director Rohit Chopra said his agency “will continue to focus on ending the cycle of misconduct by repeat offenders in the financial industry.” Continue Reading CFPB Sues Freedom Mortgage Over ‘Providing False Data’
Mortgage Credit Availability Up Slightly in September
“There were more loan programs for ARM loans for borrowers seeking lower initial monthly payments,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Up Slightly in September
titleLOOK Expands Title Report Reviews to Mortgage Banking Sector
The Bangor, Maine-based titleLOOK by Mainspring Services announced that it is now offering its automated title review to lenders, government-sponsored enterprises and other organizations in the mortgage banking sector. titleLOOK was launched in 2021 and was initially...
Housing Trade Groups Warn Powell That Fed Policies Fuel ‘Ongoing Market Uncertainty’
“Today, the spread between 30-year mortgage rates and 10-year Treasury yield is at historically high levels,” the trade groups warned. Continue Reading Housing Trade Groups Warn Powell That Fed Policies Fuel ‘Ongoing Market Uncertainty’
Fannie Mae’s Home Purchase Sentiment Index Sinks Under Mortgage Rate Pressure
“Mortgage rates persistently over 7% appear to be deepening the malaise consumers feel about the home purchase market,” said Fannie Mae’s Doug Duncan. Continue Reading Fannie Mae’s Home Purchase Sentiment Index Sinks Under Mortgage Rate Pressure
Arch Capital Group Names Seamus Fearon CEO of International Mortgage
Fearon will have responsibility for managing Arch’s Australian and European mortgage operations. Continue Reading Arch Capital Group Names Seamus Fearon CEO of International Mortgage
Fintech PADS Financial Debuts Platform for Mortgage Origination and Servicing
The company secured an initial round of financing of $3 million from investors within the Quebec real estate market. Continue Reading Fintech PADS Financial Debuts Platform for Mortgage Origination and Servicing
30-Year Fixed-Rate Mortgage Surges to 7.49%
Sam Khater, Freddie Mac’s chief economist, noted the market is facing “the highest mortgage rates in a generation.” Continue Reading 30-Year Fixed-Rate Mortgage Surges to 7.49%
