Movement accuses Summit founder Todd Scrima of corporate espionage
L. Scott Bruggemann, senior vice president and general counsel at Summit, wrote in an emailed response to HousingWire that, at this time, the...
Reverse mortgage volume and HMBS issuance improve in April
The refi market continues to be anemic as higher rates are persisting, with refi volume dropping 3.4% compared to the prior month. Seven...
NAR President Kasper resigns following blackmail threat
National Association of Realtors President Tracy Kasper has resigned following a threat made against her, the trade group said Monday.
“Kasper informed NAR’s...
CFPB’s Chopra addresses mortgage issues in House oversight hearing
The Consumer Financial Protection Bureau (CFPB) wants to address mortgage issues, including affordability and servicing challenges. However, persistently high mortgage rates currently straining...
U.S jobs report surprises to the upside
The U.S. economy added significantly more jobs than expected during the first month of the year. Jobs increased by 353,000 in January, up...
Ahead of trial date in HMDA case, Freedom Mortgage and CFPB face hurdles
The Consumer Financial Protection Bureau (CFPB) and Freedom Mortgage were handed minor setbacks by the presiding and magistrate judges, respectively, in a case...
Nonbanks profitability to decline in the coming quarters: Moody’s
Nonbank mortgage companies increased their profitability as a group in the third quarter of 2023, compared to the previous quarter, due to the...
DeSantis stamps changes to reverse mortgage tax requirements in Florida
Florida Gov. Ron DeSantis (R) signed a bill into law this week that changes certain requirements for the state’s reverse mortgage borrowers, a...
EasyKnock under fire for “deceptive” sale-leaseback practices in Massachusetts
Residential sale-leaseback platform EasyKnock is under fire from the Massachusetts Attorney General’s office.
In a news release last Tuesday, Attorney General Andrea Joy Campbell...
Williston Financial Group’s MyHome acquires Volly
Williston Financial Group is closing out 2023 with yet another acquisition. The firm announced Thursday that MyHome, a WFG subsidiary, has acquired technology...
