How the commission lawsuits may prompt intervention from DOJ and regulators
For Regina Braga, the president of Res/Title, the verdict in the Sitzer/Burnett commission lawsuit did not come as a surprise.
“We’ve definitely seen a...
Weekly mortgage applications pick up but remain subdued: MBA
Both purchase and refinance applications increased to their highest weekly pace in five weeks after mortgage rates logged the largest decline in a...
Homebuyers faced high mortgage rates, worsening affordability in October: ICE
Stubbornly elevated mortgage rates created more affordability pressures for homebuyers in October, according to ICE Mortgage Technology’s November Mortgage Monitor report.In October, the...
CFPB orders Bank of America to pay $12M for submitting false mortgage data
The Consumer Financial Protection Bureau (CFPB) imposed a $12 million penalty on Bank of America (BofA) for violating federal laws by submitting false mortgage lending information for...
Appeals court hears arguments on reopening the DOJ’s probe into NAR
The National Association of Realtor’s ongoing battle with the Department of Justice is heating up again. On Friday, a three-judge appellate court panel...
Impatient homebuyers are gradually accepting the reality of the housing market: BofA
Prospective homebuyers are slowly growing less sensitive to home prices and high-interest rates, and fewer of them are willing to wait for a...
Compass cuts losses in Q3, addresses commission lawsuit threat
Compass surprised positively in the third quarter of 2023 by posting a number of strong results. The brokerage’s national quarterly market share grew...
FHA: MMI Fund remains healthy despite mortgage headwinds
The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) managed another solid year of financial performance for...
CrossCountry in talks to amass Fairway: sources
Two top-20 mortgage lenders in the United States may combine forces amid the most challenging market in decades. CrossCountry Mortgage is in talks...
Reverse mortgage volume, HMBS issuance fall slightly in January
With ongoing liquidity challenges and a continuing lag in Home Equity Conversion Mortgage (HECM) case numbers, reverse mortgage business in 2024 started off...
