Copycat commission lawsuits filed in Florida, Pennsylvania
More home sellers on the East Coast are getting in on the commission lawsuit action. Plaintiffs in Florida and Pennsylvania filed lawsuits on...
Pennymac to issue $650M in unsecured debt
Pennymac Financial Services is the latest mortgage company to issue debt in a challenging housing market. The California-based company announced on Wednesday it intends...
CHLA voices support for attorney opinion letters to FHFA
The Community Home Lenders of America (CHLA) submitted a letter to the Federal Housing Finance Agency (FHFA) expressing its support for the use of...
The mortgage market just had its strongest week in months
Falling mortgage rates last week brought increased demand.
Total home loan applications increased 2.8% for the week ending Dec. 1 compared to the previous...
Amid housing slowdown, new construction grew most in exurban areas in Q3
In the third quarter of 2023, single-family and multifamily home construction grew in outlying areas instead of urban centers.
That’s according to the National...
Pennymac rolls out new home equity loan product for broker partners
California-based Pennymac Financial Services’s broker division, Pennymac TPO, launched a home equity loan product as tappable home equity nears its 2022 peak.
“Pennymac’s broker...
Defunct FGMC, former employees seek $1.75M settlement on WARN Act suit
The now defunct First Guaranty Mortgage Corporation (FGMC) and former employees – who sued the mortgage lender in a class-action suit after an...
EasyKnock acquires home equity co-ownership firm Balance Homes
Residential sale-leaseback platform EasyKnock has acquired home equity investment platform Balance Homes, the company announced on Tuesday.
The latest acquisition comes on the...
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...
NAR names new chief marketing and communications officer
The National Association of Realtors (NAR) has a new chief marketing and communications officer. The trade group announced Tuesday that Suzanne Bouhia would...
