Texas homeowners sue loanDepot, Cardinal over “deceptive practices”
Mortgage lenders loanDepot and Cardinal Financial are the targets of class-action-seeking lawsuits alleging deceptive practices, negligent misrepresentation and gross negligence against Texas homeowners.
In a pair of lawsuits...
Judge approves brokerage commission lawsuit settlement agreements
After months of uncertainty, the real estate industry has a reason to celebrate, at least a little bit. Judge Stephen Bough has granted...
6 ways real estate agents can use AI to become the ultimate authority
You might have heard about AI in sci-fi movies or tech conferences, but do you know that it’s a game-changer for real estate...
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...
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...
Homebuyers made larger down payments as mortgage rates surged in Q3: Realtor.com
Homebuyers are forking over larger down payments to offset higher borrowing costs thanks to mortgage rates hitting multi-decade highs.
On average, homebuyers put down...
Commission lawsuit: HomeServices files motion for judgment as a matter of law
KANSAS CITY, Missouri — The second week of the Sitzer/Burnett class-action buyer broker commission antitrust lawsuit kicked off with a bang.
Just prior to the plaintiffs resting...
PennyMac announces proposed private offering of $650M in senior notes
California-based multichannel lender and servicer PennyMac Financial Services announced on Monday a proposed private offering of a $650 million aggregate principal amount of...
The month in reverse mortgage rates: May 2024
In March, we explored the difference between Home Equity Conversion Mortgage (HECM) “expected rates” and “note rates” and why most reverse mortgages depend...
Former top executive withdraws lawsuit against Better.com and its founder
A former top executive at Better.com has voluntarily dismissed with prejudice a lawsuit filed about two years ago against the company and its leadership, including...
