DOJ quietly resumed NAR probe days after settlement withdrawal
In a 418-page petition filed Monday, NAR contends the antitrust regulator swiftly reopened its investigation into Clear Cooperation Policy and buyer broker commissions in July
by Andrea V. Brambila Sep 15
HUD homes more likely to be in floodplains: Report
HUD is not required to disclose flood risk to would-be homebuyers, most of whom didn't learn that the home was located in a flood zone until they were told by their lender
by Matt Carter Sep 13
NAR fights back against DOJ efforts to withdraw antitrust settlement
The trade group accused the Justice Department of reneging on a binding agreement. NAR also said it had already begun implementing policies based on its DOJ settlement
by Jim Dalrymple II Sep 13
Wells Fargo fined over mortgage loan modification practices
Wells Fargo has agreed to pay a $250M fine after an investigation by federal banking regulators found fault with its practices for helping homeowners with mortgage problems
by Matt Carter Sep 13
Why Lower.com is about much more than mortgage rates
There's a backstory to Lower that helps explain why the company believes it can now position itself as not just a lender, but 'Everything for your home, for Lower'
by Matt Carter Sep 8
Fannie and Freddie must submit equitable housing finance plans
Plans are intended as roadmap for reducing racial, ethnic homeownership gap over the next 3 years
by Matt Carter Sep 7
Unlicensed mortgage broker siphoned off $4.74M in refi proceeds
CoreLogic sees heightened risk of mortgage fraud due to shift to purchase loans
by Matt Carter Sep 7
Individuals to get better shot at buying foreclosed homes
Biden administration to give owner occupants, nonprofits more opportunities to buy homes before they're snatched up by large investors
by Matt Carter Sep 1
Regulators probe 'education fraud scheme' by loan originators
California is leading a multi-state regulatory task force investigating a company suspected of allowing mortgage loan originators to skirt their pre-licensing and continuing education coursework requirements
by Matt Carter Aug 31
NAR President to Realtors: Wear masks, social distance
Charlie Oppler urged both NAR members and their clients to be diligent regarding the virus and indicated he was encouraged by growing vaccination rates
by Jim Dalrymple II Aug 27
Supreme Court shoots down latest eviction moratorium
Six justices called the CDC's claim of authority 'unprecedented' and indicated that if an eviction moratorium were to continue it would have to come from lawmakers, not the Biden Administration
by Jim Dalrymple II Aug 27
Mortgage lender offers $500 discount to applicants who get COVID vaccine
Neat Loans: Some companies are requiring vaccination, and 'employment status is critical'
by Matt Carter Aug 25
Viral Reddit thread places HOAs in the doghouse
One owner's battle with her homeowner's association over her pets went viral on Monday. Here's what a pet-loving broker has to say about finding the best place for a furry friend
by Marian McPherson Aug 24
With protections lifting, improvement in forbearance numbers slows
The numbers are headed in the wrong direction for loans that are backed by private lenders rather than the government, according to new survey by the Mortgage Bankers Association
by Matt Carter Aug 24
RE/MAX and eXp Realty settle their recruitment lawsuit
RE/MAX had sued eXp Realty earlier this year over claims the latter company improperly solicited RE/MAX franchisees and that it misrepresented RE/MAX's commission splits
by Jim Dalrymple II Aug 20
Fannie, Freddie regulator wants to help more low-income homebuyers
The Federal Housing Finance Agency wants at least 35 percent of purchase loans to go to low- and very low-income borrowers
by Matt Carter Aug 18