FTC goes to court to stop ICE's $11.7B Black Knight acquisition
Antitrust regulator claims Intercontinental Exchange and Black Knight plan to close the merger deal on April 28 — before an administrative hearing to determine its legality has even begun
by Matt Carter Apr 11
Mortgage, tech experts invited to brainstorm ideas at 'TechSprint'
Fannie Mae and Freddie Mac's federal regulator will host Velocity TechSprint, a problem-solving challenge for product developers and data scientists in nation's capital July 10-13
by Matt Carter Apr 7
Gavel over one hundred dollar bills represents Newrez' settling a complaint
Zillow has maintained its agent-lender co-marketing program is RESPA compliant, and admitted no wrongdoing while agreeing to pay $15M, which was granted preliminary approval Monday
by Matt Carter Apr 4
Rocket Homes is target of 'ongoing law enforcement investigation'
The Consumer Financial Protection Bureau launched an investigation into Rocket's real estate brokerage arm in 2020 on eve of the company's IPO. Three years later, the probe is ongoing
by Matt Carter Apr 4
Fidelity to pay $3.5M in crackdown on 'no-poach' agreements
5 title insurance companies have paid $8.25M in the last 18 months to settle antitrust allegations leveled by New York Attorney General Letitia James
by Matt Carter Mar 29
Flagstar Bank takes over Signature Bank's retail branches
$2.7B deal does not include about $4B in crypto-related deposits held by the former Signature Bank's digital-assets banking business, according to the Federal Deposit Insurance Corp
by Matt Carter Mar 20
New mortgage fee won't debut until after spring homebuying season
Industry groups continue to object to new Fannie and Freddie fee aimed at some riskier borrowers as a burden on lenders and middle-class consumers
by Matt Carter Mar 17
LoanDepot says it has 'full access' to $600M Signature Bank credit lines
Struggling mortgage lender also assures investors that it has moved $225M in cash it held at Signature Bridge Bank to another institution
by Matt Carter Mar 15
Mortgage rates nosedive in fallout from Silicon Valley Bank failure
Bank failures and slowdown in wage growth have forecasters thinking the Federal Reserve will back off from aggressive rate hike campaign when it meets next week
by Matt Carter Mar 13
Antitrust regulators move to block ICE's $11.7B Black Knight acquisition
Federal Trade Commission alleges the deal would put an end to intense competition between the companies and drive up costs for lenders and homebuyers
by Matt Carter Mar 10
Appraiser ordered to watch exposé on Black homeowners she lowballed
Paul Austin and wife Tenisha Tate-Austin sued appraiser Janette Miller in 2021 after a lowball quote prompted the couple to pose a white friend as the homeowner for a second appraisal
by Ben Verde Mar 9
Gavel over one hundred dollar bills represents Newrez' settling a complaint
The CFPB alleges mortgage servicers charged excessive late fees, assessed 'fake' private mortgage insurance premiums and made homeowners pay for unnecessary inspections
by Matt Carter Mar 8
Black Knight ready to sell Empower to address antitrust concerns
Deal with Constellation Software Inc. hinges on Intercontinental Exchange closing deal to acquire Black Knight, now valued at $11.7B. ICE says it's prepared to fight FTC in court
by Matt Carter Mar 7
Park National Bank latest lender to settle federal redlining charges
The Ohio bank's $9M pledge to promote ownership in Black and Hispanic areas is the 6th since the DOJ launched an initiative to combat redlining in 2021 that has generated $84M in relief
by Matt Carter Mar 3
Utah 1st state to ban long-term listing agreements enforced by lien
Legislation expected to go into effect April 1 addresses allegedly deceptive tactics employed by MV Realty and was based on a model bill drafted by American Land Title Association
by Matt Carter Mar 2
FTC prepares to challenge ICE's $13B Black Knight deal: Report
Federal Trade Commission not convinced that Black Knight's plans to spin off its Empower loan origination system allays antitrust concerns, 'Politico' reports
by Matt Carter Feb 27