ICE sees $13B Black Knight merger surviving antitrust concerns
Black Knight is reportedly looking to spin off its Empower loan origination system to placate regulators' antitrust concerns as critics raise market power, data privacy issues
by Matt Carter Feb 15
Court tosses redlining suit sparked by mortgage broker's radio show
Regulators alleged statements made by hosts of Townstone Financial's call-in show discouraged 'prospective' African-American applicants from seeking mortgage loans
by Matt Carter Feb 8
Regulators fire warning shot over bow of mortgage comparison sites
The Consumer Financial Protection Bureau said operators of mortgage comparison-shopping platforms may be violating RESPA if they manipulate search results to coerce kickbacks
by Matt Carter Feb 7
Gavel over one hundred dollar bills represents Newrez' settling a complaint
Biggest redlining settlement in DOJ history is 5th enforcement action since launch of initiative to combat redlining in 2021, with $75M in relief to date. Bank denies it engaged in redlining
by Matt Carter Jan 13
This is the year when 'agents have to go deep': BHGRE's Barry Jenkins
Jenkins, Better Homes and Gardens Native American Group chief marketing officer, sat down with Inman ahead of his appearance at Inman Connect New York later this month
by Marian McPherson Jan 12
Want to buy a home in Canada? You'll likely have to be Canadian
As of Jan. 1, homes in Canada can only be purchased by the nation's citizens and a few other groups after a new law went into effect. The step's a campaign promise of Prime Minister Trudeau
by Daniel Houston Jan 5
Cornerstone Home Lending gives sales teams national scope
Merger with Roscoe State Bank means the Houston-based company's loan officers are now federal mortgage loan originators who can offer purchase loans and refinancing in 37 states
by Matt Carter Jan 3
After banner year, mortgage brokers seek more political clout
The Association of Independent Mortgage Experts, a trade group representing mortgage brokers, launched a PAC and more than doubled its spending on lobbying in 2022
by Matt Carter Dec 30
The biggest mortgage, lending and housing finance stories of 2022
The industry dodged a meltdown, but skyrocketing mortgage rates fueled a rush to 'right size' and helped crown a new leader in mortgage lending
by Matt Carter Dec 28
Wells Fargo paying $3.7B to settle mortgage, auto loan allegations
Federal regulators allege bank improperly denied thousands of mortgage loan modifications over at least 7 years, in some cases leading customers to lose their homes
by Matt Carter Dec 20
Real estate transfer tax hikes create headaches for mortgage lenders
Federal regulations provide 'zero tolerance' for miscalculating real estate transaction taxes when providing TILA-RESPA integrated disclosure to borrowers, Black Knight warns
by Matt Carter Dec 19
President Biden signs the Respect for Marriage Act into law
The act codifies same-sex and interracial marriage rights and ensures same-sex couples' marriages would be federally recognized if the Supreme Court overturns Obergefell
by Marian McPherson Dec 14
Squabble in paradise: What'll happen to $256M in FTX real estate?
The US and Bahamian governments are jockeying to oversee the bankruptcy of crypto exchange FTX — and its trove of real estate holdings — after the arrest Monday of Sam Bankman-Fried
by Daniel Houston Dec 13
Mortgage broker who forged loan documents for clients gets 5 years
Prosecutors say Alex Ashod Dadourian, a licensed mortgage loan broker, fabricated income and employment verification documents to win approvals for 17 mortgages totaling more than $8M
by Matt Carter Dec 8
After 2-year ordeal, FHA borrowers can now buy private flood insurance
The Department of Housing and Urban Development on Monday prevailed in expanding flood insurance choices for homebuyers with Federal Housing Administration-insured mortgages
by Marian McPherson Nov 22
Gavel over one hundred dollar bills represents Newrez' settling a complaint
CFPB alleges some homeowners who sought forbearance during the pandemic were charged improper late fees and weren't fully informed of their options
by Matt Carter Nov 17