Title data is helping real estate agents and lenders prospect
DataTrace, which now operates more than 1,800 U.S. title plants, says the remarkable granularity of its data can help identify renters who are ready to buy, empty nesters and fix-and-flip investors
by Matt Carter Apr 9
NAR settlement may disrupt mortgage partner agent programs
If homebuyers are no longer willing to pay full commissions to agents, what happens to lender programs that incentivize consumers to work with partner real estate agents?
by Matt Carter Mar 18
Newzip signs another lender to its agent-matching service
SECU of Maryland is the fifth credit union to sign with Newzip, which helps more than 20 lenders court homebuyers by offering them discounts when they agree to work with preferred agents
by Matt Carter Sep 27
Freedom Mortgage to pay $1.75M to settle agent kickback scheme
Regulators claim marketing agreements with more than 40 real estate brokerages including Realty Connect USA were a conduit for kickbacks for 1,000+ mortgage referrals
by Matt Carter Aug 18
Newzip helps mortgage lenders connect borrowers to agents
Former Keller Williams Realty exec's startup enables virtually any mortgage lender to emulate programs offered by bigger rivals, such as Rocket Mortgage, loanDepot and Better
by Matt Carter Jun 22
Mortgage rate gap among lenders wider than previously understood
A homebuyer taking out a $300K loan could end up overpaying by $1,200 a year — and even more if they're in the market for a jumbo, FHA or VA mortgage, according to a new CFPB analysis
by Matt Carter May 26
Stricter rules eyed for controversial PACE energy improvement loans
Property Assessed Clean Energy (PACE) loans can burden homeowners with higher property tax bills that heighten the risk they'll get behind on their mortgages, federal regulators say
by Matt Carter May 2
RESAAS to facilitate referrals to Rocket Mortgage Canada
One-year agreement calls for RESAAS and Rocket Mortgage Canada to share revenue generated by new mortgages, mortgage renewals and refinances
by Matt Carter Apr 18
Zillow settles shareholder lawsuit over co-marketing program
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
Rocket Mortgage courting buyers who work with partner agents
The lender's new 'BUY+' program provides closing credit of up to $10,000 to homebuyers working with one of more than 20,000 Rocket Homes Partner Agents, it was announced Monday
by Matt Carter Apr 3
Disparity in mortgage rates offered by lenders doubled in 2022: Study
Homebuyers can potentially save $600 to $1,200 a year by applying for a mortgage with multiple lenders, according to a new analysis released Thursday by mortgage giant Freddie Mac
by Matt Carter Feb 21
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
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
Nations Lending launches mortgage alliance with Carpenter Realtors
After announcing new branch openings and executive hires this year, Nations Lending is seeking to grow by forming a joint venture with an Indiana brokerage that employs more than 600 agents
by Matt Carter Nov 15