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
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
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
Conflicts of interest spoil your integrity
Opinion
Today, conflicts of interest make top headline news daily and fuel the wrath of the DOJ and FTC. Greed is at the root of carelessly mixing business lines, which is why Brad Inman says separating ownership is often necessary to avoid conflicts
by Brad Inman Nov 30
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
A piece of chocolate cake being removed from the whole
Real estate tech firm says it will use increase on new marketing channels and product changes while critic says high referral fees lead agents to inflate commissions, skimp on service
by Andrea V. Brambila Oct 25
Two men exchanging business cards
Calling it a 'kickback scheme,' HomeOpenly owner Dmitry Shkipin told the FHFA to ban referral fees charged by online brokerages — including Zillow — that don't actually buy and sell property
Gavel over one hundred dollar bills represents Newrez' settling a complaint
Realfinity co-founder Erwin Robert Hirt's mortgage companies have been involved in litgation over loan officer compensation and suspected client data breach
by Matt Carter Mar 22
Title rep surrenders license over alleged real estate agent perks
The former employer of the California marketing representative, First American Title, agreed to pay $1.185M in fines and costs to settle inducement allegations
by Matt Carter Dec 29
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
New, deeper mortgage relationships boost Blend's Q2 revenue
The San Francisco-based cloud banking software developer reported second quarter revenue of $32.1M, up 46% from a year ago, according to an earnings call on Friday
by Matt Carter Aug 23