The French affiliate of U.S. builder Kaufman & Broad has agreed to buy a 33.3% equity stake in Seniors Sante, a French nursing home operator.K&B is considering also purchasing a second stake in Seniors Sante that would give it a majority interest in the nursing home company. K&B did not disclose the purchase price, but said the net financial impact on its accounts is expected to be marginal.
The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
