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Real estate players were under fire last month for unsolicited calls, including Keller Williams which agreed to pay a $40 million settlement over alleged violations.
February 9
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The regulator said it is a violation of anti-kickback rules to present lender results based on their payment to the platform rather than criteria that serves the potential borrower.
February 9
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The company's mortgage operations posted a $24 million pretax profit thanks to servicing, while loan production saw a loss.
February 8
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The company's controlling shareholder wants to replace former HUD Deputy Secretary Pam Patenaude on its board with title company executive Steve Ozonian.
February 8
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Markets are beginning to price in a higher federal funds rate target as Federal Reserve officials hint at more restrictive policies to tamp down inflation.
February 8
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The bank's delay in investigating the case forced the plaintiff to resign from the bank in July 2021, according to the complaint. Wells said that it takes allegations of misconduct "very seriously."
February 8
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The publicly traded acquirer is looking to grow market share by selectively purchasing companies to beef up its influence in certain regions.
February 8
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Refinances surged 18% compared to the prior week and purchases 3%, but growing loan amounts signal still-limited affordability.
February 8
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The reduction of 350-400 roles comes weeks before the Ann Arbor, Michigan-based lender is set to report its fourth quarter earnings.
February 7
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Virginia and Montana both introduced new bills in the past month, potentially joining several other states in enacting policies that would increase business opportunities for lenders.
February 7
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The lender will cover the court-related costs and penalties professionals may incur for breaking their pact with United Wholesale Mortgage.
February 7
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Adding pricing considerations tied to debt-to-income ratios, which frequently fluctuate, are destined to create problems with borrowers and internal operations, the Mortgage Bankers Association wrote.
February 7
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The Fannie Mae Home Purchase Sentiment Index rose for the third straight month, but concerns about affordability still weigh heavily on the minds of many Americans.
February 7
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A series of recent studies offer a view into the dynamics that will impact home sales in 2023.
February 7
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More incentives are coming for servicers as a greater number of distressed borrowers get expanded access to more affordable, streamlined modifications.
February 7
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More than half of borrowers paid 0.5 points or more to cut their interest rate for the life of the loan, while just 3% chose the short-term option, Black Knight said.
February 6
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The threshold for the obligation has been lowered to 25 closed-end mortgage loans originated in each of the two preceding calendar years, according to a bulletin published on the OCC's website.
February 6
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Townstone Financial in Chicago had been accused of discriminating against certain consumers by trying to discourage them from applying for home loans. However, a judge ruled that federal law protects only actual applicants.
February 6
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Last year, the company appeared to be on track to raise $300 million but has since reduced its target by two-thirds.
February 6
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It's less expensive to rent in 45 of the nation's 50 largest metros, a ratio that has grown significantly since the end of 2021, according to Realtor.com.
February 6
