Tag Archives: mortgage

LoanDepot founder gets wish: Ozonian joins board after face-off

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The settlement with loanDepot founder Anthony Hsieh ends a proxy fight that broke out in February after Hsieh was ousted as loanDepot’s executive chairman. Continue reading →

Better workers fear they won’t see $100M in retention stock bonuses

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The mortgage lender says it remains committed to distributing equity-based bonuses to all eligible employees, including $50M from CEO and founder Vishal Garg’s personal equity. Continue reading →

Zillow settles shareholder lawsuit over co-marketing program

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Zillow has maintained its agent-lender co-marketing program is RESPA compliant, and admitted no wrongdoing while agreeing to pay $15 million, which was granted preliminary approval Monday Continue reading →

Rocket Homes is target of ‘ongoing law enforcement investigation’

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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. Continue reading →

Rocket Mortgage courting buyers who work with partner agents

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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. Continue reading →

Altisource sees rise in foreclosures as a path to profitability

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The operator of real estate auction platform Hubzu reports a $53.4 million 2022 net loss, with revenue falling 15 percent to $144.5 million. Continue reading →

Fidelity to pay $3.5M in crackdown on ‘no-poach’ agreements

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Five title insurance companies have paid $8.25 million in the last 18 months to settle antitrust allegations leveled by New York Attorney General Letitia James. Continue reading →

Falling mortgage rates and home prices spur homebuyer interest

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Demand for purchase loans picks up for the fourth straight week as mortgage rates continue to retreat from 2023 highs, according to the latest Mortgage Bankers Association survey released Wednesday. Continue reading →

Rocket’s new Visa rewards card targets first-time homebuyers

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The credit card’s rewards points are structured to incentivize borrowers to choose Rocket Mortgage when financing their homes. Continue reading →

Fully digitized closings can save lenders more than $400 per loan

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Snapdocs research finds often overlooked secondary market efficiencies like reduced funding cycle time account for about 80 percent of savings. Continue reading →