In his first act as interim Consumer Financial Protection Bureau director, Treasury Secretary Scott Bessent froze action on all rules and litigation. Here’s what that potentially means for the recent slate of rules and lawsuits targeting the mortgage i… Continue reading
In his first act as interim Consumer Financial Protection Bureau director, Treasury Secretary Scott Bessent froze action on all rules and litigation. Here’s what that potentially means for the recent slate of rules and lawsuits targeting the mortgage i… Continue reading
President Trump fired former Consumer Financial Protection Bureau Director Rohit Chopra on Saturday. Treasury Secretary Scott Bessent will take over leadership duties until Trump nominates a new director. Continue reading
Announced Wednesday, Rocket’s new domain targets high-intent homebuyers by utilizing AI to provide around-the-clock support, answer questions and keep clients and agents informed. Continue reading
The Consumer Financial Protection Bureau claims Rocket gave real estate agents incentives to steer consumers away from other companies. Rocket calls the allegations a “lie” and political ploy. Continue reading
Regulators claim lenders’ marketing agreements with more than 40 real estate brokerages, including Realty Connect USA, were a conduit for kickbacks that generated more than 1,000 mortgage referrals. Continue reading
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. Continue reading
A homebuyer taking out a $300,000 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. Continue reading
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
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