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
Prevent being canceled, fined or jailed by understanding fair housing laws and regulations and avoiding violations. Dr. Lee Davenport helps you check yourself. Continue reading
The National Asian American Coalition said only a small percentage of the counseling sessions it billed California $12 million for was actually provided. Continue reading
Investors claimed they were misled about bank’s progress in fixing governance and oversight issues that came to light in wake of 2016 “fake accounts” scandal. Continue reading
Lending industry groups like the Mortgage Bankers Association called a fee based on borrower’s debt-to-income ratio “unworkable.” Continue reading
An Inman analysis of NAR data on residential sustainability over the past seven years reveals that fewer agents and brokers believe touting energy efficiency in listings elicits meaningful results. Continue reading
Experts participating in BAD INPUT argue technology could expand access to credit, but also perpetuate discriminatory lending unless it is closely overseen. Continue reading
PACE loans can burden homeowners with higher property tax bills that heighten the risk they’ll get behind on their mortgages, federal regulators say. Continue reading
Judge Thomas Zilly denied Zillow’s motion for a protective order, saying CEO Rich Barton must complete three hours of questioning from REX’s counsel about the company’s “Project Bookshelf.” Continue reading
The Federal Housing Finance Agency says risk-based fee increases are aimed at ensuring the mortgage giants’ safety and soundness, not to subsidize fee waivers for buyers of limited means. Continue reading