As of Jan. 1, homes in Canada can only be purchased by the nation’s citizens and a few other groups after a new law went into effect. The step’s a campaign promise of Prime Minister Justin Trudeau. Continue reading
The merger with Roscoe State Bank means the Houston-based company’s loan officers are now federal mortgage loan originators who can make loans in 37 states. Continue reading
A trade group representing mortgage brokers launched a political action committee and more than doubled its spending on lobbying in 2022. Continue reading
The industry dodged a meltdown, but skyrocketing mortgage rates fueled a rush to “right size” and helped crown a new leader in mortgage lending. Continue reading
Federal regulators allege bank improperly denied thousands of mortgage loan modifications over at least seven years, in some cases leading customers to lose their homes. Continue reading
Federal regulations provide “zero tolerance” for miscalculating real estate transaction taxes when providing TILA-RESPA integrated disclosure to borrowers, Black Knight warns. Continue reading
President Biden signed the Respect for Marriage Act into law on Tuesday, codifying same-sex and interracial marriage rights. The Act ensures same-sex couples’ marriages would be federally recognized if the Supreme Court overturns Obergefell. Continue reading
The US and Bahamian governments are jockeying to oversee the bankruptcy of crypto exchange FTX — and its trove of real estate holdings — following the arrest Monday of Sam Bankman-Fried in the Bahamas. Continue reading
Prosecutors say Alex Ashod Dadourian, a licensed mortgage loan broker in Southern California, fabricated income and employment verification documents to win approvals for 17 mortgages totaling more than $8 million. Continue reading
The Department of Housing and Urban Development on Monday announced it had prevailed in expanding flood insurance choices for homebuyers with Federal Housing Administration-insured mortgages. Continue reading