Tag Archives: regulations

Ocwen agrees to settle decade-long suit over BPO, valuation fees

By | | Uncategorized
Comments Off on Ocwen agrees to settle decade-long suit over BPO, valuation fees

Up to 330,377 homeowners from whom Ocwen collected mortgage payments could be eligible to claim refunds of $60 per broker price opinion and $70 per hybrid valuation Continue reading →

Top New Jersey loan mortgage originator charged with fraud

By | | Uncategorized
Comments Off on Top New Jersey loan mortgage originator charged with fraud

Mortgage fraud scheme allegedly listed investors as homeowners to secure lower interest rates, prosecutors allege in criminal complaint against “Team Gallo” leader and his assistant. Continue reading →

Lamacchia: ‘Nothing’s changed’ about mortgage commission rules

By | | Uncategorized
Comments Off on Lamacchia: ‘Nothing’s changed’ about mortgage commission rules

Anthony Lamacchia thinks some agents are reading too much into guidance issued by mortgage giants Fannie Mae and Freddie Mac confirming sellers can continue to pay buyer’s agents’ commissions. Continue reading →

Proptech investment is way down — but these 4 areas still see demand

By | | Uncategorized
Comments Off on Proptech investment is way down — but these 4 areas still see demand

AI, green building and energy transition, and property and transaction management solutions are still seen as stable investments by VC firms, recent reports show, despite an overall decline in investments in proptech. Continue reading →

Industry gets some clarity on mortgage commission rules

By | | Uncategorized
Comments Off on Industry gets some clarity on mortgage commission rules

Fannie, Freddie and FHA say sellers can continue to pay the buyer’s agent’s commission. But it remains to be seen if buyers will be allowed to finance their agent’s commission into their mortgage. Continue reading →

UWM CEO Mat Ishbia claims Rocket Mortgage behind attacks

By | | Uncategorized
Comments Off on UWM CEO Mat Ishbia claims Rocket Mortgage behind attacks

Hunterbrook Media founder dismisses Ishbia’s take as “baseless conspiracy theory”, while Rocket says it and founder Dan Gilbert have no financial interests or relationship to Hunterbrook. Continue reading →

Nation’s largest mortgage lender shorted by Park Avenue hedge fund

By | | Uncategorized
Comments Off on Nation’s largest mortgage lender shorted by Park Avenue hedge fund

United Wholesale Mortgage denied explosive allegations that many mortgage brokers who send it business aren’t shopping around for best deals. UWM dismissed a related lawsuit as “a sham.” Continue reading →

LoanDepot settles high-profile appraisal bias lawsuit filed in 2022

By | | Uncategorized
Comments Off on LoanDepot settles high-profile appraisal bias lawsuit filed in 2022

Lender revises appraisal policies and practices in wake of lawsuit by Baltimore couple who claimed their home was undervalued by more than $250,000 because they were Black. Continue reading →

Congress grants National Flood Insurance Program a reprieve

By | | Uncategorized
Comments Off on Congress grants National Flood Insurance Program a reprieve

The $1.2 trillion funding bill passed by the House Friday averts a partial government shutdown and extends a critical insurance program that protects 4.7 million homes through the end of September. Continue reading →

NAR settlement may disrupt mortgage partner agent programs

By | | Uncategorized
Comments Off on NAR settlement may disrupt mortgage partner agent programs

If homebuyers are no longer willing to pay full commissions, what happens to lender programs that incentivize consumers to work with partner real estate agents? Continue reading →