In a move that could pose challenges for lenders that employ AI and algorithms to evaluate borrowers, federal housing officials are moving moving to rescind policies to protect lenders and other businesses from claims of inadvertent discrimination. Continue reading
Lenders can use borrower’s actual monthly student loan payment when calculating their overall debt burden. Continue reading
Despite its title — “The End of the Two-Sided Deal: Will This Be The New Normal?” — a panel at Inman Connect quickly turned into an intense debate over the role of pocket listings. Continue reading
During a speech kicking off Inman Connect, Inman said that the industry has evolved quickly during difficult times, but needs bold leadership to overcome challenges that are holding up supply Continue reading
Canada is tightening standards for mortgages over worries about rising home prices, with the Greater Toronto Area, Hamilton and Montréal markets particular causes for concern. Continue reading
The CDC is facing another legal challenge of the federal agency’s nationwide eviction moratorium, this time from the Florida Association of Realtors, which claims the agency lacks the authority to be “the nation’s landlord-in-chief.” Continue reading
The National Advertising Division of BBB National Programs takes issues with promises by Quicken Loans that “No Registration, No Login” is required in company advertisements “encouraging consumers to refinance their mortgage and learn more about its lo… Continue reading
U.S. Sen. Joe Manchin, a Democrat, and Shelley Moore Capito, a Republican, discussed making deals across the aisle at the National Association of Realtors’ midyear conference. Continue reading
During a panel about lobbying at the Realtors Legislative Meetings, the trade group explained that building a relationship with a congressperson or senator is like building a relationship with a friend — it takes time and is not a one-way street. Continue reading
Acquisition of Texas Capital Bank’s correspondent lending business is expected to double the channel’s volume for PHH Mortgage. Continue reading