Tag Archives: regulations

EasyKnock juggling lawsuits, regulators in multiple states

By | | Uncategorized
Comments Off on EasyKnock juggling lawsuits, regulators in multiple states

Sale-leaseback platform tells NPR civil lawsuits in Texas and other states are “meritless” and that it’s cooperating with attorneys general in Massachusetts and Michigan. Continue reading →

RealPage lays off 4% of workforce amid ongoing lawsuits and probe

By | | Uncategorized
Comments Off on RealPage lays off 4% of workforce amid ongoing lawsuits and probe

The layoffs include employees at various levels of the company and come as RealPage faces scrutiny from federal regulators, who claim its software allows landlords to collude on rent. Continue reading →

Freddie Mac will dip a $2.5B toe into the second mortgage market

By | | Uncategorized
Comments Off on Freddie Mac will dip a $2.5B toe into the second mortgage market

Modest pilot program approved by federal regulators was opposed by banks who have traditionally provided most home equity loans. Nonbank lenders have already made inroads into the business. Continue reading →

‘Not warranted’: DOJ pushes back against NAR rehearing request

By | | Uncategorized
Comments Off on ‘Not warranted’: DOJ pushes back against NAR rehearing request

The U.S. Department of Justice on Monday argued NAR “does not identify any errors of law or fact meriting panel rehearing” over whether the antitrust enforcer can reopen its probe into NAR rules. Continue reading →

Legislation takes aim at hedge fund landlords — but challenges remain

By | | Uncategorized
Comments Off on Legislation takes aim at hedge fund landlords — but challenges remain

Introduced in December, the “End Hedge Fund Control of American Homes Act” has stalled but seeks to deter large investors from gobbling up single-family homes. Critics say it’s misguided. Continue reading →

UWM’s 0-down loans a hit with buyers, worry consumer advocates

By | | Uncategorized
Comments Off on UWM’s 0-down loans a hit with buyers, worry consumer advocates

Unlike subprime loans that were subjected to minimal underwriting standards in the runup to the housing crash and 2007-09 Great Recession, UWM’s zero-down loans have to meet criteria set by mortgage giant Freddie Mac. Continue reading →

Bank launches Spanish website in wake of redlining settlement

By | | Uncategorized
Comments Off on Bank launches Spanish website in wake of redlining settlement

Washington Trust “vehemently” denied the allegations leveled by the Justice Department last fall, but agreed to invest and spend at least $9 million to improve access to mortgage credit in minority neighborhoods in Rhode Island. Continue reading →

Cap on servicer fees for FHA loan assumptions doubled to $1,800

By | | Uncategorized
Comments Off on Cap on servicer fees for FHA loan assumptions doubled to $1,800

While lenders welcomed the increase, it might benefit homebuyers as well, by giving loan servicers more incentive to process FHA loan assumptions quickly. Continue reading →

UWM expands program that dispenses with title insurance

By | | Uncategorized
Comments Off on UWM expands program that dispenses with title insurance

Nation’s largest mortgage lender says brokers “will no longer need to work with a title company or settlement agent for title work, balancing fees, scheduling closing or any related communication.” Continue reading →

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 →