Tag Archives: respa

Could your lender co-marketing violate RESPA? The Download

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Learn more about a North Carolina “pay-for-play” scheme, and get new ideas for optimizing your marketing while providing clients with the finance-related guidance they need. Continue reading →

Homebuyers sue brokerage they allege steered them to lender

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Raleigh Realty and CrossCountry Mortgage are accused in six separate lawsuits of operating an illegal “pay-to-play” scheme in violation of the Real Estate Settlement Procedures Act (RESPA). Continue reading →

Dream Finders Homes grows its mortgage, title insurance footprint

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Alliant National acquisition brings 700 independent title agents in 32 states to Dream Finders, which provided financing on 72 percent of the homes it built last year through subsidiary Jet HomeLoans. Continue reading →

Rocket: Redfin acquisition will cut consumer transaction costs by half

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Rocket executives say that a whopping $20,000 in savings from unifying home search, buying, selling, mortgage, title and servicing could allay antitrust concerns and keep regulators at bay after the deal closes. Continue reading →

Rocket Homes off the hook as Trump’s CFPB drops lawsuits

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RESPA complaint that accused Rocket Homes of favoring real estate agents who steered clients to Rocket Mortgage is dismissed “without prejudice” by CFPB’s new leadership. Continue reading →

Trump nominates Jonathan McKernan as director of CFPB

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President Donald Trump has nominated Jonathan McKernan as the new director of the Consumer Financial Protection Bureau (CFPB), a major move in the administration’s broader government restructuring. McKernan’s nomination has been sent to the Senate for … Continue reading →

CFPB is latest target of Trump’s downsizing government campaign

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Democrats vow to fight moves to “unlawfully ‘delete’ this popular consumer watchdog that enjoys the broad bipartisan support of 4 out of 5 Americans.” Continue reading →

Jason Oppenheim identified as mystery broker in kickback plot

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In lawsuits filed this fall, Douglas Elliman accused escrow employees of concocting a commission-sharing scheme with the “star of a reality television show” but stopped short of naming Oppenheim. Continue reading →

To mortgage or not to mortgage? That is the question (for brokers)

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HomeLight CEO Drew Uher says he’s glad to be out of the mortgage business. Fathom CEO Marco Fregenal sees value of being in lending “in a very selective way.” Continue reading →

Title data is helping real estate agents and lenders prospect

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DataTrace, which now operates more than 1,800 U.S. title plants, says the remarkable granularity of its data can help identify renters who are getting ready to buy, empty nesters and fix-and-flip investors. Continue reading →