Tag Archives: respa

NAR settlement may disrupt mortgage partner agent programs

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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 →

Newzip signs third mortgage lender to its agent-matching service

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State Employees Credit Union of Maryland is the third lender to sign with Newzip, which helps lenders court homebuyers by offering them discounts when they agree to work with preferred real estate agents. Continue reading →

Freedom Mortgage to pay $1.75M to settle agent kickback scheme

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Regulators claim lenders’ marketing agreements with more than 40 real estate brokerages, including Realty Connect USA, were a conduit for kickbacks that generated more than 1,000 mortgage referrals. Continue reading →

Newzip helps mortgage lenders connect borrowers to agents

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Former Keller Williams Realty exec’s startup enables virtually any mortgage lender to emulate programs offered by bigger rivals, such as Rocket Mortgage, loanDepot and Better. Continue reading →

Mortgage rate gap among lenders wider than previously understood

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A homebuyer taking out a $300,000 loan could end up overpaying by $1,200 a year — and even more if they’re in the market for a jumbo, FHA or VA mortgage, according to a new CFPB analysis. Continue reading →

Stricter rules eyed for controversial PACE energy improvement loans

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PACE loans can burden homeowners with higher property tax bills that heighten the risk they’ll get behind on their mortgages, federal regulators say. Continue reading →

Zillow settles shareholder lawsuit over co-marketing program

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Zillow has maintained its agent-lender co-marketing program is RESPA compliant, and admitted no wrongdoing while agreeing to pay $15 million, which was granted preliminary approval Monday Continue reading →

Rocket Homes is target of ‘ongoing law enforcement investigation’

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The Consumer Financial Protection Bureau launched an investigation into Rocket’s real estate brokerage arm in 2020 on eve of the company’s IPO. Three years later, the probe is ongoing. Continue reading →

Rocket Mortgage courting buyers who work with partner agents

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The lender’s new “BUY+” program provides closing credit of up to $10,000 to homebuyers working with one of more than 20,000 Rocket Homes Partner Agents, it was announced Monday. Continue reading →