FCC warns of massive spoofing op impersonating mortgage lenders
'Green Mirage' phone scam targets homeowners in all 50 states from India, using the caller ID of the borrower's actual mortgage lender and tricking victims into making payments to US 'mules'
by Matt Carter 14 days ago
Loan servicer agrees to $20M fine over 2021 cybersecurity breach
Bayview Asset Management and affiliates settle allegations that security was deficient and state regulators were stymied in investigation of 2021 incident affecting 5.8M customers
by Matt Carter Jan 8
Manufactured homebuilder's lender draws regulatory scrutiny
Vanderbilt Mortgage, which also does business as Silverton Mortgage, is accused by CFPB of approving loans that it knew, or should have known, borrowers couldn't repay
by Matt Carter Jan 6
CFPB tightening underwriting for PACE energy improvement loans
PACE lenders object to rule requiring them to evaluate borrowers' ability to repay and provide more comprehensive disclosures so homeowners can comparison shop for other financing
by Matt Carter Dec 17
Nation's biggest lender, UWM, is piloting Fannie Mae title waivers
Trade group for title insurers complains federal regulators are disregarding the views of lawmakers in allowing the program to move forward on the eve of a 2nd Trump administration
by Matt Carter Dec 12
Rocket Mortgage sues HUD over alleged appraisal bias 'tightrope'
Responding to appraisal bias lawsuit, Rocket claims the government requires lenders to grant appraisers independence, then holds them liable if those appraisers engage in discrimination
by Matt Carter Dec 5
NAR's commission settlement has been approved. But is it really over?
Opinion
Not even a last-minute twist could stop this train, writes University at Buffalo law professor Tanya Monestier, who envisions a long road before the courts truly wash their hands of commissions
by Tanya Monestier Nov 27
HUD raising FHA ceiling in high-cost markets to $1.2M next year
Adjustment for rising home prices increases FHA ceiling in high-cost markets like New York, San Francisco and Washington, D.C., and raises the floor in low-cost markets to $524,225
by Matt Carter Nov 26
Fannie, Freddie loan limits upped to $806,500 in most markets
Mortgage giants will be allowed to back loans of up to $1.2M in high-cost markets, providing ammo to critics who say goverment backing for mortgages adds to affordability woes
by Matt Carter Nov 26
Buyer-broker agreement may limit how brokers compete, DOJ warns
Ahead of a final Nov. 26 approval hearing on NAR's proposed class-action settlement, DOJ lawyers narrowed in on a provision requiring written agreements between buyers and agents before tours
by Taylor Anderson Nov 25
Ben Carson reportedly in the running to lead HUD again
As a Project 2025 author, Carson advocated raising FHA premiums and for a 'reset' of HUD to reverse 'corrosive progressive ideologies across the department’s programs'
by Matt Carter Nov 22
Campaign to stop Fannie Mae title waiver pilot program resumes
Title insurers have waged a protracted PR and lobbying campaign opposing the pilot program and other title insurance alternatives endorsed by the Biden administration and consumer groups
by Matt Carter Nov 20
Healthy FHA reserves justify premium cuts, lenders say
Private mortgage insurers are hoping to head off a repeat of the 35% reduction approved by the Biden administration last year, which is projected to save homebuyers $5.1B over 10 years
by Matt Carter Nov 15
Impact of NAR's commission rule change illuminated in Q3 earnings
In the wake of the National Association of Realtors' 3-month-old rule change, executives are reassessing agent pay amid pressure on commissions, an analysis of Q3 earnings data shows
by Jim Dalrymple II Nov 12
Social issues, not industry chaos, will guide agents at the ballot box
Commission chaos has disrupted real estate's status quo in unique ways in 2024, but social issues have been the reason for more political donations from agents, according to an analysis by Inman
by Jim Dalrymple II Nov 5
Judge grants final approval to 9 commission lawsuit settlements
Judge Stephen Bough granted approval for settlements involving Compass, Douglas Elliman, @properties and other companies. Collectively, the companies will pay $110M to resolve litigation
by Jim Dalrymple II Oct 31