Second Circuit rejects RESPA damages claim against Newrez, PHH Mortgage.
Appeals court affirmed dismissal of a RESPA damages claim against Newrez and PHH while a dissent raised legal and postage cost issues from unanswered.
Victor Ciardelli discusses Rate and Compass JV merger into top-10 lender.
Details on Guaranteed Rate Affinity and OriginPoint merging under the OriginPoint brand and what the combined retail platform means for distribution.
Concessions field issues undermining pay-for-listing data models.
Shows how nonnumeric concession entries lead contribution credits to reward volume over value, undermining pay-for-listing models and lender data quality.
Compass expands agent benefits to include health and retirement support.
Compass partners with Stride and TouchCare to assist agents with ACA plan selection and billing dispute support. The article also covers Morgan Stanley.
Mortgage rates steady as markets absorb Fed remarks and Trump directive.
30-year fixed at 7.38% as markets digest Fed comments and a likely 25-bps hike; lenders and servicers should monitor lock activity and pipeline risk.
Why hand calculations still outperform spreadsheets in builder deals.
Shows how pencil-and-paper checks expose anomalies and dependencies spreadsheets can hide. Useful to lenders and servicers assessing builder risk.
Better founder Vishal Garg outlines Tinman AI platform shift.
Garg explains Better's pivot from DTC lending to a Tinman AI platform and why it matters for origination and servicing operations.
Only individuals with a direct stake should oversee AI mortgage tools.
How compliance-focused rules and follow-up workflows can break generic chatbots in production lending, and what private lenders and servicers must address.
Proposition 43 would tighten approval for local property tax measures.
Details a measure requiring two thirds approval for local special taxes, including property levies, and the potential impact on funding and servicing risk.
Proposition 45 Would Speed Permit Timelines and Limit CEQA Lawsuits
Proposition 45 would offer eligible housing projects a faster environmental-review route, while narrowing court remedies and drawing opposition from.