FHFA Creates Tip Line for Reporting Mortgage Fraud
FHFA Director Bill Pulte emphasizes the importance of combating mortgage fraud and announces a new email for reporting suspicious activities.
BofA and Citi anticipate slower growth as mortgage business weakens.
Bank of America and Citi have reported decreased mortgage production, indicating potential ongoing challenges for private lenders in the current market landscape.
HomeServices of America appoints Chris Kelly as CEO, succeeding Blefari.
Former CEO Gino Blefari has stepped down to become chairman emeritus, signaling a shift in leadership and strategic direction for the company.
Rocket Pro TPO Integrates with the ARIVE Platform
Rocket Companies enhances its wholesale capabilities by integrating Rocket Pro TPO with the ARIVE broker platform, streamlining processes for private lenders.
Reasons Most Broker Owners Struggle to Achieve Profitability
Discover why many real estate brokers face financial challenges despite the allure of ownership, including high costs and competitive pressures. Learn more now.
ARM Applications Hit Peak Levels Since Late 2023
Adjustable-rate mortgages now account for 9.6% of all applications, marking the highest activity level since late 2023, indicating shifting borrower preferences.
Blend and Alloy Enhance Partnership for Fraud Prevention Efforts
Blend customers can now enhance their consumer banking solutions by integrating Alloy’s identity verification and fraud prevention features for improved security.
Redfin Adopts Zillow’s Policy Against Private Listings
Redfin's CEO emphasizes transparency in the housing market, aligning with Zillow's move to restrict private listings. Discover the implications for lenders.
FBI Issues Warning About Increase in Home Title Theft Cases
FBI warns of increased home title theft, where scammers forge documents to fraudulently transfer property ownership, targeting vulnerable homeowners.
FinCEN Extends Geographic Targeting Orders for Real Estate Transactions
FinCEN's renewed Geographic Targeting Orders aim to bolster transparency in real estate transactions, impacting private lending strategies and compliance.