Five states file lawsuits against Zillow and Redfin regarding $100M rental deal.
Attorneys general in Virginia, Arizona, New York, Connecticut, and Washington initiate lawsuits mirroring the FTC's actions, impacting private lending practices.
Explaining Business Purpose and Consumer Loans
Understanding the key differences between business purpose and consumer loans is essential for private lenders to assess risk, compliance, and borrower eligibility effectively.
Jay Bray Appointed CEO of Rocket Mortgage Following $14.2B Mr. Cooper Deal
Mr. Cooper will be rebranded as part of Rocket, with CEO Jay Bray stepping into the role of president and CEO at Rocket Mortgage, signaling significant industry consolidation.
Government Shutdown’s Significant Impact on the Housing Industry
Government shutdown may disrupt approximately 1,400 home sales daily, creating uncertainty in the market and impacting private lenders' strategies.
Supreme Court postpones decision on Lisa Cook’s role at the Federal Reserve.
Lisa Cook maintains her position as a Federal Reserve Governor pending Supreme Court hearings on her potential removal, impacting economic policy and lending decisions.
Zillow alleges CoStar is using litigation to stifle competition.
Zillow seeks a pre-hearing conference to discuss its motion to dismiss a lawsuit and transfer the case to Washington, signaling strategic legal maneuvering.
UWM Reduces Title Fees for Refinance Borrowers
UWM enhances cost efficiency for refinance borrowers by refining its TRAC+ title review and closing alternative, streamlining the process and reducing expenses.
Corcoran announces New Mexico affiliate based in Santa Fe.
Broker and CEO Rob Thorwald leads a firm specializing in lending solutions, servicing the city and extending to areas near the Colorado border.
Recent Data Indicates Continued Deceleration in Home Price Growth
FHFA's latest data reveals a continued slowdown in home price acceleration, indicating potential shifts in the housing market. Learn more about the implications.
FTC Lawsuit Alleges Zillow-Redfin Partnership Harms Market Competition
The FTC has filed a lawsuit against Zillow and Redfin, alleging collusion to restrict competition in the rental listing market, impacting private lenders.