CrossCountry Mortgage Facing Allegations of RESPA Violations and Kickbacks
Six lawsuits allege that CrossCountry Mortgage paid Raleigh Realty $15,000 monthly during 2021-2022 for exclusive client referrals, raising compliance concerns.
Trigger lead ban bill progresses to the President’s desk for approval.
The Homebuyers Privacy Protection Act (H.R. 2808) advances in the Senate, enhancing privacy measures for homebuyers, a significant shift for private lenders.
Newsom Issues Executive Order to Limit Housing Density in Fire-Affected Regions
California's executive order limits housing density in fire-prone areas, impacting development opportunities and market dynamics in affected regions.
Adriana D. Kugler resigns from her position as Fed governor influencing rates.
Kugler, a recent addition to the board of governors in September 2023, is set to influence policy with a term ending in January 2026, impacting private lending strategies.
Debunking Common Misconceptions About Mortgage Rates
Debunk common myths surrounding mortgage rates that mislead private lenders. Gain clarity on misconceptions impacting informed decision-making in the industry.
NAR secures legal victory as Muhammad suit is dismissed.
Court dismisses third antitrust lawsuit against NAR this summer, citing that the allegations presented were deemed insufficient and lacking substantive detail.
Rocket Reaches Profitability in Q2, Gains from Redfin Partnership
Rocket Companies has regained profitability, overcoming a challenging mortgage market influenced by U.S. economic uncertainties, signaling resilience in the sector.
Real Estate Brokerage Profit Margins Indicate Signs of Stabilization
After a turbulent period, AccountTECH reports emerging profit margin stability for U.S. real estate brokerages, signaling potential growth opportunities for private lenders.
Tri Pointe Homes Launches Its Initial Community in Utah
Tri Pointe Homes is expanding in Utah with plans for four new communities, providing growth opportunities for private lenders in the local real estate market.
Increased Number of Homes with Significant Equity Observed
As the market evolves, 2.7% of mortgaged homes are reported seriously underwater, highlighting lending risks and opportunities in equity-rich environments.