DOJ and Rocket Mortgage Request Delay in Fair Housing Case for Settlement
DOJ and Rocket Mortgage aim to pause discovery in a Fair Housing Act lawsuit, focusing on a potential settlement conference that could influence industry practices.
Lenders prompted to address business challenges prior to adopting AI
Panelists at the HW AI Summit emphasized the importance of human oversight and vendor controls in AI to ensure compliance with fair lending regulations.
CCM plans $500 million senior notes issuance ahead of Two Harbors closing.
CrossCountry Intermediate Holdco (CCM) plans to issue $500 million in senior unsecured notes, aligning with its anticipated acquisition of Two Harbors Investment Corp.
UWM Under Investigation for Fraud and Analyst Downgrades Following Q2 Loss
UWM Holdings Corp. is under scrutiny due to a securities fraud investigation and recent losses, compounded by a significant capital raise amid Wall Street cuts.
Splitero broadens home equity investment options to four additional states.
U.S. homeowners possess $35 trillion in home equity, often constrained by low mortgage rates and stringent income criteria, presenting challenges for private lenders.
Douglas Elliman Reduces Q2 Losses Amid AI Overhaul Launch
Douglas Elliman reported improved financial results, signaling a positive outlook for the real estate industry, which may benefit private lenders seeking opportunities.
MITT to Acquire Cherry Hill, Establishing $9 Billion Residential Mortgage REIT
TPG Mortgage Investment Trust Inc. is set to acquire Cherry Hill Mortgage Investment Corp. in a cash-and-stock transaction valued at approximately $117.5 million. This strategic move will establish a robust $9 billion residential mortgage REIT platform, enhancing market presence and operational synergy.
Paul Fiore on Serving Senior Homeowners: A Holistic Approach is Essential
HighTechLending stands out in the reverse mortgage sector with a top 10 ranking in Home Equity Conversion Mortgage endorsements while offering diverse lending solutions.
Renewing the Commitment to Homeownership in America’s 250th Year
As the U.S. nears its 250th anniversary, housing emerges as key to economic opportunity, with millions burdened by high rent. Funding initiatives are essential.
Gibson Suit Plaintiffs May Inform MLSs of Settlement Data Responsibilities
Judge Bough allows Gibson plaintiffs to inform opt-in MLSs about settlement terms, mandating the sharing of listing and commission data through providers like FBS.