Plaintiffs Challenge Veterans United’s Motion to Dismiss RESPA Class Action
Fifteen plaintiffs claim Veterans United Home Loans engaged in an illegal kickback scheme, allegedly steering borrowers into higher-cost VA loans.
Housing Organizations Request Pulte to Postpone New Condo Financing Rules
Housing groups urge the FHFA to ensure new policy changes enhance building safety while maintaining affordable homeownership access. Read more here.
Highlights and Challenges in Real Estate for the Week of July 6-10
University seeks to evict an elderly homeowner, a surge of young buyers enters the market, and significant developments at the 9/11 site. Stay informed.
Toll Brothers Introduces New Community Near Sacramento
Discover an emerging Sacramento-area community by Toll Brothers, featuring spacious homes priced from the mid-$900,000s, ideal for discerning private lenders.
Compass, MRED, and Zillow Exchange Briefs in Chicagoland MLS Lawsuit
Legal filings follow a hearing on Zillow's motion for an injunction to prevent MRED from limiting its listing data feeds, impacting real estate dynamics.
Bright MLS Discusses Rule Updates for Enhanced Flexibility and Seller Privacy
Discover streamlined listing submissions, unified consumer display standards, enhanced privacy controls, and expanded pre-marketing opportunities for private lenders.
CFPB Requests Feedback on Mortgage Disclosures and TRID Regulations
The CFPB seeks feedback on TRID, refinance rescission, and reverse mortgage disclosures, examining potential cost implications and accessibility challenges.
Challenges in Achieving Mortgage Rates Exceeding 7%
The 10-year yield reached 4.60% amidst Iran-related news, yet tighter spreads suggest a base rate of 6.50% to 6.75%, making a 7% rate unlikely.
Mortgage Applications Decline Amid Holiday Week and Rising Rates
Mortgage applications declined by 2.2% for the week, driven by a 4% drop in refinances and a 1% decrease in purchase activity, indicating market slowdown.
Douglas Elliman Introduces AI Business Unit and Comprehensive Tech Overhaul
Douglas Elliman aims to cut non-commission operating expenses through automation and tech consolidation, enhancing efficiency in its business model.