U.S. Judge Rules False Advertising Claims in Zillow Case are Enforceable

2023-08-21T12:38:40-07:00private loan servicing company, private mortgage loan servicing companies|

Private lenders now have more clarity on the ongoing legal battle between Zillow, NAR, and REX Real Estate. Get an expert summary on how the court's decision affects the mortgage industry.

Freedom Mortgage & Realty Connect Fined $2M for Illegal Kickbacks

2023-08-18T06:20:16-07:00private mortgage loan servicing companies|

This CFPB ruling is a landmark event that impacts the entire real estate, private lender, and mortgage industries. Learn about what these landmark orders mean for private lenders and how they are affected, without any hidden kickbacks. Discover the implications of this 1974 Real Estate Settlement Procedures Act enforcement and its potential ramifications long-term.

Construction Firm & Agent Squeeze in Phoenix Due to Building Restrictions

2023-08-16T14:14:58-07:00loan servicing for private money lenders, private mortgage servicing companies|

The Arizona drought has caused concern among residential builders and agents: Phoenix is no longer issuing building permits in certain areas. Discover how the lack of permits affects the private lending sector. Learn how lenders can help ease the strain in these challenging times.

Housing starts increase in July despite challenges.

2023-08-16T13:26:01-07:00loan servicing for private money lenders, private mortgage loan servicing companies|

Discover the key implications for the mortgage industry of U.S. single-family homebuilding building picking up in July, reaching a seasonally adjusted annual rate of 1.452 million. A deep dive on why starts have been down 13 of the last 15 months on a year over year basis and what it means for lenders.

Mortgage News: Striking the Right Balance With IMBs

2023-08-16T08:33:15-07:00private lender servicing, private mortgage servicing|

This week's DataDigest provides an insightful look into the world of mortgage lending. Discover the top lenders, their strategies, and explore when great opportunities may be available for private lenders. Start reading now for an expert guide on mortgage industry news!

GSE Single-Family Pricing Changes Aim to Streamline Capital Requirements – HPC

2023-08-16T05:22:44-07:00loan servicing private lenders, private loan servicing company|

"FHFA should coordinate with banking regulators to ensure that capital requirements are effectively streamlined and Up front mortgage guarantee fees are retained, according to the Housing Policy Council (HPC). Ensure updated and effective regulatory oversight for lenders and borrowers alike."

Former Employees Sue Rocket Mortgage for Unpaid Overtime Wages

2023-08-15T09:42:55-07:00private lender servicing, private money loan servicing|

This meta title will help private lenders stay informed about the growing issue of lack of overtime pay in the mortgage industry. "Two Private Mortgage Lenders Sue Rocket Mortgage for Unpaid Overtime - Details of the Class-Action Lawsuit" providing an insight into a lawsuit claiming unpaid overtime wages.

Mortgage Rates Surge, Rate Lock Activity Decreases

2023-08-14T13:02:52-07:00private mortgage loan servicing companies, private mortgage servicing companies|

Purchase lending remains the most prominent form of mortgage activity in the market, accounting for 88% of all loan locks. Year over year, purchase lock counts have dropped a significant 27%. Get the latest insights and information from a trusted mortgage industry expert.

Rocket Mortgage to Hire 500 Remote LOs by 2023

2023-08-14T08:18:58-07:00loan servicing private lenders, private lender servicing|

Rocket Mortgages, a private lender, plans to hire 500 new loan originators to aid their presence in the purchase market. Keep up with the latest trends in the mortgage industry to make sure you are making the best decisions for your clients.

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