A federal court in Missouri has approved settlements for three cases over buyer real estate broker fees with a trio of real estate franchisors following a last-minute attempt to derail…
Mortage
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A former loan originator has pleaded guilty to scamming Chicago-area homeowners in a reverse mortgage scheme that prosecutors say caused $6 million in losses. Mark Steven Diamond, 67, faces up…
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Fannie Mae is making a key underwriting tool used for certain types of mortgages free of charge on its website. The government-sponsored enterprise’s income calculator, which serves lenders who originate…
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Mortgage rates declined for the first time in six weeks, following a 12-day period in which the benchmark 10-year Treasury fell 31 basis points from its high to low points.…
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UWM Holdings returned to profitability in the first quarter, helped by doing the most purchase volume for this particular three-month period leading to gain-on-sale margins moving above 100 basis points.…
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Housing market conditions today might be opening a window of opportunity for new types of products that give buyers an edge in a competitive environment. Lenders often stress the need…
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A consumer is suing mortgage lender Loandepot for an alleged onslaught of live and pre-recorded telemarketing calls. Robert Hubble, resident of Lake George, Michigan, claims that from March 27 to…
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A federal court has dealt minor blows to both the Consumer Financial Protection Bureau and Freedom Mortgage in the regulator’s complaint over alleged bad loan data submissions. U.S. District Judge…
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A federal judge in Illinois has denied the plaintiffs’ motion in a separate case for an injunction preventing the final approval of the Burnett settlement — a landmark case filed…
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All but a handful of markets reported quarter-to-quarter home price increases in the first three months of this year, with 30% of them reporting double-digit gains, the National Association of…