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MBA: Home equity debt rose 10% in 2024 — signaling it as a ‘product of choice’
MBA’s Home Equity Lending Study found that lenders expect nearly 10% growth in HELOC debt and about 7% in home equity loan debt in 2025.
End in sight? MLS PIN, Nosalek plaintiffs ask for final approval of settlement
In June, Judge Patti B. Saris granted preliminary approval of the fourth amended settlement after years of back and forth with the DOJ.
loanDepot lawsuit directs a spotlight on LO comp practices
Attorneys told HousingWire that lenders often allow compensation tied to lead source and internal loan transfers—a practice highlighted in the loanDepot case.
TransUnion, Truework add mortgages to income verification tool
TransUnion and Truework have enhanced their verification of income and employment partnership to include mortgage lending.
FHA extends foreclosure, eviction moratorium for LA wildfire victims to July
The Federal Housing Administration (FHA) on Thursday announced that a moratorium on foreclosures and evictions for people impacted by the wildfires in Los Angeles County will be extended for another 90 days. The moratorium is now slated to end July 7.
Union Home Mortgage sues 9 ex-employees for non-compete breach
Union Home Mortgage (UHM) is suing nine former employees on claims they breached several agreements, including non-compete agreements. The Feb. 17 complaint, which is filed at the United States District Court for the Northern District of Ohio, explains that eight managers and one loan officer, based on the East Coast, all transitioned to American Pacific […]
DOJ wants to participate in oral arguments at REX appeal
The DOJ has asked the Ninth Circuit Court of Appeals for time to speak at next month’s oral arguments in the case involving REX, NAR and Zillow.
Commission facilitator RLTYco secures $20 million in Series A funding
RLTYco, a New York-based company that provides services related to commissions, taxes and health care, has secured $20 million in Series A funding with the hope of providing real estate professionals access to their commissions in as little as 24 hours.
Amy Lessinger resigns as RE/MAX president
Lessinger’s resignation comes less than a year since she took the helm, as RE/MAX continues to struggle with revenue and agent count.
