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Wells Fargo accused of charging undisclosed float fees to mortgage borrowers
A new lawsuit accuses Wells Fargo of secretly charging improper float fees to mortgage borrowers for over a decade
The case for compliance automation
Mortgage compliance has always required precision. But in today’s environment, it demands something more to ensure a smoother process for serving borrowers: speed. Regulatory scrutiny is rising and evolving rules are making compliance more complex. Regulators now expect lenders to demonstrate, continuously and in real time, that every interaction meets compliance standards.
Judge dismisses Maryland appraisal discrimination case and defamation countersuit
A federal judge in Maryland has dismissed the claims of both the plaintiffs and defendants in an appraisal discrimination lawsuit.
The playbook for a rookie loan officer: What I’m telling my son before his first year
Entering the mortgage industry as a loan officer can be both exciting and overwhelming. With a 100% commission-based structure, success isn’t guaranteed—it’s earned. The first year is crucial for developing the habits, relationships, and skills that lay the foundation for long-term success.
Oregon reverse mortgage bill that could halt proprietary business may be amended
A bill that appeared to target reverse mortgage business in the state may be amended to reflect a more narrow target after industry professionals weighed in.
Despite aging-in-place preferences, senior support services are in short supply
Older Americans want to age in place in their own homes, and they also want to remain in their current communities. But these desires could clash with a reality that many communities across the country simply don’t have the resources to support seniors,
Court grants CoStar’s motion for discovery in legal battle with Move
Move asked the court to grant a preliminary injunction against CoStar without discovery, but the court ultimately sided with CoStar.
Commission sharing websites have emerged. But it’s buyer beware
With offers of compensation banned from the MLS, some are looking at other platforms for sharing compensation offers. But the DOJ and lawyers might see it as a violation of the settlement terms.
Montana’s housing market experiences a summer cooldown
Despite cooler market conditions, local buyers in Montana are still struggling to afford homes after out-of-state buyers drove up prices during Covid.
