CFPB sues Rocket Homes, brokerage over kickback scheme
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The watchdog accuses Rocket Homes and The Mitchell Group brokerage of initiating a plan to generate origination business for Rocket Mortgage.
#banking #finserv #fintech #regulation
on Tue, 7PM
What baby boomers expect to do with their homes
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Boomer wealth surged by $19 trillion in just under five years, with approximately half coming from home equity, according to new Freddie Mac research.
on Fri, 6PM
Suspended multifamily broker claims Fannie made an error
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Eastern Union put the blame on the other company Fannie Mae suspended, Sevenstone Capital, which was by former employees who left over four years prior.
on Dec 12
Rocket Mortgage challenges HUD, DOJ appraisal bias accusations
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Rocket argues it was unfairly tied to discrimination accusations, arguing the government aimed for "headline-grabbing claims" to bolster its case.
on Dec 5
Mortgage industry to see greener pastures in 2025: Fitch
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The credit rating agency believes that mortgage rates will decline in the year ahead, helping to spur lending activity.
on Dec 4
Rocket offers higher home equity loan limit, longer terms
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Rocket Mortgage is also allowing customers to use automated valuation models in lieu of appraisal for loans up to $400,000.
on Dec 3
Voters passed these property tax changes in local elections
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Homeowners across the nation could realize savings from as little as $20 per year to having their bill wiped out entirely.
on Nov 12
What a destructive hurricane season means for the mortgage industry
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Climate change is leading to an increase in frequency of catastrophic weather events, causing property damage and issues with homeowners insurance.
on Jul 25
Rithm Capital profits surge higher in the first quarter
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Profits in the originations and servicing segment at Newrez drove earnings, while a possible spinoff of Rithm's mortgage operations is still seen as a "work in progress," according to company leaders.
on May 1