Oklahoma-based Adfitech, a mortgage industry partner for quality control and risk management services, has changed its name to Mortgage Connect Risk Solutions. The move reflects the company’s 2022 acquisition by Pennsylvania-headquartered Mortgage Connect LP.Mortgage Connect, a nationwide services p

The Mortgage Bankers Association (MBA) on Tuesday announced its submission of a letter to the U.S. Department of Housing and Urban Development (HUD), which urges the department to avoid reprimanding mortgage servicers for compliance lapses with the new National Standards for the Physical Inspection

The Federal Housing Administration (FHA) this week announced a proposed Mortgagee Letter (ML) that would add fraud and misrepresentation to its defect taxonomy list for Title II FHA-sponsored mortgage financing.The defect taxonomy includes a list of attributes that FHA can use to identify potential

The Consumer Financial Protection Bureau (CFPB) has proposed that lender and servicer Freedom Mortgage Corp. pay $3.95 million for alleged violations of a 2019 consent order and the Home Mortgage Disclosure Act (HMDA) when it submitted incorrect mortgage data.The proposed order was filed on Tuesday

U.S. home prices are growing at their slowest pace in nearly a year and a half, according to Redfin‘s home price index that was published on Tuesday.Home prices rose 0.26% month over month in May, down from a monthly increase of 0.44% in April. Last month’s reading marked the smallest monthly increa

U.S. single-family rental (SFR) homes posted rent price growth of 3% during the year ending in April 2024, according to CoreLogic data released Tuesday. That was down from an annualized gain of 3.4% in March.The California-based real estate analytics company reported that the annualized gain was in

The Consumer Financial Protection Bureau (CFPB) on Tuesday announced a series of enforcement actions against two companies for what the bureau called “illegal activities that harmed older homeowners and caused them to fear losing their homes.”The actions were taken against Pittsford, New York-based

Members of Generation X are more concerned about their post-retirement ability to support the lifestyles they’ve grown accustomed to when compared with other generations — including baby boomers and millennials — according to the results of a recent survey conducted by Allianz Life.In the company’s

Given a backdrop of escalating mortgage rates and soaring home prices, the prospect for first-time homebuyers (FTBs) in 2023 was daunting. The average FTB faced a significant financial burden, with monthly principal and interest (P&I) payments more than doubling ($2,110 vs $980) since 2013. To mitig

Freddie Mac‘s chief financial officer, Christian Lown, will transition to the same position at CoStar Group on July 1, the company announced on Tuesday. Lown informed Freddie Mac of his resignation on June 5 after four years working for the enterprise. His exit will take effect on June 28. In the me

Redy, an online marketplace that rewards home sellers for selecting a real estate agent who best aligns with their sales goals, announced its launch in five markets on Tuesday. The Redy online platform is now available to home sellers in Atlanta, Dallas, Orlando, Phoenix and San Diego.Real estate ag

After first entering the housing business to sell real estate, Jim Cullen transitioned into the mortgage industry in 1997. It would be a few more years before he made the jump into the reverse lending space, but once he did, he found a business that he connected with until his retirement this year.A

Realtor.com is extending the reach of its buyer representation advertising campaign, according to an announcement on Monday. As part of this goal, it is launching a “new initiative promoting the benefits of buyer’s agents for individuals in historically underserved and underrepresented communities,

Glenn Sanford and eXp Realty cannot seem to distance themselves from the allegations of sexual assault currently plaguing some of the firm’s former top-recruiting agents.In an amended complaint filed on Thursday, Anya Roberts again names eXp and Sanford as defendants in her lawsuit, alongside former

Dozens of former employees at Guaranteed Rate say the mortgage lender has fostered a toxic work environment — including verbal abuse, misogyny and bullying — amid the laser focus of its founder and CEO, Victor Ciardelli, on making money and growing the business, according to a report published Satur

loanDepot has promoted Viviana Abarca, who has worked for the mortgage lender for the past 11 years, to managing director of mortgage lending operations. Abarca will report directly to president and CEO Frank Martell, the company announced on Monday. Abarca will lead loanDepot’s loan processing, und

Want more listings this year? Offrs is a predictive analytics tool that generates listing leads for real estate agents. For over 10 years, they’ve been leveraging big data using a patented artificial intelligence (AI) algorithm that sifts through more than 250 data points to determine which homes an

The U.S. Department of Housing and Urban Development (HUD) announced Monday the availability of $10 million in new grants to be distributed to 23 HUD-approved counseling agencies nationwide, which will help the department boost homeownership rates within historically underserved communities.Announce