National Mortgage News, Apr. 24, 2023–Spencer Lee (subscription)The Mortgage Bankers Association filed an amicus brief Friday in regards to a discrimination lawsuit involving loanDepot, seeking to emphasize the business distinction …
Category: Top National News
No, There Aren’t More Cash Buyers in Real Estate These Days
Business Insider, Apr. 24, 2023–Zoe RosenbergCash deals are up in real-estate markets throughout the country, but that’s not because prospective homebuyers are shunning mortgages and deciding instead to buy houses …
Redlining Probes Created Millions for Originations, Fed Says
National Mortgage News, Apr. 24, 2023–Andrew Martinez (subscription)The country’s top law enforcement officers are reaching redlining settlements with mortgage lenders at a record pace, agreements they claim have and will …
Court Upholds Conn. Banking Department Actions Vs. 1st Alliance
National Mortgage Professional, Apr. 24, 2023–David KrechevskyA Connecticut Superior Court judge has upheld a Connecticut Department of Banking’s administrative action against 1st Alliance Lending LLC, dismissing the defunct company’s appeal.https://nationalmortgageprofessional.com/news/court-upholds-conn-banking-department-actions-vs-1st-alliance
Industry Frustrated as New LLPA Structure Nears
Inside Mortgage Finance, Apr. 24, 2023–Dennis HollierAs the implementation date approaches for the Federal Housing Finance Agency’s new guidelines on upfront fees, industry gripes are growing louder.https://www.insidemortgagefinance.com/articles/227617-industry-frustrated-as-new-llpa-structure-nears?v=preview
In Manhattan’s Sluggish Home Market, Cash Is Greasing the Wheels
Bloomberg, Apr. 24, 2023–Jennifer Epstein (subscription)More Manhattan homebuyers are paying cash than at any point in recent history, to take advantage of deals to be had in a sagging sales …
Commercial Real Estate Woes Run Deeper Than in Past Downturns
Wall Street Journal, Apr. 24, 2023–Konrad Putzier (subscription)Commercial real estate has experienced its share of busts in recent decades. This one is different.https://www.wsj.com/articles/commercial-real-estate-woes-run-deeper-than-in-past-downturns-e0c1f2b3?
Student Loan Servicers Brace for Trouble with Restart of Payments
The Hill, Apr. 24, 2023–Lexi LonasStudent loan servicers are in a tough bind, dealing with reduced staff as they prepare for the unprecedented situation of 44 million borrowers returning to …
Former Mortgage Staff Allege Lenders Stiffed Them on Paychecks
National Mortgage News, Apr. 24, 2024–Andrew Martinez (subscription)Dozens of loan officers and other staff have sued home lenders in federal court for allegedly failing to pay them overtime, and in …
Bed, Bath & Beyond Plans to Swiftly Liquidate, Shutter Stores
Bloomberg, Apr. 23, 2023–Sarah Holder, Jeremy HillApril 23, 2023 at 1:55 PM EDTBed Bath & Beyond Inc., the big-box retailer that for decades provided essential shopping for college dorms, wedding …