Study: Most Lenders Pushing ‘Financial Inclusion’
Experian says things “are moving in the right direction,” but 2 of 3 lenders note challenges, like a struggle to have the right technology, data and talent.
Citizens Alleges Insurance Fraud, Settles with Law Firm
Citizens, the Fla.-operated “insurer of last resort,” OK’d a $1M settlement with Coral Gables’ Strems Law Firm after alleging its actions pushed up insurance costs.
Sellers Feel Shame if They Don’t Get Bids
Some sellers hear about today’s bidding wars and pre-emptively overprice their home, only to feel shame – “What’s wrong with my house?” – if no bids come in.
CFPB Translates Mortgage Info into Spanish
Documents available in Spanish cover info about the Fair Credit Reporting Act, the Real Estate Settlement Procedures Act and the Truth in Lending Act.
Realogy Unveils New Name: ‘Anywhere’
Noting that Anywhere ends in “re” for real estate, Realogy says the new branding will “rename and rebrand the company” and “reinforce our commitment” to the future.
Anxious Lenders Coming Up with Creative Offers
As refinances plummet, lenders seeking new business still follow tighter lending rules, but they’re creating diverse programs, including some for self-employed buyers.
Mortgage Rates Head Back Up, Hit 5.3%
It’s the highest level since 2009 and due, in part, to the Fed’s moves to fight inflation. One year ago, a 30-year, fixed-rate mortgage averaged 2.94%.
Is Firm Suing NAR for Antitrust Shut Down?
REX Homes backed an antitrust suit and NAR counter-sued – but “The American Genius” says multiple signs, including employee interviews, suggest it ceased operations.
Internet Scammer Faked Real Estate Sales, Rentals
Faked online sales and rentals netted a criminal $300K from 45 Fla. families. The scam included fake title companies, websites, title agents and email addresses.
Surfside Condo Collapse Settlement Nearly $1B
Pending court approval, the $997 million settlement involves developers of an adjacent building, insurance companies and other defendants.