Newrez agrees to $15.5M settlement over forced-place insurance
Regulators in 46 states and DC reached a $15.5M settlement with Newrez over lender-placed insurance charges and refunds.
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Small businesses shun retirement plans over cost, complexity fears
Only about half of U.S. private-sector workers participate in an employer-sponsored retirement plan at any given time — a gap driven almost entirely by small employers, according to new research from the Center for Retirement Research at Boston College.
FirstTeam expands in Midwest with new Kansas City office
FirstTeam entered Kansas and Missouri via a Kansas City office with Rival Real Estate, growing to 62 offices and 2,200 agents.
Epique Realty CEO Josh Miller offers 3-point fix for agent tech adoption
Miller argued the solution lies not in building more technology but in aligning offerings with what agents already want.
Mortgage insurers face larger safety net rule for VantageScore 4.0
Mortgage insurers will be required to keep a larger safety net for mortgages originated using VantageScore 4.0 than for comparable loans using Classic FICO, according to new guidance from the government-sponsored enterprises.
Lenders urged to solve business problems before adopting AI
HW AI Summit panelists said AI needs human oversight, vendor controls and monitoring to meet fair lending requirements.
Splitero expands home equity investment offering to four new states
U.S. homeowners hold $35 trillion in home equity, with many locked into low mortgage rates or facing strict income requirements.
CCM to issue $500M in senior notes as Two Harbors deal nears closing
CrossCountry Intermediate Holdco (CCM) is expected to issue $500 million of senior unsecured notes, coinciding with the projected August closing of its Two Harbors Investment Corp. acquisition.
After scaling Real and eXp, Erinn Nobel wants to build a brokerage with intention
ENRG. Realty, founded by Erinn and Peter Nobel, is in 16 states and uses revenue share and equity awards without prioritizing recruiting.
Consumer groups warn CFPB rollback of mortgage rules could expose borrowers
A coalition advocacy organizations is warning that proposed changes to federal lending rules could leave consumers vulnerable.