Industry News

Inflationary pressures have finally forced the Federal Open Market Committee (FOMC) to discuss raising interest rates and tapering its bond-buying program.

Fathom Holdings Inc., a technology-driven real estate platform, announced the creation of their Hispanic Division to more adequately serve this fast-growing demographic. 

HPI Forecast for May 2021 shows the converging pressure of severe inventory shortages and high demand leads home prices to hit record highs.

Pomerantz Law Firm will be investigating claims concerning whether Rocket and certain of its officers and/or directors engaged in security fraud or unlawful business practices.

Filo Mortgage announced that it will begin offering a 1.99% mortgage rate with no points and no origination fees for 15-year conventional term purchase loans.

Flex modification terms will be adjusted so borrowers can pay a reduced interest rate, regardless of their loan-to-value (LTV) ratio.

Enforcement actions resulted in more than $124 million in consumer remediation and civil money penalties in 2020

As demand continues to remain relatively high, Angel Oak Home Loans opened two new branches, with a total of six new branches in the span on 30 days.

The CFPB established temporary special safeguards to ensure that borrowers have time before foreclosure to explore other options of repayment, including loan modifications and selling their home.

Federal Reserve officials are looking into ways to help calm the housing boom and one suggestion was possibly scaling back on the purchases of mortgage-backed securities.