HousingWireHousingWire With elevated mortgage rates having persisted over the past two years, Federal Reserve Chair Jerome Powell indicated recently that a cut to the federal funds rate at this month’s meeting of the Federal Open Market Committee (FOMC) is on the table, which would likely have the effect of driving…
Continue reading →HousingWireHousingWire Florida-based independent brokerage The Keyes Co./Illustrated Properties has joined the growing list of brokerages that have settled the commission lawsuits. The firm notified the court of its settlement agreement on Tuesday in the consolidated Gibson and Umpa suits suits via a motion to stay the case. No details of the conditions of the…
Continue reading →HousingWireHousingWire In a new episode of the “Real Estate Insiders Unfiltered” podcast, John Campbell — managing director at Stephens Inc. and an equity research analyst — joins hosts James Dwiggins and Keith Robinson to chat about last month’s major changes for the real estate industry. The trio discuss the major…
Continue reading →HousingWireHousingWire CMG Home Loans, the retail lending division of CMG Financial, announced on Tuesday the appointment of Kari Van Kleef to the position of reverse mortgage operations manager. She is one of “several industry veterans who will be directing the dedicated reverse mortgage department at CMG,” the company said. Van…
Continue reading →HousingWireHousingWire Mortgage servicer Nationstar, doing business as Mr. Cooper, is expected to settle a lawsuit with electronic payment processing vendor ACI Payments that is related to alleged damages from unauthorized mortgage payments imposed on Mr. Cooper’s customers three years ago. The settlement notice was filed Aug. 30 in a U.S….
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