Home sales are tepid, but mortgage fraud is becoming more common by Neil Pierson for HousingWire

HousingWireHousingWireCoreLogic’s risk index rose 8.3% in the past year, driven by more cases of identity and transaction fraud New data shows that cases of fraud among mortgage applicants is on the rise — an eye-raising trend as demand from borrowers remains relatively quiet. The CoreLogic Mortgage Application Fraud Risk Index…

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Utah-based Realtor association no longer enforcing NAR’s Clear Cooperation by Brooklee Han for HousingWire

HousingWireHousingWire The real estate industry is currently divided over the National Association of Realtors’ Clear Cooperation Policy, but one local Realtor association and MLS has decided to move beyond just voicing an opinion. In an email sent to members on Oct. 3, Utah-based Park City Board of Realtors (PCBR) announced…

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Citadel agrees to pay $6.5M to settle DOJ’s redlining claims by Flávia Furlan Nunes for HousingWire

HousingWireHousingWire The U.S. Department of Justice (DOJ) announced on Thursday a $6.5 million agreement with Citadel Federal Credit Union to settle allegations of lending discrimination in certain neighborhoods of Philadelphia with majority Black and Hispanic populations. This is the DOJ’s first redlining settlement involving a credit union. The sector includes…

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Mayor who recommended reverse mortgages calls comments ‘regrettable’ by Chris Clow for HousingWire

HousingWireHousingWire As those on a fixed income continue to wrestle with rising property taxes, the mayor of South Portland, Maine, recently recommended that area seniors explore reverse mortgages as a potential option to add financial flexibility. After enduring backlash, Mayor Misha Pride has walked back his comments. “Contemplating the recent…

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