Postcards, emails and press releases are hitting mailboxes, inboxes and wires as JND Legal Administration, the firm hired as the commission lawsuit settlement administrator, has started to notify class members of the second wave of commission lawsuit settlements. “If you sold a home and paid a commission to a real…
Continue reading →Mr. Cooper Group has struck a deal to acquire a third-party origination (TPO) platform and $356 billion in mortgage servicing rights (MSRs), advances and subservicing contracts from Flagstar Bank, owned by New York Community Bancorp (NYCB). As part of the deal, the Dallas-based servicer and lender will pay $1.4 billion…
Continue reading →Will the Federal Reserve pivot in time to save construction workers? We have discussed this topic for some time now because, for the first time in a while, single-family permits are falling and 5-unit permits are already in recession. This is key because, traditionally, residential construction workers are the first…
Continue reading →Attorneys general in 14 states have joined together to send a letter to Federal Housing Finance Agency (FHFA) director Sandra Thompson that urges the termination of the agency’s title waiver pilot program. The letter, which was sent on Monday, was spearheaded by Tennessee Attorney General Jonathan Skrmetti and co-signed by…
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