HousingWireHousingWire The Consumer Financial Protection Bureau (CFPB) filed a lawsuit Monday accusing Rocket Homes of orchestrating a kickback scheme to funnel business to its sister companies, Rocket Mortgage and Amrock. The Jason Mitchell Group is also implicated in the alleged violations of the Real Estate Settlement Procedures Act (RESPA). According…
Continue reading →HousingWireHousingWire New home sales grew over last month in the latest Census report, but homebuilders are now facing a supply issue — their inventory is building up. This is the reason why housing starts are at recession levels today. Monthly new home sales have been stagnant for the past two…
Continue reading →HousingWireHousingWire A coalition of six organizations representing mortgage companies and borrowers has sent a letter to the Federal Housing Administration (FHA), urging the extension of the current loss-mitigation waterfall to February 2026 while updates to the agency’s servicing handbook are discussed and implemented. In late November, the FHA proposed updates…
Continue reading →HousingWireHousingWire Over the past year, members of the reverse mortgage industry have been making a more concerted effort to connect with their counterparts in the forward mortgage space. The efforts have not gone unnoticed as more forward mortgage companies — particularly in an elevated rate environment — have started to…
Continue reading →HousingWireHousingWire In October, the Department of Justice (DOJ) made headlines when they sued Rocket Mortgage for housing discrimination in the form of exhibiting alleged appraisal bias. Linking the nation’s largest home lender to the actions of an independent appraiser may have been an effective way to garner national attention, but…
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