Mortgage lenders loanDepot and Cardinal Financial are the targets of class-action-seeking lawsuits alleging deceptive practices, negligent misrepresentation and gross negligence against Texas homeowners. In a pair of lawsuits filed in a state court in Dallas County, each targeting one of the lenders, homeowners allege that the companies’ employees induced them into entering refinancing agreements and skipping the first one […]
As the saying goes, everything is bigger in Texas. A copycat commission lawsuit filed on Thursday by home sellers in the United States District Court for the Eastern District of Texas, accuses 47 real estate industry defendants of allegedly conspiring to artificially inflate real estate agent commissions. This is the second commission lawsuit filed in […]
Dallas, Texas – HousingWire, the leader in mortgage and real estate news and information, proudly announces the ascension of its flagship podcast, HousingWire Daily, to the No. 2 position among business news podcasts in the United States. Renowned host Sarah Wheeler, accompanied by regular guests Logan Mohtashami and James Kleimann, has transformed the podcast into […]
Opendoor founder Eric Wu is leaving the iBuying giant, according to a document filed with the Securities and Exchange Commission on Friday. The filing states that Wu announced his decision to resign as the firm’s president of marketplace and from the board of directors, effective Jan. 1, 2024, on Thursday. Wu will remain as an […]
Mr. Cooper Group’s examination of the cyberattack it suffered in late October concluded that the personal information of current and former customers was compromised. The data breach led the company to estimate an additional vendor cost related to the incident in the fourth quarter to include offering identity protection services for two years. On Oct. 31, […]
Kolter Urban has selected Moss Construction as the general contractor for ONE Tampa, a 42-story, 225-residence development, in Downtown Tampa. Moss, a general contracting firm, has worked on projects like Cora Water Street Tampa, JW Marriott Clearwater Beach, The Ritz-Carlton Residences Sarasota, St Regis Resort and Residences Longboat Key and Auberge Beach Residences & Spa […]
The Federal Communications Commission (FCC) — the government regulatory body overseeing communications across a wide variety of media including radio, telephone cable and the internet — adopted a new series of rules on Wednesday designed to crack down on controversial lead generation methods, including “robocalling” and “robo-texting.” The new rules as adopted could bring a […]
Texas-based mortgage platform Stairs Financial launched on Thursday after completing a $3.5 million funding round. With first-time buyers accounting for just 26% of all home purchases in 2022 — a 41-year low — the mortgage market place aims to help first-time homebuyers with the right program and mortgage products. “Thousands of down payment assistance and […]
In an update to its selling guide, Fannie Mae announced Wednesday that it was expanding the use of attorney opinion letters in lieu of title insurance. Previously, the only transactions ineligible for an AOL were those that involve loans secured by a unit in a condo project, co-op share loans, loans secured by a dwelling […]
