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A $706 million jury verdict against Amrock in 2018 was tossed out on Wednesday by a Texas appeals court after it ruled the jury considered invalid legal theories. The Fourth Court of Appeals in San Antonio ordered a new trial

The Consumer Financial Protection Bureau and Conference of State Bank Supervisors have issued a joint statement regarding forbearance as it relates to the CARES Act. The three-page statement defines protections for borrowers with federally backed mortgages. Under the terms of

From the frontlines to front porches, the mortgage industry has quickly found ways to support those impacted by the COVID-19 pandemic.  The devastating consequences of the virus reached many parts of the housing industry, and most notably, the ability to

The Federal Housing Administration introduced a temporary policy designed to offer guidance for lenders on how to obtain FHA insurance endorsements on mortgages where the borrower either obtained or requested a COVID-19 forbearance. Current FHA policy prevents mortgages that are

The Federal Housing Finance Agency today issued a final rule for the housing goals of the nation’s network of Federal Home Loan Banks aimed at boosting mortgage lending to low-income neighborhoods. “By creating housing goal targets that are achievable for

Rent payments made on June 1 have dipped in some states, while others have shown positive growth, according to a new survey from LeaseLock. Even though renters haven’t had the time to fully recover from the impact of COVID-19, April

Another 1.9 million people filed jobless claims last week, the lowest level since the COVID-19 pandemic began closing U.S. businesses in mid-March. Last week’s job losses bring the total number of Americans seeking unemployment benefits in the last three months

Austin Niemiec is the executive vice president of Quicken Loans Mortgage Services (QLMS). HousingWire sat down with Niemiec to discuss the disruption to this year’s home buying season and how brokers can prepare to take on more purchase activity. HousingWire:

On the second day of Inman Connects Now, brokers and CEOs took the virtual stage and discussed real estate’s transition to virtual technologies, as well as what buying and selling a home could look like post-pandemic. Redfin CEO Glenn Kelman

The National Association of Real Estate Brokers President Donnell Williams released a statement Wednesday in response to the national civil unrest America is currently facing. NAREB chose to take an economic perspective in regard to black Americans battling COVID-19, racial

Last week, I decided to sell my home. The decision seemed sudden, but it wasn’t. I watched as the market started picking up. I watched as interest rates continued to drop. I browsed options online as I waited and watched.

Your voice is one of the most powerful tools that you have. At the same time, we’re also living in an environment where there are more ways than ever before to digest information.  So how do you make sure you’re

Over the last several years, the Mortgage Industry Standards Maintenance Organization (MISMO) has been the driving force as the mortgage industry has transitioned to a digital world. MISMO was created to standardize how the mortgage industry communicates, and its mission

United Wholesale Mortgage, the largest U.S. wholesale lender, said it was removing an extra rule, or overlay, it implemented last month requiring a borrower’s employment to be re-verified on the day of closing. The removal of the overlay applies to

With recent indications that summer will be this year’s strong home-buying season, housing tech companies are poised to help consumers and lenders with a variety of challenges related to low inventory and the resulting bidding wars on top of the

A huge topic of discussion lately has been the recent deaths of Ahmaud Arbery, George Floyd, Breonna Taylor, Tony McDade and David McAtee. During Inman’s Connect Now, the media company’s first all-digital conference, Anne Jones, Windermere Abode owner and designated

Ample growth comes from within for many companies, but an outside source can be a game-changer for marketing and business strategies. As president and founder of NexLevel Advisors, Michael Hammond has focused on driving solutions for businesses and their housing

Now you see them, now you don’t… and now iBuyers are back again?  iBuyer companies like Opendoor and Zillow Offers were buying and selling homes at a fast pace in 2019 here in North Carolina. It seemed like they were

When the coronavirus pandemic paralyzed the nation in March, the Washington, D.C.-area housing market came to an abrupt halt. “February had been a good month, but in March everything stopped,” said Gregg Busch, loan officer at First Savings Mortgage. “By