RESPA complaint that accused Rocket Homes of favoring real estate agents who steered clients to Rocket Mortgage is dismissed “without prejudice” by CFPB’s new leadership.
Category: Regulations
Wells Fargo is about to emerge from the regulatory woods
Once the nation’s largest home lender, Wells Fargo could be poised for a comeback in the mortgage business this year as it continues to make progress in addressing regulators’ concerns about its past practices.
Trump nominates homebuilder scion to oversee Fannie, Freddie
The grandson of PulteGroup founder William J. Pulte, Bill Pulte is a private equity CEO, philanthropist and Trump loyalist with 3 million followers on X.
CFPB tightening underwriting for PACE energy improvement loans
PACE lenders object to rule requiring them to evaluate borrowers’ ability to repay and provide more comprehensive disclosures so homeowners can comparison shop for other types of financing.
HUD raising FHA ceiling in high-cost markets to $1.2M next year
Adjustment for rising home prices increases FHA ceiling in high-cost markets like New York, San Francisco and Washington, D.C., and raises the floor in low-cost markets to $524,225.
Judge grants final approval to 9 commission lawsuit settlements
Judge Stephen Bough granted approval for settlements involving Compass, Douglas Elliman, @properties and other companies. Collectively, the companies will pay $110 million to resolve the litigation.
Fannie and Freddie will let more buyers off the hook for an appraisal
Appraisal waiver programs that rely on automated valuation models will be expanded next year to allow participation by homebuyers putting less than 20 percent down.
Trump, Harris housing policies emerging from the rhetoric
Housing policy has gotten short shrift in the debates, with a tight focus on immigration and inflation. But the candidates’ platforms — and Project 2025 — provide more details.
LoanSnap’s business dried up. Now regulators are after its licenses
Connecticut has entered into a consent decree revoking the fintech mortgage lender’s license, and LoanSnap has been put on notice by California regulators that they intend to do the same.
UWM and Rate join the $802K conforming loan limit party
With prices rising, it’s becoming standard operating procedure for big lenders like Rocket to help homebuyers avoid jumbo loan pricing by getting a jump on FHFA’s official announcement.