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• DOJ sues Rocket, appraisal companies over alleged discrimination October 22, 2024
  Another regulator has sued Rocket Mortgage for allegedly discriminating against a Black homeowner by undervaluing her home during an appraisal in Colorado three years ago. And the Detroit-based lender believes it’s a “massive overreach.”  On Monday, the U.S. Department of Justice—following a move made by the U.S. Department of Housing and Urban Development (HUD) in […]
  Flávia Furlan Nunes
• Down payment assistance programs continue to grow, with an average benefit of $17K October 21, 2024
  As the year comes to a close, states are adding more down payment assistance (DPA) programs to help first-time buyers achieve homeownership. Down Payment Resource — a national database for connecting prospective homebuyers to financial assistance programs — recently released its newest Homeownership Program Index (HPI) report based on data collected in third-quarter 2024. The […]
  Kennedy Edgerton
• NAR faces new suit alleging antitrust violations, discrimination October 21, 2024
  The legal woes continue for the National Association of Realtors (NAR). On Wednesday, Maurice Muhammad — the broker of Progressive Realty — filed a complaint in U.S. District Court in Pennsylvania claiming that NAR, the Pennsylvania Association of Realtors (PAR) and the Greater Lehigh Valley MLS (GLVMLS) have violated federal civil rights statutes, engaged in […]
  Brooklee Han
• Judge denies Texas Capital Bank motion for summary judgment in Ginnie Mae dispute October 21, 2024
  TCB's aim to score a partial win in its suit against Ginnie Mae has been denied by the presiding judge, court documents show.
  Chris Clow
• Looking for clarity in the Clear Cooperation debate October 21, 2024
  With the Aug. 17 implementation deadline for the business practice changes outlined in National Association of Realtors’ commission lawsuit settlement agreement in the rearview mirror, the real estate industry has turned its focus to a new point of contention — NAR’s Clear Cooperation Policy (CCP). As part of NAR’s mandatory MLS policies, Clear Cooperation requires […]
  Brooklee Han
• Which metros are seeing a surge of home sellers? October 21, 2024
  Unsold inventory climbed again this week, despite Hurricanes Helene and Milton and higher mortgage rates
  Mike Simonsen
• Florida has built 77,000 new homes in high-risk flood areas October 21, 2024
  Since 2019, the state of Florida has built more than 77,000 new properties in areas with a high risk of flooding. This is the most among all states, according to an analysis by climate-modeling firm First Street Foundation on behalf of the The Wall Street Journal. The construction activity is likely to place the housing […]
  Chris Clow
• Defendants seek dismissal of Homie’s antitrust lawsuit October 21, 2024
  The remaining defendants in Homie Technologies’ antitrust suit are seeking to have the case dismissed. On Friday, the National Association of Realtors (NAR), Anywhere Real Estate, Keller Williams Realty, HomeServices of America and RE/MAX filed motions to dismiss the suit, which was originally filed in mid-August in U.S. District Court in Utah. In the suit, Homie claims it was harmed by the […]
  Brooklee Han
• Mutual of Omaha granted more time to respond to Longbridge allegations October 21, 2024
  Mutual of Omaha Mortgage now has until Dec. 17 to respond to allegations about deceptive websites from a reverse mortgage competitor.
  Chris Clow
• Survey shows veterans are more likely than civilians to buy homes in the next year October 21, 2024
  In a housing market shaped by uncertainty, military veterans and service members are emerging as some of the most confident and prepared homebuyers, outpacing their civilian counterparts. That’s according to a recent index released by Veterans United Home Loans to measure the financial health and optimism of veterans, active-duty service members and civilians in terms […]
  Kennedy Edgerton