The Department of Justice has proposed a settlement that requires Realtors to provide greater transparency to home buyers regarding broker commissions.

In a new lawsuit, fair housing organizations have alleged that Redfin’s minimum price policy makes it harder for agents to sell homes in minority neighborhoods.

The CEOs of Freedom Mortgage and Caliber Home Loans said nonbanks, which face heavy criticism from regulators, don’t necessarily have a riskier business model than depositories.

Andrew Bon Salle, who runs Fannie’s single-family business, will be leaving later this year. Also, several other key GSE executives are planning departures, according to former and current staff.

Servicing advisors are using the phrase “green shoots” to describe what looks like a revival in MSR sales. But don’t pop the champagne quite yet.

Only one bank said it “very frequently” offers a reduction in interest rates or principal owed, according to a recent Federal Reserve survey. The most frequently offered relief option for portfolio loans: payment deferrals.

Industry attorneys said a Biden administration may run into legal hurdles if it wants to make substantial changes to the proposed QM rule. The bureau may have to restart the process from scratch.

As originations surge, the mortgage employment picture continues to brighten — that's good news for the rank-and-file but potentially bad news for the C-suite.

The MMIF enjoys a cash cushion of $77.8 billion for “forward” loans, an increase of $12.2 billion from last year, a HUD audit found.