Newrez servicing arm sued in New Jersey over alleged RESPA violations

A New Jersey homeowner has filed a lawsuit against Newrez LLC, dba Shellpoint Mortgage Servicing, alleging the company engaged in years of unfair mortgage servicing practices that deprived her of a meaningful opportunity to avoid foreclosure. The complaint, filed in the Superior Court of New Jersey, Law Division in Essex County, was brought by homeowner […]

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June housing starts jump 19%, fueled by strong multifamily gains

Residential construction activity picked up in June, but the gains were concentrated in multifamily, and future supply indicators softened, according to newly released U.S. Census Bureau data.  Privately owned housing starts rose to a seasonally adjusted annual rate of roughly 1.3 million units in June, up 19% from a revised May pace of roughly 1.12

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