Florida homebuyers have filed a class-action lawsuit accusing LGI Homes, loanDepot and their joint venture, LGI Mortgage Solutions LLC, of running an “improper home-sales scheme.” The complaint, filed in federal court on July 29, alleges the companies rely on misleading monthly payment advertisements and high-pressure tactics to steer renters into mortgages they cannot afford. The […]

Mortgage rates had a tough day on Friday, largely in response to bond market volatility surrounding heavy forex trading as a part of US/Japan efforts to prop up Japanese currency (not a common source of inspiration for rates).  Higher oil prices didn’t help. As we begin the new week, de-escalation in the Iran war pushed

Vishal Garg will no longer lead Better, the company has announced.  Processing Content The founder and former CEO was replaced Monday, days before the company is scheduled to post its second quarter results. Newly tapped board member Daniel Lewis, a hedge fund boss, will replace Garg as CEO on an interim basis immediately, the company