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CrossCountry defends comarketing deal in RESPA lawsuit

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CrossCountry Mortgage is rejecting accusations that it operated a kickback scheme, and is defending the comarketing agreement in question as lawful.  The retail giant in a legal filing Monday offered several arguments to a federal court regarding why a borrower’s Real Estate Settlement Procedure Act complaint falls short. Jeremiah VonBlohn and five other North Carolina-based […]

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Consumer confidence falls to five-month low on job concerns

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US consumer confidence fell in September to a five-month low on growing concerns about job prospects and the broader economy. The Conference Board’s gauge of confidence decreased 3.6 points to 94.2, data released Tuesday showed. The median estimate in a Bloomberg survey of economists called for a reading of 96. READ MORE: Mortgages with rates

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Philip Jefferson

Fed’s Jefferson: Uncertainty around economy ‘especially high’

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Al Drago/Bloomberg Key Insight: Federal Reserve Vice Chair Philip Jefferson said immigration and tariff policies have clouded his economic outlook and placed pressure on the central bank’s dual mandate. However, because tariffs have had a smaller-than-expected impact on inflation, he said he expects disinflation to resume after this year. Expert Quote: “I view the uncertainty

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