A federal judge in Colorado ruled against a motion to dismiss from Rocket and Solidifi over allegations of appraisal bias that the U.S. government has pursued. The homeowner involved, Francesca Cheroutes, is part of the complaint as an intervening plaintiff. The motions sought to dismiss the allegations raised by both the government and Cheroutes. The […]
Judge rejects Rocket’s motion to dismiss discrimination suit Read More »
The Federal Reserve may be poised to resume interest-rate cuts this week, but it could do more to ease US mortgage costs and stimulate housing by using different tools involving its balance sheet, says Pacific Investment Management Co. Even as traders fully expect the Fed to cut their short-term target by a quarter-point toward 4%
Fed ‘Operation Mortgage Twist’ would boost housing: Pimco Read More »
Angus Mordant/Bloomberg Mortgage applications for new-home purchases remain up on a yearly basis, but August marked a notable fall from the summer’s first two months, new industry data showed. New-home purchase activity rose 1% compared with last year, but applications decreased by 6% from July, according to the Mortgage Bankers Association’s Builder Application Survey. August’s
New-home mortgage applications slow after two-month surge Read More »