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Homebuilding giant Lennar Corp. and its affiliated mortgage subsidiary are seeing the number of potential class action lawsuits surge after revelations this month of two separate data breaches with over 350,000 potential victims. Processing Content The rising volume of legal complaints is the latest example of the financial and reputational risk mortgage companies might incur […]

The newly formed Real REMAX Group will no longer be investing in the growth of its Motto Mortgage franchise system, with its sights set on a more unified mortgage platform, the company confirmed with National Mortgage News. Processing Content The move threatens independent mortgage banks and outside loan originators who rely on real estate agents

Federal Reserve Chair Kevin Warsh sent markets a clear, hawkish signal: don’t expect any interest rate policy shifts, post-speech commentators said. Processing Content Warsh, if anything, spoke out against providing the markets any forward guidance, which is typically used to price longer-term instruments. The speech was Warsh’s first as chairman at the Federal Reserve Bank