Zillow has notched what it is calling a legal win in the consolidated Real Estate Settlement Procedures Act (RESPA) lawsuit filed against it last September. On Tuesday, Seattle-based Federal Court Judge James Robert approved a motion filed in March by defendants The Real Brokerage and the Real-brokered The Frano Team to compel arbitration between the […]
Zillow RESPA lawsuit paused after judge orders arbitration Read More »
Rate momentum shifted noticeably on Wednesday. The underlying bond market saw heavy buying in pre-market trading–likely a result of large-scale quarter-end rebalancing among the largest money managers (i.e. adjusting balance of stocks vs bonds in investment portfolios). Excess demand for bonds = lower rates, all else equal. It also hasn’t hurt that oil prices continue
Mortgage Rates Quickly Approaching 1-Month Lows Read More »
The Department of Housing and Urban Development has announced 14 changes to the Federal Housing Administration program, claiming eliminating these “red tape” requirements would reduce costs. Processing Content “Every unnecessary regulation comes with a cost, and too often homebuyers pay the price,” HUD Secretary Scott Turner said in a press release. “If a policy does
HUD trims FHA red tape; groups want MIP cut next Read More »