High prices and more options have pushed home-sale cancellations to a record level, new industry data shows. Processing Content Roughly 40,000 home-purchase agreements were canceled in December, according to a report from Redfin. That’s 16.3% of homes that went under contract, up from 14.9% a year earlier and the highest December rate in records dating […]
Home-sale cancellations hit record as buyers walk away Read More »
Key Insight: State bank regulators and examiners say the federal supervision regime has long been in need of streamlining, and supervisory changes announced by the Federal Reserve are seen as a step in the right direction. Expert Quote: “To me it doesn’t sound like a retreat of the Federal Reserve so much as they are
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Detroit-based Rocket Companies was hit with a class-action lawsuit on Monday that accuses one of the nation’s largest mortgage lenders of steering consumers to their loan products, “even though Rocket Mortgage‘s terms are disadvantageous to the clients.” The suit was filed in the U.S. District Court for the Eastern District of Michigan. The plaintiffs are
Rocket Companies hit with class-action lawsuit alleging steering, home-price inflation Read More »