Judge orders Quicken Loans to pay $11 million in fines and damages
By Ken Harney
Quicken Loans arguably has the mortgage industry’s most squeaky-clean image – named by J.D. Power as No. 1 in home loan customer satisfaction for seven years in a row and No. 1 in loan servicing for three years straight. It also has a reputation as a technology innovator: Witness its heavily advertised and popular “Rocket Mortgage” option that cuts time and red tape for applicants.
MCLEAN, VA–(Marketwired – Jul 13, 2017) – Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS
®), showing average mortgage rates rising across the board for the second consecutive week.
‘Credit-repair’ firms pay $2 million to settle complaints of abusive practices
By Kenneth R. Harney
You’ve almost certainly seen or heard pitches for “credit repair” services promising to clean up your credit problems, reduce your debt or even raise your credit scores by 100 points or more.
How to ditch vibe-crushers that could give potential buyers the creeps
By Valli Herman
Whether it’s an off-putting odor, kitschy decor or questionable artwork, a good real estate agent knows how to disappear such sale-killers for potential buyers without offending the home seller.
Pending Home Sales Tumble in May for Third Straight Month
WASHINGTON (June 28, 2017) – The ongoing supply shortages that are propping up home prices in many metro areas caused pending home sales in May to slump for the third consecutive month, according to the National Association of Realtors®. None of the major regions saw an increase in contract activity last month.
Mortgage broker unveils another online way to assess what your house is worth
By Kenneth R. Harney
Do we really need another Zillow Zestimate-style online gizmo to tell us what a computer model says our homes are worth? Probably not. There already are scads of real estate and mortgage websites that offer some type of automated home valuation feature: Redfin, Realtor.com, Chase Mortgage, RE/MAX, Homes.com, Bank of America Mortgage and Coldwell Banker, to name just a handful.
Probate Home Sales Have Their Own Special Rules
By Bob Hunt
Frequently the real estate that had been owned by a person now deceased is made available for sale through a procedure commonly known as a “probate sale.” When this happens a somewhat complex set of rules comes into play, especially, of course, in California.
71 Percent of Homeowners Believe It’s a Good Time to Sell; Economic and Financial Confidence Dips: Realtors® HOME Survey
WASHINGTON (June 26, 2017) – Existing housing inventory has declined year over year each month for two straight years, but new consumer findings from the National Association of Realtors® offer hope that the growing number of homeowners who think now is a good time to sell will eventually lead to more listings.