Build-for-rent is a bet on the ‘new normal’ housing market

By: ameer@trustedteam.com

One slice of the single-family home market that has gained traction over the past year in a topsy-turvy housing landscape is the build-for-rent sector — or BFR. Construction starts in...

Read More

Bankers sue Rocket for allegedly failing to pay overtime wages

By: ameer@trustedteam.com

Former bankers at Rocket Mortgage have filed a class-action-seeking lawsuit that claims the lender failed to fully compensate their overtime wages, a violation of the Fair Labor Standards Act....

Read More

Former Athas Capital employees finding new homes

By: ameer@trustedteam.com

Employees from defunct Athas Capital Group are being actively swept up by other non-qualified mortgage lenders.In recent weeks over a dozen former workers from the Calabasas Hills, California-headquartered company...

Read More

loanDepot targeted by lawsuit alleging poor work conditions 

By: ameer@trustedteam.com

Mortgage lender loanDepot recently became the target of a lawsuit filed by a group of former California employees who have complaints about the company’s work conditions.   The lawsuit was filed...

Read More

Industry vet lobbies for change to reverse mortgage counseling law

By: ameer@trustedteam.com

Massachusetts is the only state in the country that has a legally-mandated in-person counseling requirement — a result of lawmakers and consumer advocates’ push to increase transparency between mortgage...

Read More

New years resolutions from across the housing industry

By: ameer@trustedteam.com

Happy New Year to everyone in the housing industry! Creating a realistic and inspiring new years resolution for your business can be a creative way to goal set in...

Read More

AmeriFirst Financial stopped funding loans in December

By: ameer@trustedteam.com

AmeriFirst Financial is closing shop, an executive from the Mesa, Arizona-based company confirmed. Many of its employees are said to be heading over to American Pacific Mortgage.The lender stopped...

Read More

Mortgage and refinance rates today, Jan. 6, 2023

By: ameer@trustedteam.com

Today’s mortgage and refinance rates Average mortgage rates rose moderately yesterday. Markets were worried that today’s employment figures would be better (worse for those rates) than they’d previously expected. But...

Read More