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Rocket Mortgage versus DOJ, HUD: A conversation with the president of Rocket Companies Wednesday, January 15, 2025 On Dec. 5, 2024, lender Rocket Mortgage, part of Rocket Companies, filed suit in federal district court against the U.S. Department of Housing and Urban Development.
This was in response to another legal battle where the U.S. Department of Justice sued Rocket Mortgage, alleging the company is accountable for the actions of an independent appraiser. To go in deeper into these cases, Valuation Review sat down with Rocket Companies’ President Bill Emerson for an interview.
Read on for the full conversation with Emerson. |
CoreLogic: Case-Shiller Index reflects gainWednesday, January 15, 2025 The S&P Dow Jones Indices recently released the October 2024 results for the S&P CoreLogic Case-Shiller Indices.
The leading measure of U.S. home prices recorded a small annual gain in October, a slight deceleration from the previous annual gains in 2024.
Read on to learn more. |
MBA promotes veteran executiveWednesday, January 15, 2025 The Mortgage Bankers Association (MBA) recently announced a promotion regarding the position of senior vice president of commercial/multifamily policy and strategic industry engagement.
He is a 20-year MBA veteran.
Read on to learn the identity of this individual. |
FHFA report shows refis on the rise in Q3 2024Wednesday, January 15, 2025 The number of refinances increased by 10 percent from the second to third quarter of 2024, according to the lates Federal Housing Finance Agency Foreclosure Prevention and Refinance Report.
The Mortgage Calculator simplifies the FHA loan processWednesday, January 15, 2025 The Mortgage Calculator is streamlining the FHA loan process with technology-driven tools designed to make affordable home financing more accessible. By offering a robust FHA mortgage calculator, real-time rate updates, and expert support, the platform provides a seamless experience for borrowers exploring FHA loan options.
Property appraiser speaks of balancing personal, professional lifeMonday, January 13, 2025 Valuation Review recently spoke with Stacy Caprioli, senior valuation and regulatory consultant with Walitt Solutions.
Caprioli addressed the many challenges she has encountered in the profession, while finding a happy medium between personal and professional duties.
Read on for the full conversation.
CFPB files lawsuit to prevent incentives steering borrowers to Rocket MortgageMonday, January 13, 2025 The Consumer Financial Protection Bureau sued Rocket Homes Real Estate, accusing it of providing incentives to real estate brokers and agents in exchange for steering homebuyers to Rocket Mortgage for loans.
Both Rocket Homes and a brokerage owner named in the suit responded to the allegations.
Read on for more details surrounding this suit.
CoreLogic report indicates continued slow rental growthMonday, January 13, 2025 CoreLogic recently released its latest Single-Family Rent Index, which analyzes single-family rent price changes nationally and across major metropolitan areas.
The report highlights the slowing growth in key rental metros which all experienced population spikes during the pandemic.
Read on to learn more.
Freddie Mac appoints CFOMonday, January 13, 2025 Freddie Mac recently announced the appointment of an executive vice president and chief financial officer.
Redfin: New listings increase as buyers hope to cash inMonday, January 13, 2025 New listings of homes for sale the four weeks ending Dec. 15 were up 7.6 percent, the biggest year-over-year increase since June (excluding the four weeks ending Nov. 24, when the increase was inflated due to Thanksgiving), according to a new report from Redfin.
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HUD-Funded Billboards Overlook Critical Aspects of Appraisal
A recent billboard campaign by the National Fair Housing Alliance and the U.S. Department of Housing and Urban Development features a prominent statement that “Home appraisals should be based on property, not people.” The Appraisal Institute could not agree more. Bias in a real estate appraisal is against the law. However, this campaign vilifies an entire profession and a process that protects consumers.
Read more >>
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