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CFPB contracting officer details ‘wholesale termination’ of key contracts

Housing Wire

A person who describes himself as a contracting officer with the Consumer Financial Protection Bureau (CFPB) filed an affidavit in the U.S. District Court for the District of Columbia , saying that widespread cuts to contracts amount to an event that is likely to disrupt the functioning of the bureau. Doe claims that on Feb.

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CFPB warns consumers about home equity contracts, comparing their features to reverse mortgages

Housing Wire

The Consumer Financial Protection Bureau (CFPB) this month published an issue spotlight that takes a closer look at home equity contracts, or what the industry refers to as home equity investments (HEIs) that offer a lump sum payment to clients in exchange for a stake in their home equity.

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Real estate execs launch coaching platform with an eye for helping fellow women

Housing Wire

eXp Realty is also facing lawsuits from women who claim that recruiters Michael Bjorkman and David Golden drugged and raped them at company events. They allege that the brokerage repeatedly ignored complaints about the men due to their financial success. Wilkie’s experience includes time at NBCUniversal Craftsy , NetQuote and Angi.

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Lower mortgage rates spark housing demand heading into spring

Housing Wire

This unexpected turn of events breathed new life into the market, pushing purchase application data into positive territory for the year. Weekly pending sales The latest weekly pending contract data from Altos offers valuable insights into current trends in housing demand. By early 2024, mortgage rates increased slightly to 6.63%.

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Fraud risk continues to rise even as the market contracts

Housing Wire

Two House Appropriations bills recently advanced by House negotiators have included language surrounding Business Email Compromise (BEC) in an effort to promote collaboration between federal and law enforcement agencies and private sector partners in monitoring and reporting for cyber-based crime events. How FundingShield can help.

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Housing market data positive despite Powell’s Grinch act

Housing Wire

Despite this, we had positive data on existing home sales , purchase applications, and our weekly pending contract figures. Weekly pending sales The latest weekly pending contract data from Altos Research offers an exciting glimpse into the real-time dynamics of housing demand.

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The next NAR scandal is here — and it’s about extravagant executive perks

Housing Wire

Additionally, the Times reported that Goldberg’s contract entitled him to things like memberships to exclusive country clubs, first-class airfare for personal travel, expensive car allowances, money for his dog to travel with him and even tickets to “Hamilton” at the height of the musical’s popularity.