Class action suit could change real-estate commissions
In what could be the most far-reaching antitrust lawsuit for the real estate market in decades, the National Association of Realtors and four of the largest realty companies have been accused of a conspiracy to systematically overcharge home sellers by forcing them to pay commissions to the agents who represent the buyers of their homes.
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New rapid mortgages allow closings in as few as 8 days
LoanDepot is offering what may be the fastest quick-closing mortgage in the race. Their new product, mello smartloan, an end-to-end digital mortgage, offers qualified borrowers a home loan in as few as eight days, a feat that seems almost impossible to long-time players in the real estate industry.
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Ellie Mae: Borrowers want more human interaction in digital mortgage experience
Although digital mortgages are taking the housing industry by storm, Ellie Mae's 2019 Borrower Insights Survey suggests borrowers still crave human interaction throughout a digitally-driven loan origination process.
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Mortgage rates sink to lowest levels in more than a year
Mortgage rates were driven down this week by weak economic data and concerns about global growth.
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FinTech Companies Offer The Option Of Property Ownership Without The Management Headaches
Crowdfunding and alternative investment startups eliminate two of the highest friction points in owning real estate: management and high financial entry. These alternative investment platforms let everyday investors buy commercial or residential real estate without suddenly becoming landlords.
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Heard of fintech? It can help with your finances, but beware of these risks
But some fintech companies are seeking to offer services that could skirt important consumer protections, warns a new report from the National Consumer Law Center. The study sees fintech developments as part of a trend to weaken key safeguards, with the potential for more fraud, deception or other costs.
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Commentary: Legislators just swept away a crucial consumer protection for real estate buyers
Among the bills recently passed by Utah's legislature was Senate Bill 121: Controlled Business in Title Insurance Repeal, a decidedly unsexy offering that flew under the radar of most onlookers.
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A Truly Digital Mortgage: Are We There Yet?
But can the mortgage process be fully automated? We know that digital tools make the loan process more seamless, but can they cut out the paper trail entirely?
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Carbon (PA) recorder of deeds McCall dies
Carbon County (PA) has lost a fixture in the Democratic Party. Emmett P. McCall, the county recorder of deeds, died Wednesday night at the age of 80.
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