The federal government is cracking down on misrepresentation of mortgage loans, so if you provide a consumer with a lender’s rate sheet or otherwise talk about a mortgage product, be careful not to say anything that could be misleading, a federal rule says. You also must keep a record for two years of what you say or write....
A married couple in Nashville recently got a taste of what the future might hold if some policymakers have their way.
Alice Walker was helping the couple sell their house and buy another one—and she started talking with them about proposals in Washington, D.C., to reduce the value of the mortgage interest deduction to help close the federal government’s budget...
A federal appellate court ruled that a sales associate was bound to follow the commission-split rules that he agreed to at his former brokerage even though he had transferred to a different subsidiary.
NATIONAL ASSOCIATION OF REALTORS® President Ron Phipps has invited REALTORS® to share their support of and their concerns about NAR’s long-standing position in favor of a continuing federal presence in mortgage finance. Here, Phipps explains why NAR takes the position it does on this very timely topic.
The Federal Communications Commission in late 2010 issued what it calls net neutrality rules, intended to prevent Internet service providers—typically broadband companies like Comcast and AT&T—from giving preference to a particular Web site or type of content.
In a long-awaited shift, Wells Fargo is providing FHA mortgages to borrowers with credit scores as low as 500. The move comes after the National Association of Realtors® and FHA Commissioner David Stevens, among others late last year, criticized the country’s major banks for requiring credit scores as high as 650 in some...
The Court of Appeals of Texas ruled, affirming the trial court on a real estate brokerage who purchased a property for its own investment portfolio and sold it for a profit didn't breach its fiduciary duty to a client who also wanted the property.
As regulators write the rules for the Wall Street reform law, there are questions about whether NAR's hard-won exemption for so-called "qualified residential mortgages" will be as effective at keeping markets liquid.
The U.S. District Court for the Northern District of Illinois dismissed a long-running antitrust lawsuit against a group of brokerages, ruling they didn’t conspire to harm a discount brokerage in their market area.