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Unlicensed vendor fines highlight third-party buyback risks
loantrust.ai

Unlicensed vendor fines highlight third-party buyback risks

Educational BREAKING — National Mortgage News reports that workforce solutions firm 3N Performance entered into a Washington consent order after regulators found it had been processing and underwriting loans without proper licensing. The case centers on a vendor operating in the mortgage pipeline without the credentials that states require, exposing lenders

Hans Michel/ / 2 min read
DR Horton fights RICO suit over lowballed escrow estimates
loantrust.ai

DR Horton fights RICO suit over lowballed escrow estimates

Educational BREAKING — National Mortgage News reports that the nation's largest homebuilder is facing allegations it misled buyers on escrow estimates, leaving them with sharply higher costs than initially projected. The dispute centers on whether buyers were given artificially low figures at closing, only to face payment jumps once

Hans Michel/ / 2 min read
How ROAD Act rental limits create lender opportunities
loantrust.ai

How ROAD Act rental limits create lender opportunities

Educational BREAKING — National Mortgage News reports that new rental limits under the ROAD Act are expected to improve the credit profile of single-family rental loans, according to analysis from Morningstar DBRS. The change points toward expanded opportunity in the build-to-rent segment, where institutional and private lenders have

Hans Michel/ / 2 min read
All Hopped Up and Ready to Go: All-Star Punks Honor Ramones at 50
humanbygod.com

All Hopped Up and Ready to Go: All-Star Punks Honor Ramones at 50

Educational BREAKING — Rolling Stone Music reports that an all-star lineup including Travis Barker, Billie Joe Armstrong, Tim Armstrong, and CJ Ramone's Cretin Family gathered to honor the Ramones at a 50th anniversary concert tribute. The event brought together multiple generations of punk musicians to celebrate the foundational

Hans Michel/ / 2 min read