Redfin settles Fair Housing Act lawsuit

Redfin must revamp its business – including eliminating a minimum home price for service – in order to serve more non-white homebuyers. That was but one prong of a multifaceted agreement that Redfin and 10 different fair housing advocacy groups filed at a Seattle federal courthouse Friday. The deal probably

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Homepoint exits correspondent following deal with Planet Home Lending

Connecticut-based mortgage servicer and lender Planet Home Lending has entered into an agreement to acquire assets from Homepoint‘s delegated correspondent channel for $2.5 million in cash, the companies announced on Friday. The move signals Homepoint’s exit from the correspondent channel to focus on wholesale. Homepoint was the 11th biggest residential mortgage lender

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Refinance volume has “dried up,” Old Republic says

While other “big four” title insurers discussed the “transitional period” in the housing market during their first quarter 2022 earnings calls with investors, Old Republic International Corp.’s president and CEO, Craig Smiddy decided to take a bolder stance. “I think the way we are looking at refinancing activity right now,

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