Category Archives: Mortgage

Home Value Appreciation Has Slowed Each Month This Year

Annual home value appreciation decreased for the seventh straight month in July By Jeff Sorg, OnlineEd Blog (August 16, 2019) SEATTLE, Aug. 16, 2019 /PRNewswire/ — U.S. home value growth continues to slow, according to the July Zillow® Real Estate Market Reporti. The typical U.S. home is worth $229,000, up 5.2% from a year ago – this is the smallest […]

Report for Residential Construction Activity in June 2019

Building permits, housing starts, and housing completions report By Jeff Sorg, OnlineEd Blog (July 17, 2019) (Wahington) US Dept. of HUD – The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for June 2019. Building Permits Privately-owned housing units authorized by building permits […]

Media Repeats False Information About Commissions

Are real estate boards losing the PR war against claims that internet brokerages charge less than “traditional brokerages?” By Jeff Sorg, OnlineEd Blog (June 10, 2019) (PORTLAND, Ore.) OnlineEd – This is an enlightening video post from Frank and Brian over at The National Real Estate Post.  Watch the video and then download their real examples […]

Categories: Mortgage, Real Estate

Freedom Mortgage Corp. to Pay $1.75 Million Penalty

CFPB settles with Freedom Mortgage Corporation By Jeff Sorg, OnlineEd Blog (June 5, 2019) (WASHINGTON, D.C.) CFPB – The Consumer Financial Protection Bureau (Bureau) today announced a settlement with Freedom Mortgage Corporation (Freedom), one of the ten largest Home Mortgage Disclosure Act (HMDA) reporters nationwide. Freedom is a mortgage lender with its principal place of business […]

First American Title/Financial Corp. May Have Leaked 885 Million Customer Records

Title company faces class action lawsuit for its apparent negligence By Jeff Sorg, OnlineEd Blog (May 29, 2019) A class-action lawsuit is already filed in California after Brian Krebs, a cybersecurity expert, reported 885 million First American files were available without authentication to anyone with a web browser. The data allegedly included bank account numbers, social […]

National Association of REALTORS® Moves to Dismiss Price-Fixing Lawsuit

Class action lawsuit claims real estate broker franchisors and National Association of Realtors conspire to require home sellers to pay buyer broker fees By Jeff Sorg, OnlineEd Blog (May 23, 2019) CHICAGO (May 18, 2019) – The National Association of REALTORS® (NAR) moved to dismiss the Moehrl v. NAR lawsuit on the basis that the complaint misrepresents […]

Four Common Listing Agreements Used by Real Estate Agents

Each type of listing agreement allows an agent to market the seller’s property, but they differ when it comes to who else can market it and how the brokerage fee is earned By Jeff Sorg, OnlineEd Blog (April 4, 2019) (PORTLAND, Ore.) OnlineEd – Each type of listing contract allows the real estate agent to market […]

78 Percent of Servicemember Loans In 2016 Were VA Loans.

CFPB Releases Report on First-Time Home Buying Servicemembersere VA loans. By Jeff Sorg, OnlineEd Blog (March 1, 2019) (WASHINGTON, D.C.) Consumer Financial Protection Bureau – Today the Consumer Financial Protection Bureau (CFPB) released a report focusing on mortgages made to first-time homebuyers who are serving in the armed forces or who are veterans. The Bureau’s report […]

Categories: Mortgage, Real Estate

The US Housing Market Gains Nearly $11 Trillion Since Bottoming Out in 2012

Four of the ten most valuable housing markets are in California – Los Angeles, San Francisco, San Jose, and San Diego By Jeff Sorg, OnlineEd Blog (January 3, 2019) (SEATTLE) Jan. 3, 2019 /PRNewswire/ – The U.S. housing market is more valuable than ever, worth a cumulative $33.3 trillion in 2018. Since the market hit its lowest point in 2012, it has […]