Mortgage

Effective Immediately: Discriminatory Speech and Conduct Outside of REALTORS® Practice is Prohibited

The NATIONAL ASSOCIATION OF REALTORS® Board of Directors approved a change today expanding the Code of Ethics’ applicability to discriminatory speech and conduct outside of members’ real estate practices. OnlineEd Blog (November 13, 2020)   Salem, Oregon November 13, 2020 – NAR’s Board of Directors today strengthened REALTORS®’ commitment to upholding fair housing ideals, approving a

CDC Halts Evictions Nationwide – Renters Must Claim Protection

Centers for Disease Control Moratorium Stops Residential Evictions to Help Prevent Spread of COVID-19 By Jeff Sorg, OnlineEd Blog (September 2, 2020) The Centers for Disease Control and Prevention (CDC), located within the Department of Health and Human Services (HHS), announced the issuance of an Order under Section 361 of the Public Health Service Act to

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Top Relocation States During the Pandemic

Florida tops the list of buyer destinations during the pandemic By Jeff Sorg, OnlineEd Blog (August 19, 2020)       (OnlineEd) – Hire a Helper, who has been helping people move for over 10 years, has released what they bill as “The Ultimate Collection of US Moving Statistics” on their web site https://www.hireahelper.com/. The report

COVID-19 Mortgage Relief, Scams, Online Banking Tips, and Student Loan Relief

CFPB offers tips and videos to alert the public about how mortgage forbearance works and financial information for those impacted by the COVID-19 Pandemic  By Jeff Sorg, OnlineEd Blog (April 3, 2020) WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau) has released a video on how struggling homeowners can obtain mortgage forbearance if their finances

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