article thumbnail

CFPB investigating Rocket Homes for illegal kickbacks

Housing Wire

A response emailed to HousingWire from Rocket Homes claimed the allegations are “egregiously misstated,” and said Shkipin was merely trying to “gain industry relevance.” ” The post CFPB investigating Rocket Homes for illegal kickbacks appeared first on HousingWire.

article thumbnail

ALTA: Protecting property rights with title insurance

Housing Wire

For a home valued at $250,000, the cost of an owner’s title insurance policy would be just 11 cents a day on a 30-year mortgage. nationally since 2004 and roughly 5% the past two years, based on the most recent industry data from 2021. Recently, an attorney shared with me how one of her clients purchased a home in Connecticut.

Insurance 473
article thumbnail

HOUSING ‘TRIFECT’ PUTTING SQUEEZE ON BUYERS

Will Springer Realtor

After peaking in 2004 at 69%, this country’s homeownership rate has slipped to 66%. Yes, owning a home is still a goal of many – at least for two-thirds of the country – but there are signs of cracks in that thinking. Using home valuations and area median household income data, the report notes the average time required across the U.S.

Buyers 36