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Motto sues UMortgage for ‘tortious interference’ in franchise contract

Housing Wire

Denver-based brokerage franchise Motto Mortgage , owned by RE/MAX , has accused broker shop UMortgage of “tortious interference” in its contract with a former franchisee called TRB Solutions, whose controlling member was Breon Price, the top-producing loan officer. According to a lawsuit filed in March in a U.S

Contracts 364
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FirstFunding sues Sprout for breaching of contract

Housing Wire

A recent lawsuit claims Sprout Mortgage left its warehouse lender FirstFunding holding over $220 million of its debt when the mortgage lender abruptly closed on July 6. Consequently, the warehouse lender filed the lawsuit against Sprout on Wednesday for breaching the contract and injunction in the U.S.

Contracts 373
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Mortgage Contracting Services Announces Craig Torrance for CEO Role

Appraisal Buzz

The post Mortgage Contracting Services Announces Craig Torrance for CEO Role appeared first on DSNews. The post Mortgage Contracting Services Announces Craig Torrance for CEO Role appeared first on Appraisal Buzz.

Contracts 195
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Pulte Mortgage Contracts with Black Knight for MSP Servicing System

Appraisal Buzz

has announced that Pulte Mortgage will implement its MSP loan servicing system and various additional solutions. Pulte Mortgage, a wholly owned financial services subsidiary of PulteGroup Inc., Black Knight Inc. focuses solely on the financing of new construction homes for PulteGroup homebuyers.

Contracts 195
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Reverse mortgage professional’s action helps lead to suspected fraudster’s arrest

Housing Wire

A suspected fraudster nearly brought financial ruin to an elderly resident of London, Ontario in Canada , but an area reverse mortgage professional’s quick thinking is credited with leading to the suspect’s arrest, according to a news release from the London Police Service.

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Mortgage applications ticked up 7.4% during wild week in mortgage

Housing Wire

During the week that mortgage rates very briefly touched down into the 5% range, mortgage applications increased 7.4%, according to the latest reading from the Mortgage Bankers Association. Still, mortgage demand is down 58% from a year prior. Mortgage rates fell to 5.99% on Thursday, Feb. last week, up from 31.2%.

Mortgage 364
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Housing Market Showing Nearly 60% of Listed Homes Under Contract Within Two Weeks

Appraisal Buzz

Homes sold faster than ever during the four weeks ending February 13, as a record 57% of homes that went under contract did so within two weeks of being listed, according to a new report from Redfin. The post Housing Market Showing Nearly 60% of Listed Homes Under Contract Within Two Weeks appeared first on Appraisal Buzz.

Contracts 284