The company claims it can help buyers purchase a home with a mortgage rate as low as 2%. https://www.nationalmortgagenews.com/news/is-demand-for-assumable-mortgages-about-to-rise
NextGenMortgage
RE/MAX settles broker fee suits for $55 million
Major real estate players are headed to trial next month over challenges to current commission practices, in which the seller covers fees for both themselves and the buyer. https://www.nationalmortgagenews.com/news/re-max-settles-broker-fee-suits-for-55-million
GIC in talks to invest in Apollo’s structured-finance unit
Any capital injection from GIC would follow an effort by Apollo to raise capital that enables Atlas SP's balance sheet to grow to more than $50 billion from about $40 billion in February. https://www.nationalmortgagenews.com/articles/gic-in-talks-to-invest-in-apollos-structured-finance-unit
Sprout settlement rejected by judge who finds executive in contempt
The magistrate ordered a fine and possible detainment for a former company president now working for another lender. https://www.nationalmortgagenews.com/news/sprout-settlement-rejected-by-judge-who-finds-executive-in-contempt
CFPB, regulators boost thresholds for Truth in Lending standards by 4.5%
The Consumer Financial Protection Bureau, Federal Reserve and other banking regulators rolled out their annual adjustments for the thresholds that determine whether activities are eligible for enhanced standards....