Newrez servicing arm sued in New Jersey over alleged RESPA violations

A New Jersey homeowner has filed a lawsuit against Newrez LLC, dba Shellpoint Mortgage Servicing, alleging the company engaged in years of unfair mortgage servicing practices that deprived her of a meaningful opportunity to avoid foreclosure. The complaint, filed in the Superior Court of New Jersey,
Read MoreWhy Aaron Kirman is betting on AI, crypto and new development

According to Aaron Kirman, much of his success in the real estate industry first as a solo agent, then as a team leader and now as a brokerage CEO, has come from keeping his finger on the pulse of the industry and taking a critical approach to his business. “Life is always an evolution and you don’
Read MoreJune housing starts jump 19%, fueled by strong multifamily gains

Residential construction activity picked up in June, but the gains were concentrated in multifamily, and future supply indicators softened, according to newly released U.S. Census Bureau data. Privately owned housing starts rose to a seasonally adjusted annual rate of roughly 1.3 million units in J
Read MoreUHM acquires AmeriTrust assets, expands non-QM footprint

Union Home Mortgage Corp. (UHM) has acquired AmeriTrust Mortgage Corp. in an asset deal that closed in 45 days, boosting UHM’s exposure to the nonqualified mortgage (non-QM) market. Financial terms were not disclosed. “There have been long-term relationships between some of the senior executives on
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