David Stevens, former FHA Commissioner and MBA President, has died

David Stevens, a legend of the mortgage banking industry who helmed the Federal Housing Agency and the Mortgage Bankers Association in a career that spanned four decades, has died.“The real estate finance community mourns the loss today of one of its great leaders and fiercest advocates,” current MB
Read MoreNew (and unusual) commission lawsuit alleges collusion in Sin City

The latest copycat commission lawsuit alleges that real estate industry players in Nevada have colluded to artificially inflate real estate agent commissions. The suit was filed on Monday in U.S. District Court in Las Vegas by Nathaniel Whaley, who sold a home in Las Vegas in April 2022 and paid a b
Read MoreFix-and-flip lender Anchor Loans launches TPO channel

California-based fix-and-flip lender Anchor Loans launched a third-party originator (TPO) channel to serve mortgage brokers, banks, private and non-qualified mortgage (non-QM) lenders and other referral partners whose clients are home builders, developers and investors. Anchor Loans’ TPO channel wil
Read MoreMobile app for Optimal Blue PPE allows loan officers access to scenario pricing anywhere

Optimal Blue’s newly launched mobile app for the Optimal Blue PPE – one of the industry’s most widely used product, pricing and eligibility engine – gives loan officers full product and search capabilities from their mobile phones.By giving loan officers the flexibility to access scenario pricing fr
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