House scales back proposed VA mortgage fee hike

Just weeks after mortgage trade groups expressed concern about a bill in the U.S. House of Representatives that would raise fees on U.S. Department of Veterans Affairs (VA) loans, Republicans in Congress have revised the original proposal. The bill, H.R. 6047 — also known as the Sharri Briley and Er
Read MoreRestitution checks possible for some reverse mortgage borrowers after CFPB action

Reverse mortgage borrowers whose loans were previously serviced by U.S. Department of Housing and Urban Development (HUD) subcontractor NOVAD Management Consulting LLC may receive reimbursement checks in the mail following a 2024 enforcement action brought by the Consumer Financial Protection Bureau
Read MoreJudge denies Compass injunction against Zillow listing policy

A New York City-based U.S. District Court judge has denied Compass’s preliminary injunction motion in its antitrust lawsuit against Zillow. As a result of Judge Jeannette Vargas’ ruling, Zillow may continue enforcing its listing access standard policy, which bans listings from its site that have be
Read MoreRedfin rolls out ChatGPT app for real estate searches

Redfin, which is now owned by Rocket Companies, is following in Zillow’s footsteps and launching an app integration with OpenAI’s ChatGPT. The company announced Friday that ChatGPT users now have access to a Redfin app within the platform that allows users to locate property listings relevant to th
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