More than half of homebuyers don’t shop for a mortgage: LendingTree

Despite the potential for savings, more than half of all U.S. homebuyers (54%) who took out a mortgage for their most recent home purchase received only one loan offer. This indicates that a sizable portion of borrowers do not shop around for the best mortgage deal, according to new survey results f
Read MoreeXp and Glenn Sanford dismissed from sexual assault lawsuit

The parent company of residential real estate brokerage eXp Realty and its chairman, Glenn Sanford, were dismissed from a former agent’s lawsuit that claimed they benefited financially from her alleged sexual assault by two former eXp star agents and recruiters.Anya Roberts filed a lawsuit in Decemb
Read MoreFDIC settles with Arkansas bank over alleged violations, including for reverse mortgages

The Federal Deposit Insurance Corp. (FDIC) this month announced a settlement with Arkansas-based Bank of England over alleged violations of the Federal Trade Commission Act, the Real Estate Settlement Procedures Act (RESPA), the Fair Credit Reporting Act (FCRA) and the Home Mortgage Disclosure Act (
Read MoreUnsold inventory is rising across the country

It’s the end of May and unsold inventory on the market is increasing across the U.S. Every state in the country has more homes on the market now than a year ago and, in many places, new construction is being completed and added to inventory, so it’s not just resale inventory that’s growing. There ar
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