FCC’s newly adopted lead gen rules could accelerate lawsuits against lenders

The Federal Communications Commission (FCC) — the government regulatory body overseeing communications across a wide variety of media including radio, telephone cable and the internet — adopted a new series of rules on Wednesday designed to crack down on controversial lead generation methods, includ
Read MoreSenators introduce bill targeting mortgage trigger leads

A coalition of bipartisan lawmakers in the U.S. Senate on Wednesday introduced legislation targeting the practice of mortgage trigger leads.The bill, designated “S.3502,” is designed to “amend the Fair Credit Reporting Act (FCRA) to prevent consumer reporting agencies from furnishing consumer report
Read MoreOneKey MLS acquires Mid-Hudson MLS

New York State’s largest multiple listing service just got larger. OneKey MLS has acquired Mid-Hudson MLS according to an announcement on Monday, growing its membership to nearly 50,000 agents.The Poughkeepsie-based Mid-Hudson MLS is a broker-owned MLS serving over 1,400 agents in Dutchess County an
Read MoreA sub-7% mortgage rate brings holiday cheer

The holidays have come early for the mortgage industry. Mortgage rates fell below the 7% threshold this week as markets prepared for Federal Reserve Chairman Jerome Powell’s announcement on Wednesday.The 30-year, fixed mortgage rate averaged 6.95% for the week ending Dec. 14, according to Freddie Ma
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