Zillow and Redfin ordered to produce documents in $100M rental syndication antitrust case
Zillow and Redfin must turn over documents related to their $100 million rental syndication agreement, according to a court order issued on Thursday in the antitrust lawsuit filed by state and federal regulators. On Thursday, Judge William Porter ruled that the defendants must comply with the docum
The Mortgage Collaborative, MBA partner to expand advocacy efforts
The Mortgage Collaborative (TMC) and the Mortgage Bankers Association (MBA) on Monday announced a partnership aimed at expanding advocacy, education and engagement opportunities for independent mortgage lenders. The Mortgage Collaborative, the largest independent cooperative network for mortgage len
Looming risk for mortgage credit and MBS investors from “Lender Choice”
Since 1996 when Freddie Mac introduced the industry to the first automated underwriting system (AUS) for GSE-eligible mortgages, a borrower’s credit score has served as one of the most important predictors of mortgage delinquency. For many years thereafter, FICO score was the sole provider of score
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