Nearly 1B mortgage docs accessible by First American security flaw

Though the security breach had been fixed as of Friday, it previously let anyone who had a link to certain documents on First American’s website access additional electronic records simply by changing a single digit in the URL.

SEC charges real estate developer with fraud in Ponzi scheme

The U.S. Securities and Exchange Commission filed an emergency action Thursday against New York State real estate developer Robert Morgan.

Mortgage rates hit yearly lows

Mortgage rates continued to slide downward this week, reaching a new yearly low of 4.06 percent on a 30-year, fixed-rate mortgage.

HUD Secretary slammed for confusing REO with Oreo cookies

Despite the controversy that has swirled around his tenure, following the Oreo incident, Ben Carson attempted to downplay his apparent confusion.

Opendoor sued for trademark infringement over its mortgage brokerage

Open Mortgage operates 79 branches in 22 states and offered $668 million in home loans in 2017, according to a complaint the lender filed with the United States District Court for the Eastern District of Texas. It was founded in 2003, is headquartered in Austin and has 315 employees, according to its website. 

Feds want looser data reporting regulations for smaller lenders

Federal regulators on Thursday proposed loosening the data reporting requirements that smaller lenders face when making certain types of home loans.

Divvy can now pre-approve rent-to-own customers in 15 minutes

Rent-to-own startup Divvy unveiled a new, streamlined service Thursday that pre-approves would-be homeowners in as little as 15 minutes.

Redfin Mortgage hits 3 new states

With expansion into Florida, Maryland and Tennessee, the rapidly growing home lending arm is now live in 12 states, according to an announcement on Tuesday.

Quicken to allow Vrbo short-term rental income for mortgage qualification

Quicken Loans and vacation rental company Vrbo are partnering to allow prospective buyers to use rental income on primary or secondary homes to qualify for a mortgage. 

Flat-fee brokerage Reali acquires mortgage lender

Flat-fee brokerage Reali announced Wednesday that it has acquired a loan company and is launching its own, in-house mortgage service.