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Guaranteed Rate will pay $15.06 million to settle allegations that it violated Federal Housing Administration and Department of Veterans Affairs lending rules. The Department of Justice announced Wednesday that Guaranteed Rate, one of the nation’s largest consumer direct lenders, has reached an agreement to settle charges that the company “knowingly violating material program requirements when […more]
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The outbreak of COVID-19 has resulted in many employees working remotely as stay-at-home orders have caused public places and businesses to close. Last week, Zillow CEO and Co-Founder Rich Barton took to Twitter to announce that Zillow employees would be allowed to work from home through the end of 2020. Today we let our team […more]
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The Federal Reserve is slowing the pace of purchases in its program to buy Treasuries and mortgage-backed securities after concluding that its bond-market rescue worked, Fed Chairman Jerome Powell said on a conference call with reporters at the end of a two-day meeting on Wednesday. “Our purchases have helped market conditions improve substantially in recent […more]
Editor’s Note: This is the final installment in the “Industry Warriors” series, a collection of profiles on veteran real estate professionals and lenders who produced high volumes pre-9/11 and pre-2008, weathered those economic downturns and rebounded even stronger. Miami native Joan McCaughan has watched her hometown’s real estate market maneuver through decades of transformation: the growth in the […more]