Builders are working on a plan for a massive program to develop “Trump Homes” that would address the US affordability crisis while allowing private capital to deploy many billions of dollars. Processing Content Lennar Corp. and Taylor Morrison Home Corp. are among the firms that have worked on the proposal, which calls for builders to […]
Builders push ‘Trump Homes’ in pitch for a million houses Read More »
A federal judge has sentenced a Florida title company owner to 27 months in prison after he pleaded guilty to embezzling mortgage lenders’ funds. Processing Content Jonathan Yasko, 47, of Winter Springs, Florida, committed wire fraud between 2021 and 2023, diverting lenders’ funds in real estate transactions to other accounts, according to prosecutors. That included
Title company owner sentenced for mortgage escrow fraud Read More »
Bed Bath & Beyond is moving into mortgage and home equity finance through a deal that leans heavily on Figure Technologies’ lending and tokenization infrastructure. Processing Content The company announced Monday that it has acquired Tokens.com, a blockchain-based platform that will serve as the foundation for a new investment and personal finance business.
Figure helps Bed Bath & Beyond enter mortgage finance Read More »
Key Insight: After calling for a 10% rate cap on credit cards last month, President Donald Trump has grown quiet on the issue. But experts say regulators don’t have a very detailed understanding of how the market works or how pricing decisions are made. What’s at Stake: Billions of dollars worth of travel rewards would
Rate cap debate sidesteps big unknowns in credit card pricing Read More »
Nearly two years to the day since Keller Williams settled the home seller commission lawsuits, the firm has announced a settlement with the Batton homebuyer commission lawsuit plaintiffs. The company announced its settlement agreement on Monday. As part of the nationwide settlement agreement, Keller Williams will pay $20 million. The firm did not disclose any
Keller Williams settles Batton homebuyer commission lawsuit for $20 million Read More »
Mortgage Bankers Association (MBA) President and CEO Bob Broeksmit took the stage at the trade group’s IMB26 Conference in Florida to say that its members and he himself have “just been gaslit by the trade association that represents the credit bureaus.” The MBA has proposed that lenders submit a single-bureau credit pull for loans sold
MBA’s Broeksmit says credit bureau trade group “gaslit” mortgage industry Read More »
Long-term retirement accounts are increasingly serving as sources of emergency funds as American workers confront rising costs and persistent financial anxiety, according to multiple recent studies. Surveys from Allianz Life Insurance, Payroll Integrations and F&G Annuities and Life show Americans cutting back on retirement contributions and tapping savings meant for later life to cover immediate
Retirement accounts become emergency funds as financial stress rises Read More »
Rising health care costs, paired with minimal rate growth for Medicare Advantage plans, could accelerate insurer withdrawals from states and counties nationwide, potentially disrupting coverage options for millions of older Americans. Several of the nation’s largest insurers — including UnitedHealthcare, Aetna, Elevance Health and Humana — have already scaled back Medicare Advantage offerings in 2026
Fewer Medicare Advantage plans could create tough choices for senior homeowners Read More »
The January jobs report published by the U.S. Bureau of Labor Statistics (BLS) will not be released as scheduled on Friday due to the partial federal government shutdown that began Saturday. The report will be issued once funding resumes. The shutdown was triggered after Congress failed to pass funding bills that include money for the
BLS jobs report for January delayed by partial government shutdown Read More »
Builders FirstSource, the largest American supplier of structural building products, quietly acquired the assets of Pennsylvania-based Pleasant Valley Homes, a wholesale manufacturer of modular homes. Lori Conrad, Senior Director of Corporate Communications for Builders FirstSource, confirmed to The Builder’s Daily that the company acquired Pleasant Valley Homes’ assets in November at an undisclosed price. The
Builders FirstSource acquires Pleasant Valley Homes Read More »