Breaking News: CFPB asks to vacate settlement with TownstoneWednesday, March 26, 2025 The Consumer Financial Protection Bureau (CFPB) asked the U.S. District Court for the Northern District of Illinois – Eastern Division to vacate the settlement in CFPB v. Townstone Financial, Inc., et al., which resolved allegations of redlining and violations of the Equal Credit Opportunity Act (ECOA) against the Chicago mortgage broker owned by Barry Sturner. |
Bank launches JVs with Texas, North Carolina homebuildersTuesday, March 25, 2025 Cornerstone Capital Bank launched two joint venture (JV) companies with homebuilders in Texas and North Carolina. With the addition of the two, Cornerstone has now formed and managed JV mortgage companies for 15 homebuilders nationwide.
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SoftPro wins Gold and Silver Stevie AwardsWednesday, March 26, 2025 SoftPro was named a Gold Stevie Award winner for Inbound Marketing Program of the Year in the 19th annual Stevie Awards for Sales and Customer Service.
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Report: Despite affordability concerns, many homebuyers set to move forwardTuesday, March 25, 2025 While affordability continues to be a challenge, many loan officers believe prospective homebuyers are more willing to take some chances in the housing market, according to a new report from HomeLight. Close to three-fourths of loan officers surveyed by HomeLight say they’ve seen a rise in buyers’ willingness to take chances with options such as fixer-uppers, unconventional financing, or accepting higher mortgage rates.
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Bank launches JVs with Texas, North Carolina homebuildersTuesday, March 25, 2025 Cornerstone Capital Bank launched two joint venture (JV) companies with homebuilders in Texas and North Carolina. With the addition of the two, Cornerstone has now formed and managed JV mortgage companies for 15 homebuilders nationwide.
Read on to learn more information.
Truework rolls out verification platformTuesday, March 25, 2025 Truework announced the creation of Truework Intelligence, an automated verification platform for mortgage lenders and property managers.
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Shore Bancshares winds down its title subsidiaryFriday, March 21, 2025 Shore Bancshares Inc. announced that its title subsidiary will cease conducting real estate closings by March 31. According to a filing with the Securities and Exchange Commission, the title company will continue to operate as necessary to complete any work in progress.
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AM Best assigns excellent ratings to Premier Land TitleFriday, March 21, 2025 AM Best has assigned excellent financial strength and long-term issuer credit rating to Premier Land Title Insurance Co. of Coppell, Texas. Premier’s parent company is builder PulteGroup Inc.
The outlook assigned to these credit ratings is stable.
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