A federal district court in Kentucky handed a victory to a Louisville, Kentucky law firm, Borders & Borders, after a long-standing legal battle with the Consumer Financial Protection Bureau over alleged Real Estate Settlement Procedures Act violations. The noteworthy case will definitely gain some attention in the industry given the recent controversy around RESPA violations. And in this case, the CFPB lost.
South Carolina-based South State Bank announced Monday that it is launching a mortgage lending initiative, pledging $100 million to consumers located in low-to-moderate income and minority areas in North Carolina, South Carolina, Georgia, and Virginia.
First American released its latest report showing housing affordability improved in May, but remained down significantly from last year. But First American’s reported increase in unadjusted home prices contradicts other measures of home prices.