October 2025

Suspected $100M real estate fraud scheme uncovered in Baltimore

A suspected real estate fraud ring involving New York-based investors has triggered a wave of foreclosures across Baltimore, according to a local report. A months-long investigation by The Baltimore Banner uncovered the scheme, which allegedly involved EGBE Ventures and related companies tied to investors Eluzer Gold and Benjamin Eidlisz. The group reportedly purchased more than […]

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Former Zillow Flex agent on who benefits from Premier agent class action lawsuit

In full transparency: My former Dayton, Ohio real estate team is one of Zillow’s top-performing Flex partners, closing a significant number of Flex deals every month. I understand how the program works — the good, the bad and the fine print. When I read about the new class-action lawsuit accusing Zillow of misleading consumers through

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How Trump’s immigration policies reshape mortgage strategies

Loan officer Elizabeth Galan, who works for UMortgage in Cincinnati, has had to pivot her business strategy in 2025. Galan focuses on serving Hispanic borrowers — about 80% of her clients — in cities like Cincinnati and Dayton, Ohio, as well as northern Kentucky. Many of them hold non-permanent resident status, meaning they live in

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Reverse mortgage industry urged to elevate standards, shift perceptions at NRMLA meeting

At the annual National Reverse Mortgage Lenders Association (NRMLA) meeting, financial advisor and trainer Ryan Ponsford urged reverse mortgage professionals to strengthen their credibility and collaboration with financial advisors, saying the industry’s future depends on shifting perceptions and elevating professional standards. Ponsford, drawing on nearly three decades in the financial services sector, opened with anecdotes about industry

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Longbridge employs One Diligence’s AI platform

One Diligence, a provider of reviews and outsourcing solutions to the residential mortgage industry, announced on Thursday that reverse mortgage lender Longbridge Financial has implemented its artificial intelligence–driven platform to enhance accuracy and efficiency in loan servicing operations. Longbridge found an opportunity to improve how it verifies loan data between its origination system and loan

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Realtor associations, MLSs push back on steering allegations

The slew of defendants in the Zea antitrust lawsuit filed against the National Association of Realtors (NAR) have been busy rejecting the lawsuit’s claims. On Wednesday, the defendants filed motions to dismiss the lawsuit, as well as a response in opposition to plaintiff Jorge A. Zea’s motion for preliminary injunction.  Filed in August in the

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Homebuyers sue D.R. Horton for alleged deceptive lending

A group of homebuyers has filed a class action lawsuit against D.R. Horton, the nation’s largest homebuilding company, and its mortgage lending subsidiary, DHI Mortgage Co., alleging that the companies engaged in deceptive home-selling and mortgage practices that left buyers with unexpectedly high monthly payments. The lawsuit — filed Oct. 1 in the U.S. District

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Exclusive: Trump admin lays off Treasury CDFI staff

Key insight: Treasury said it will abolish the CDFI Fund in reduction in force notices handed out to employees on Friday.  Forward look: The CDFI funding that’s already been appropriated could be subject to what’s called a “pocket recession,” a move likely to be legally challenged.  What’s at stake: Millions of dollars for banks and

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Amid looming layoffs, CFPB is hiring attorney-advisors

Key Insight: A higher volume of litigation necessitates the hiring of more defense and appellate counsel. What’s at Stake: A shortage of attorneys could delay rulemakings and weaken the agency’s defense in federal courts.  Supporting Data: By some estimates, about 500 employees have left the agency since the Trump administration took over and Vought told

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