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Truework, Transunion join forces to enhance income verification services

Housing Wire

Together, Transunion and Truework will offer verifiers an accurate and up-to-date view of consumers’ income and credit data, enabling better insights and more efficient decision-making, according to a press release. The initial focus will be on select industries, with plans to expand to others in the future.

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Drama mounts in Sitzer trial as HomeServices files a motion for mistrial

Housing Wire

On Tuesday afternoon, after the National Association of Realtors finished its defense, HomeServices of America took the floor. It has been an eventful and drama-filled 24 hours in Kansas City, Missouri, for the Sitzer/Burnett class-action antitrust buyer broker commission lawsuit. Ketchmark knows better.”

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Ex-chief of staff accuses The Change Company of “mischaracterizing loans” 

Housing Wire

Levine, who was an assistant White House Press Secretary under President George W. A former high-ranking employee at nonbank The Change Company CDFI (TCC) filed a lawsuit in California accusing the company of retaliation after he notified executives of employees “mischaracterizing loans” to apparently skirt federal reporting requirements.

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Biden signs American Rescue Plan. Here’s what that means

Housing Wire

Per White House Press Secretary Jen Psaki, direct deposits could be hitting Americans’ bank accounts as early as this weekend. President Joe Biden signed the American Rescue Plan Thursday, freeing up $1.9 trillion aimed at invigorating the economy following the COVID-19 pandemic. Presented by: Proctor Loan Protector.

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Compass acquisition could worry some California agents

Housing Wire

Suspicious real estate agents and rival brokerage heads in California will worry that the deal could funnel general information about California home sales to Compass thanks to a recent partnership Glide announced with the California Association of Realtors. Unclear is whether the California MLS may renege its relationship with Glide.

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Opinion: The “profitless boom” in residential construction

Housing Wire

The Association of Professional Builders (APB) notes that building companies are losing thousands of dollars due to extortionate price hikes brought about by shortages and increasing demand in the construction industry, fueled by record-low interest rates and buyer ‘fear of missing out.’

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The real estate industry battles the rising tide of email fraud

Housing Wire

Among those targets were a Memphis-based real estate company and a title company in Washington state that combined were swindled out of more than $200,000 through the scam. The illicit proceeds from the closing-fund thefts were then quickly moved from the U.S. bank accounts to various locations in West Africa via wire transfers.