"December 3, 2024" Archives

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Opposition to the NAR settlement agreement continues to roll in

One week after it was granted final approval, the National Association of Realtors’ (NAR) commission lawsuit settlement agreement is facing more challenges. On Monday, settlement objector and University of Buffalo law professor Tanya Monestier filed a motion to intervene in the Sitzer/Burnett suit. And Monty March, the lead plaintiff in a now-dismissed copycat suit in New…

Cardinal Financial issues first mortgage-backed security using FICO 10 T

Global analytics software leader FICO on Tuesday announced the launch of the first-ever government-issued mortgage-backed security (MBS) with loans originated using FICO Score 10 T. The MBS pool was issued by Cardinal Financial and included loans from the U.S. Department of Veterans Affairs (VA). FICO Score 10 T utilizes trended data for lender use in…

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