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OceanFirst Bank settles DOJ redlining allegations for $15M

USA Real Estate News-Inman - Wed, 2024-09-18 16:34
Since launching an initiative to combat redlining in 2021, federal prosecutors have reached settlements with 13 mortgage lenders totaling more than $137 million.

Fed Makes Aggressive Interest Rate Cut

USA Real Estate News-RISMedia - Wed, 2024-09-18 15:56

The Federal Reserve (Fed) has turned expectations into a reality, making its first interest rate cuts since the start of the pandemic.  Against the backdrop of a cooling job market and cooling inflation, all Fed officials opted to lower the federal funds rates by half a percentage point—50 basis points—to 4.75% to 5%, making a…

The post Fed Makes Aggressive Interest Rate Cut appeared first on RISMedia.

Buyer commission suit against Hanna adds new, familiar plaintiffs

USA Real Estate News-Inman - Wed, 2024-09-18 15:28
There are now more than two dozen named plaintiffs in an antitrust case against the parent company of Howard Hanna, several of them also plaintiffs in other buyer commission suits.

Fed begins rate-cutting campaign with reduction in federal funds rate

USA Real Estate News-Inman - Wed, 2024-09-18 14:41
Central bank policymakers drop short-term rates by 1/2 percentage point and signal more cuts ahead, but much of the impact may already be priced in to mortgage rates.
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