Introducing: HousingWire’s weekly news Rundown
The Rundown is a weekly video wrap of HousingWire’s top news stories produced by Alcynna Lloyd. Each week, Lloyd takes a look at the housing industry’s most intriguing stories, presenting you with a digital summary of HousingWire’s news coverage.
This week, Lloyd discusses an announced settlement between HomeStreet Bank and the FDIC, a controversial legal battle between Black Knight and PennyMac, and the housing market’s projected wave of 8.3 million first-time buyers.
Here’s more detail on the topics of discussion this week:
First, the FDIC announced Wednesday that it reached a settlement with HomeStreet Bank after an investigation found that HomeStreet had paid kickbacks to real estate agents and homebuilders in exchange for their mortgage business.
Up next, two of the biggest companies in the housing industry, Black Knight and PennyMac, are now engaged in an already contentious legal battle over allegations of trade secret theft, antitrust violations, unfair business practices and more.
Lastly, a flood of first-time homebuyers is about to hit the market over the next three years, according to newly released analysis from TransUnion.
Links to all of these stories are listed here:
1) HomeStreet Bank fined for kickbacks to real estate agents, homebuilders
2) Legal battle erupts between Black Knight, PennyMac over allegations of trade secret theft, unfair business practices
3) The homebuyers are coming. The homebuyers are coming