The Rundown: Pocket listings ban, alleged wire fraud conspiracy, and most-liked lenders
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 the National Association of Realtors announced ban on pocket listings, Loss Mitigation Services’ alleged defrauding of Fannie Mae, Freddie Mac, HUD and more, and J.D. Power’s newly released 2019 U.S. Primary Mortgage Origination Satisfaction Study.
Here’s more detail on the topics of discussion this week:
First, the National Association of Realtors board of directors voted 729-70 on Monday to ban the controversial practice of “pocket listings.”
Up next, the owners and co-founders of a Massachusetts short sale assistance company stand accused of defrauding Fannie Mae, Freddie Mac, HUD, and others on nearly 100 short sale transactions in a scheme to “steal undisclosed and improper fees.”
Lastly, J.D. Power’s 2019 U.S. Primary Mortgage Origination Satisfaction Study, released Thursday morning, showed that there are some lenders that customers seem to like working with more than others.
Links to all of these stories are listed here:
1) NAR bans “pocket listings”
2) Massachusetts short sale company owners accused of defrauding HUD, Fannie Mae, Freddie Mac
3) Here are the mortgage lenders that borrowers like the most