Loan Factory sued by originators for alleged use of unauthorized information

California-based mortgage brokerage Loan Factory was sued by a class of loan originators, who allege that the company used their personal and professional information, without their authorization, on its website in an attempt to drive business.Loan officer Derek Daniel Bobadilla and the class member
Read MoreIndiana’s housing market is primed to bounce back in 2024

Last year was a tough one for the Indiana real estate market.“Sales from 2022 to 2023 were down 14%,” Mark Fischer, the CEO of the Indiana Realtors Association, said. “We were up year over year in inventory, but we were at a 25 year low on new listings.”But as the calendar flipped to 2024 and as we
Read MoreOpinion: Improving housing affordability without exposing homebuyers to more risk

It is no secret that there is a housing affordability challenge in the U.S. According to the National Association of Realtors’ (NAR) Housing Affordability Index, since spring of last year, a typical family with a median income have not been able to afford a median-priced home. While mortgage rates w
Read MoreMagistrate judge recommends $46M in restitution from former Live Well CEO

After attorneys made their cases for both the U.S. government and former Live Well Financial CEO Michael Hild regarding a restitution amount owed to the company’s creditors, a magistrate judge overseeing the issue has recommended that Hild pay more than $46 million.The final amount will be determine
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