- Mortgage Nuggets
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- CFPB makes early exit from consent order against TransUnion
CFPB makes early exit from consent order against TransUnion
Plus: Zillow sued over alleged illegal kickbacks in mortgage business
🏡 Welcome back. Today’s newsletter is 712 words, a 2.5-minute read. Let’s dive in…
Disclaimer: Average mortgage rates as of November 07, 2025. © MND Daily Rate Index.
1. Zillow sued over alleged illegal kickbacks in mortgage business
Zillow is being sued in federal court by Alaska homebuyer Araba Armstrong, who alleges the company used illegal kickbacks to expand Zillow Home Loans, which reported a 57% jump in originations to $2.3 billion in Q3 2025.
The suit claims Zillow tied the flow and quality of buyer leads in its Premier Agent and Flex programs to whether agents steered clients to ZHL for mortgage pre-approval, without disclosing those incentives to consumers.
The complaint alleges violations of RESPA and Washington’s Consumer Protection Act, saying Zillow knowingly induced agents to breach fiduciary duties by prioritizing ZHL referrals over client interests. The filing seeks class-action status, damages, and an injunction halting the alleged practices.
2. President Trump eyes 50-year mortgage plan
The Trump administration is moving forward with a plan to introduce a 50-year fixed-rate mortgage, a reform officials believe could make homeownership more feasible for millions of Americans amid soaring prices and mounting affordability concerns.
“Thanks to President Trump, we are indeed working on The 50-year Mortgage – a complete game changer,” Federal Housing Finance Agency Director Bill Pulte said Saturday in a statement released on social media.
His announcement came after Trump shared a graphic online comparing his proposal to the 30-year mortgage policies championed by President Franklin D. Roosevelt during the New Deal.
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3. More nuggets
📊 NFM Lending grows footprint with Homespire Mortgage acquisition. (HousingWire)
🏡 45% of Americans say the government shutdown makes them less likely to make a major purchase, up from 21% in early October. (Redfin)
📈 Refi opportunities hit 3-year high as rates ease. (National Mortgage News)
💼 CFPB makes early exit from consent order against TransUnion. (Reuters)
4. Stewart acquires MCS’s mortgage services business for $330 million
Stewart Information Services will buy the mortgage services division of Mortgage Contracting Services for $330 million, adding property preservation, inspections, and related asset-management functions that Stewart does not currently offer.
The business will remain a standalone unit, and Stewart says the deal will be immediately accretive and funded with existing resources.
MCS says customers will see continuity in service quality, and the sale provides capital for future expansion under its investor group. Leadership remains intact, with Andrew Nolan continuing to oversee residential and commercial operations.
5. Opendoor, Roam team up to expand assumable mortgage access
Opendoor and Roam have partnered to highlight and execute assumable mortgages on Opendoor-listed homes. Buyers will now see which properties carry low-rate FHA, VA, or USDA loans, with Roam handling the assumption process.
The partnership also tackles the “assumption gap” by offering second mortgages to cover the difference between a home’s price and the remaining loan balance, producing a blended rate often far below current market rates.
Opendoor will identify eligible properties and coordinate with Roam to speed closings and improve seller pricing, with deeper integration planned.
“Opendoor completely reimagined the way that consumers buy and sell homes,” Raunaq Singh, the founder and CEO of Roam, said in a statement. “By pairing Roam’s assumption infrastructure with Opendoor’s marketplace experience, we can help sellers get more for their home sale and help buyers access low-rate financing. This allows consumers to move with confidence — regardless of the rate cycle.”
☀️ You’re all caught up. See you on Wednesday!
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