Rates

Lawsuit Alleges loanDepot Engaged in Deceptive Practices, Pressuring Loan Officers to Manipulate Rates for Profit

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Los Angeles, California – A lawsuit has emerged, accusing loanDepot of coercing loan officers to prioritize higher-rate loans for borrowers in order to secure greater commissions. This practice reportedly underpins allegations of steering in the mortgage lending process. The claims suggest that when loan officers were unable to finalize certain deals, they would reroute borrowers to internal loan consultants, allowing the company to pay less in compensation. However, the lawsuit argues that these transfers were predominantly superficial, with the original loan officer remaining actively involved in the transactions. If the documentation for a transfer cited … Read more

Kirkland’s Market Shift: Anticipated Rates Spark Debate Among Industry Insiders

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Kirkland, Washington, is poised to make its entrance into a new market, raising questions about how its pricing strategies will be received by consumers. With the legal industry facing rapid changes, leaders in Kirkland are strategizing to position themselves effectively amid heightened competition. As the firm expands its footprint, it could encounter diverse market dynamics that will influence its operations. Industry analysts suggest that as Kirkland moves into this new territory, understanding local demand and consumer behavior will be crucial for success. The firm aims to attract a wider client base, yet it must balance … Read more

Surge in Legal Advertising and Third-Party Funding Drives Up Insurance Rates, Experts Warn

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New York — A recent report from the Insurance Information Institute indicates that a significant uptick in attorney advertising, mass tort litigation, and third-party funding for lawsuits is closely linked to rising insurance costs in the United States. Research by the American Tort Reform Association reveals that legal service providers allocated over $2.5 billion to 26.9 million advertisements in 2024 alone, marking a staggering increase in advertising across television, radio, and outdoor platforms since 2017. Television ad placements hit a peak in 2023, totaling 16.4 million — a 44% increase since 2017. Radio advertisements exceeded … Read more

Bossier Parish Set to Discuss Property Tax Rates in Upcoming Public Meeting

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Benton, LA – In a recent development unfolding in Bossier Parish, the local Police Jury has announced a meeting set for May 21, during which they plan to discuss the levying of 2025 ad valorem property tax millages. This has sparked interest and some concern among residents about the potential for increased property taxes through a process known as a “tax roll forward.” Local governments periodically reassess property values which can lead to adjustments in tax rates. When assessments yield higher property values, millage rates can be rolled back to avoid collecting extra revenue, thereby … Read more