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Colony Ridge settles predatory lending claims for $68M

Texas-based land developer and lender Colony Ridge Land LLC has agreed to pay $68 million to settle allegations of predatory practices against Hispanic borrowers. A portion of the funds will be used to support immigration-related law enforcement. The case dates back to December 2023, when the U.S. Department of Justice (DOJ) and the Consumer Financial…

FirstTeam expands into Arizona with new Scottsdale office

FirstTeam is expanding into Arizona. On Tuesday, the firm announced the opening of FirstTeam Scottsdale. “Our expansion into Arizona represents an important next step in our national growth strategy,” Michele Harrington, the CEO of FirstTeam, said in a statement. “This new office strengthens our presence in the Southwest and allows us to bring our agent-first…

Foreclosure filings are on the rise, placing more stress on servicers

Foreclosure activity continued to climb on an annual basis in January, even as filings declined from the prior month, according to a report released Wednesday by property data firm ATTOM. ATTOM’s January 2026 U.S. Foreclosure Market Report found that there were a total of 40,534 U.S. properties with foreclosure filings — including default notices, scheduled…

QXO set to acquire Kodiak Building Partners for $2.25 billion

QXO, a distributor of roofing products and building materials, generated acquisition buzz last month, as its senior business leaders announced a combined $3 billion in funding for its war chest. On Wednesday, the Brad Jacobs-backed company announced plans to put its war chest to work by acquiring Kodiak Building Partners from private equity firm Court Square…