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4 天之前 · News analysis and perspective from National Mortgage News, an award-winning comprehensive digital resource serving the entire residential mortgage industry.
CFPB sues Rocket Homes, brokerage over kickback scheme
2024年12月23日 · The Mitchell Group was an "enthusiastic partner" in the kickback scheme and allegedly referred thousands of clients to Rocket and Amrock.Some of these referrals were egged on by the promise that agents referring the most business to Rocket would receive a $250 gift card, the CFPB claims.
Mortgages affected by fall hurricanes number in millions | National ...
2024年12月27日 · The Federal Housing Finance Agency introduced a new tool this month to help mortgage industry servicers and investors examine the potential impact of two major 2024 hurricanes on loan performance. The FHFA's dashboard provides data on single-family mortgages backed by Fannie Mae and Freddie Mac in ...
Mortgage rates surge in the final weeks of 2024 - National …
2024年12月26日 · Markets appeared to instead react to signals of a still-robust economy illustrated by consumer sentiment readings earlier this month and signs of spending leading up to the holidays.. Yields of 10-year Treasurys, which influence the direction of mortgage rates, reflected the sentiment, increasing to 4.63% on Thursday morning compared to 4.57% at trading close one week earlier.
What lenders want from Trump White House, Congress in 2025
2024年12月23日 · The title insurance industry has seemingly been in the government's crosshairs this year. The CFPB has mulled making lenders pay title insurance and has characterized the coverage as "junk fee," while the FHFA is moving forward with a title waiver pilot. The American Land Title Association slammed the government's moves, and last month bipartisan lawmakers backed its call to stop the FHFA's pilot.
Easyknock shutdown falls under congressional microscope
2024年12月19日 · One of several fintechs promoting products that allow homeowners to tap into or "share" in their properties' equity accrual, New York-based Easyknock ran into nationwide legal trouble with its sale-leaseback agreements. Terms of the contracts led consumers to release their homes to the company, temporarily turning them into tenants, but given assurances they would receive the value back.
Rate, Onity, Figure add, promote mortgage leaders | National …
2025年1月3日 · National mortgage lender Rate bolstered its reverse mortgage operations, naming Jesse Allen as president of the division. Rate also added Greg Pahel as executive vice president, consumer-direct reverse lending. Both executives will be responsible for supporting the Chicago-based company's reverse mortgage ambitions, leading the unit's growth and expansion.
Best Mortgage Companies to Work For 2024
2024年3月4日 · Headquarters: Tucson, Arizona Number of employees: 154 Website: theloanstore.com The 11-year-old company last spring purchased Home Point's wholesale business and is helmed by Home Point's former president of originations, Phil Shoemaker. The Loan Store offers a traditional suite of loan products, home equity line …
Mortgage technology advanced despite tough market in 2024
2024年12月24日 · After reports of system hacks and related crises arrived with alarming frequency in 2023, cyber crimes appeared to tail off over the past 12 months. The effects of a year some mortgage companies would prefer to forget lingered, though, leading to rollout of new rules and the likelihood of increased prevention costs, with perpetrators taking no breaks as they look for new ways to commit fraud.
9 explosive mortgage suits 2024: poaching, fraud and more
2024年12月23日 · United Wholesale Mortgage was accused by Hunterbrook, a venture capital-backed outlet, of holding brokers captive via its All-In Initiative and overcharging borrowers by hundreds of millions of dollars.A suit related to the investigation followed soon after. The lengthy article and its attached research points to over 8,000 independent mortgage brokers who sent 99% or more of their loans to ...