In a letter to U.S. President Barack Obama, the association urged him to update his speech material to reflect the current realities of the mortgage business, particularly with individual mortgage professionals and the role of the CFPB.
Lagging court cases and the constant changes to mortgage modification programs may be the reason as to why many troubled home owners could skirt the law and keep their homes without ever having to pay another dime.
Is this the way of the future? Bank of America is making great strides in being on the forefront of mortgage technology with the addition of video mortgage bankers and the launching a new web-based tool that is aimed at guiding consumers to down payment and closing cost assistance programs available in their region.
What do you think is the most important advantage of being part of a branch network?
While not everyone agrees on the future of Fannie Mae and Fr ...read more
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