Feds investigating banks over foreclosure expenses
At least five banks are being investigated by the U.S. Attorney’s Office over whether they overcharged the government for foreclosure expenses on federally backed mortgages
Wells Fargo targeted minorities with predatory lending -- lawsuit
A judge has nixed Wells Fargo's motion to throw out a lawsuit accusing the bank of engaging in predatory lending practices targeting minorities.
Going it alone in the mortgage origination world can be tough, especially when new hurdles such as the QM rule are thrown in your way. Joining a branch network and making the most of all the corporate support that comes with it is one way t ...
Commercial real estate outlook good despite sluggish economy
Despite disappointing economic growth in the first quarter, the outlook for commercial real estate is still optimistic
Filling the wholesale gap
The giant banks may have abandoned the wholesale channel, but that void is being filled by residential lenders
Fannie Mae denies black borrowers are disproportionately refused
A leading industry group is saying that black borrowers face a disproportionate denial rate on Fannie Mae- and Freddie Mac-eligible loans, but Fannie Mae says it sees “serious flaws” in that conclusion
Home sales up, but market still sluggish
Sales of new single-family homes were up in April, but economists said the market wasn’t picking up fast enough.
Top 20 beach towns ranked
Hobe Sound, Fla., is the No. 1 beach town in America, according to a study accounting for home values, crime rate, weather and air quality
Mortgage bankers’ average profits plummet in 2013
Mortgage bankers’ average profits saw a dramatic drop between 2012 and 2013, though the Mortgage Bankers Association still termed last year’s performance “respectable”
CFPB discriminates against women, minorities – union rep
The head of the CFPB's employee union testified before Congress that the agency routinely underpaid women and minority employees when compared to their white male colleagues