Former bank president faces life in prison for bank and real estate fraud
A former bank president has been convicted of multiple counts related to several multimillion-dollar fraud schemes
Does calling at certain times of day really improve customer contact?
When calling prospects, many originators stick to a traditional “time of day” approach – calling at certain “optimal times” when they think borrowers are more likely to answer. But is that really the best strategy?
Treasury bonds hit record lows – could mortgage rates follow?
Treasury bond yields hit record lows Tuesday as investors rushed to the safety of government debt amid Brexit fears. Could the Treasury-buying frenzy mean further mortgage rate drops?
Senate housing reform champions made money off of housing collapse
Two senators pushing for housing finance reform made millions from a fund that bet against the real estate market during the run-up to the financial collapse
Home prices set to continue rising as resales surge
New data suggests that home prices will continue their upward push, driven largely by still-tight inventory and the highest resale activity in nearly a decade
Builders, realtors demand reforms to flood insurance program
Extreme flood insurance rate hikes and shoddy floodplain mapping are driving the cost of homeownership up and home values down, industry organizations told Congress
Company slapped with $1 million fine for overcharging on force-placed mortgage insurance
A state commerce department has slapped a company with a hefty fine and instructed it to lower rates by 43% after finding that it overcharged customers for mortgage insurance
After 5 years, Countrywide investors are paid $8.2 billion settlement
For nearly five years after the settlement was agreed upon, investors were stuck in legal limbo awaiting payment. The wait is finally over for most of them – but some are still waiting
CFPB, Justice Dept. slap bank with millions in fines over alleged discrimination
The agencies have accused a bank of “redlining,” a discriminatory practice that has been outlawed for decades
Being an advocate for first-time buyers
Guaranteed Rate’s Shant Banosian, one of the nation’s top producers, talks about what sets his company apart, the importance of technology, and his passion for first-time buyers