Banking pro: Brokers a 'shadow industry,' not well regulated
The head of a banking industry group says that mortgage brokers are part of a 'shadow banking industry' that isn't well-regulated. He also claims that it's 'bad news' when borrowers go to 'these types of financial providers.' What do you th ...
FHA head resigns
The commissioner of the FHA is leaving to take a professorship in what MBA head David Stevens is calling 'a great loss for the industry'
Delinquencies hit lowest level since 2007
Delinquencies were down for the fifth straight quarter, reaching their lowest level in nearly seven years
Will new FICO scores set consumers up for a fall?
The announcement Friday that FICO would revamp the way it calculates credit scores was hailed by industry pros as good news for home ownership. But could the change actually be setting consumers up to fail?
Small title defects can cause big problems
Inaccurate title information has contributed to wrongful foreclosures and caused stumbling blocks in the transition of assets to the secondary market
FICO credit adjustment will increase access to home ownership -- NAR
In a move industry pros say will expand access to home ownership, FICO announced today that it is revamping the way it calculates credit scores
Top AMC, title insurance company digs deeper into reverse space
The reverse space is growing, and a top AMC and title insurer is making it easier for loan officers to originate reverse mortgages
BOA directors support largest settlement in US history
Bank of America's board of directors support a proposed settlement of more than $16 billion, the largest federal settlement with a single corporation in history
Renovation loans surging forward
With an ever-stricter regulatory environment and the economy improving at a sluggish pace, the mortgage business isn’t getting any easier. One kind of product, however, seems to be gaining steam: the home improvement loan
Branch Opportunity of the Week: Carrington Mortgage Services
Carrington branch manager Kathy Keller says the company's responsiveness, generous compensation, and focus on the underserved market led her to join