Forum firestorm over banker's comments that brokers are barely regulated
A couple of days ago, we reported on some comments made by the president and CEO of the Florida Bankers Association, and reader response was, shall we say, impassioned
Reverse industry headed for a growth period -- exec
Right now, the reverse industry is tapping just 2% of the eligible market. But the reverse industry is set to expand, according to Kimberly Smith, senior vice president of wholesale lending for American Advisors Group
Housing still slow, but recovery projected -- Freddie Mac
Freddie Mac says that the economy is normalizing slowly but surely, and a strengthening labor market should drive a housing recovery
Industry isn't effectively courting millennials -- AFR exec
There are tighter times ahead, according to one industry pro. And one of the biggest problems the industry faces is the inability to court younger buyers.
Carrington finds marketing opportunity in home design show
Carrington was recently able to promote its strategy of serving underserved borrowers -- those with FICO scores below 640 -- in a segment on the television show 'Designing Spaces'
Internet lender hit with $19.3m fine for bait-and-switch scheme
The CFPB has fined Atlanta-based Amerisave $19.8 million for allegedly luring customers in with misleading rates
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?