The New York attorney general is reportedly investigating reverse mortgage servicing practices at units of Nationstar Mortgage and OneWest bank
Former homeowners, speaking before the Senate, urged the rejection of Steve Mnuchin’s nomination as Treasury secretary after foreclosure issues with OneWest bank
The group is calling on regulators to investigate alleged pro-foreclosure campaigns that they claim have been launched by several Wall Street giants.
Quicken Loans seems to think so as it is suing the DOJ and HUD. The lender said it had no choice after the DOJ demanded it “make public admissions that were blatantly false, as well as pay an inexplicable penalty or face legal action.”
While the regulator is making changes to financial and operational requirements of PMIs, it is leaving g-fees alone.
A federal judge has ruled that the bank’s denial of modifications were in breach of a 2010 settlement involving adjustable-payment mortgages.
Home builders remain careful not to add inventory beyond expected demand, as they struggle with increasing costs for lots, labor and materials.
If your clients are calling you asking about current rates, your job is to change the conversation from rate to payment – and quickly.