JPMorgan has officially settled allegations that it charged higher interest rates to minority borrowers
The CFPB hit both CitiFinancial and CitiMortgage with fines, saying the servicers kept borrowers in the dark about ways to avoid foreclosure
The share of distressed sales in December reached a seven-year low and is inching closer to the pre-financial crisis share of 2%.
The former Senate Banking Committee chairman's letter asks for changes to the QM rule. There's only one problem: it seems to be a fake.
The deal comes weeks after the servicer was urged to cut ties with Ocwen, and the acquisition could weaken hedge fund BlueMountain Capital, which recently took a major bet against the company.
According to Case-Shiller, home prices grew last year at twice the rate of inflation, and new home sales remain weak despite strong economic fundamentals.
More than half of mortgage originators find their careers less rewarding than in the past, but many are still anticipating a brighter future.
The Los Angeles-based company has launched alternative mortgages in the state of Washington.