Modifying the popular deduction wouldn’t actually affect a majority of homeowners — but industry leaders are adamant that the MID is untouchable
Allied Home Mortgage Corp. and Allied Home Mortgage Capital, along with their CEO, have been slapped with multimillion-dollar penalties after a jury found them responsible for more than a decade of mortgage insurance fraud
What is a positioner? A positioner is a mortgage professional who builds a brand and reputation such that prospects come to them.
Mortgage insurers could be set for a comeback as the housing market recovers
Online marketing is crucial for originators, but if done incorrectly they can be written off as "sleazy salespeople"
The incidence of mortgage fraud has seen an upswing, but remains low compared to the height of the financial crisis
A Connecticut originator has been fined US $1.2m for submitting loan applications with fraudulent borrower information
The CFPB is working with state regulators to ensure they properly enforce new industry rules