"We wanted to help a larger swath of borrowers attain the American dream"
Cuts were necessary to keep its mortgage product competitive, the company said
When he’s not talking about fiscal responsibility, the head of the Oregon Tea Party is apparently dodging his mortgage payments. What’s more, he’s been doing so for years
Banks have nearly completed their consumer relief obligations under the National Mortgage Settlement, though some have far outpaced others
JPMorgan Chase & Co. has reportedly reached a tentative deal to pay about $13bn to settle claims that it misled Fannie Mae and Freddie Mac about the worthiness of loans it sold them during the lead-up to the financial crisis
A unit of Deutsche Bank AG has agreed to pay $11.5 million to settle a Nevada probe if its role in funding subprime mortgages
Brett Mills stepped outside the world he knew – one driven by numbers, competition and ego – and into a small village in Guatemala. Today, he says the lessons he learned from the welcoming people he encountered there have inspired the balanced way he runs his branch and what he looks for in new employees
Allyson Kreycik has had a good year. She had a baby and became the seventh highest female originator in the country, with $164m in originations in 2012. She jumped ship from a failing mortgage business, joined Guaranteed Rate, a franchised mortgage banking company, and started a new life in Boston.