"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
Homeowners who were in the path of Hurricane Harvey are already being pursued by fraudsters, a government watchdog warns
The lending giant allegedly charged mortgage borrowers extra fees when approvals were delayed – even when the delays were the bank’s fault
Observers say that the Fed will likely hike rates again before the end of the year
The agency said the program ‘is losing money and can no longer remain viable in its present form’
The second quarter saw an 8% year-over-year increase in low-down-payment mortgages among first-time homebuyers
Cary Burch joins as a director as the company drives to expand its product offerings