"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
An agent entrusted with holding millions in mortgage payments has pleaded guilty to diverting that money into his own accounts
While the effort to provide lenders more leniency around FHA-backed loans is appreciated, one associations believes more clarity is needed before those products are once again fully embraced by the industry
The mortgage industry is thriving, but that growth is being stunted by restrictive policies coming from Washington – and could be crushed altogether if more regulation is placed on the process of lending and buying a home
Business consultant Samuel Day on the difference between good leadership and good management
Mortgage applications up 11.3 per cent last week… Chicago homeowners set to face 60 per cent property tax hikes… Griffiths, Banderas opt to rent out hard-to-sell home…
The government is trying to encourage banks to originate riskier loans by proposing new documents that would leave room for minor errors on those files – but the banks aren’t yet sold.