"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
The lender will send refunds to more than 1,300 New Yorkers as part of a settlement with state regulators.
According to the lawsuit, minority borrowers were steered toward a program that pushed them into low- and moderate-income neighborhoods.
Everyone is looking for different ways to bring in more leads, but is purchasing an expensive online marketing system the answer?
Mel Watt said the regulator is considering reducing the balances of some homeowners’ mortgages, but the effort could prove to be challenging.
The share of zombie homes has increased, despite the decline in total foreclosures, according to the latest data from RealtyTrac.
The Utah-based group lured consumers into paying thousands by falsely promising that attorneys would negotiate mortgage modifications that would substantially reduce the consumers’ mortgage payments