Mortgage Broker's Attorney Dozes Off During Trial
A Pennsylvania mortgage broker who was convicted of mortgage fraud this week will get a second chance thanks to his lawyer dozing off during trial.
Wholesalers Expand Programs, Improve Process
Wholesale lenders have recently added subprime and conventional programs. One wholesaler launched an income verification tool, while another added a broker platform.
Mortgage Employment Highest In Nearly Decade
Despite a weak report on the U.S. job market, the number of people working in real estate finance has reached the highest level in nearly 10 years.
Fund Launched to Subsidize Mortgage Broker Startups
A new initiative will provide individual loan originators with $10,000 to help them start up their own new mortgage brokerage firm.
Prison for Mortgage Brokers in Ponzi Scheme
A pair of mortgage brokers from Hawaii are headed to prison after being convicted of operating a $26 million Ponzi scheme.
Solid Expansion in Mortgage Employment
The monthly number of non-bank mortgage jobs grew by nearly 5,000, and a weak report on overall jobs is likely to keep interest rates competitive.
Mortgage Broker On How Business Has Changed
A mortgage broker in the state of Washington who opened his own firm talked about how the broker business has changed since the financial crisis.
Stellar Growth for U.S. and Mortgage Employment
The latest employment report was strong -- with a solid increase in U.S. jobs, a higher labor participation rate and a nice bump in mortgage jobs.
Mortgage Jobs Expand, U.S. Payrolls Explode
U.S. employment was surprisingly higher last month, though unemployment grew. Mortgage broker jobs continued to expand.
Despite Dismal Employment Report, Mortgage Jobs Up
A drastic decline in job growth was reported by the government. But the news was good for the mortgage industry -- with employment expanding and rates tumbling.