Former Cop Admits Role in Mortgage Broker Fraud
A former police officer who was honored for his efforts in reducing violent crimes has admitted to his role in a pre-crisis mortgage fraud scheme.
CT Mortgage Firm Converts From Broker to Banker
Norcom Mortgage has made the conversion from mortgage broker to mortgage banker -- growing from dozens of employees to hundreds in the process.
Mortgage Jobs Expand, U.S. Employment Strong
U.S. employers were aggressive about hirings last month, sending unemployment to a seven-year low. Mortgage jobs also fared well in the government report.
Prison for Mortgage Broker Who Deceived Investors
A former mortgage broker out of Northern California has been sentenced to three years in prison by a federal judge for allegedly deceiving note investors on bridge loans.
Mortgage Jobs Hold Up as U.S. Employment Weakens
Among all industries, hirings weakened last month, and the prior month numbers were revised down. But staffing in home lending held steady and could strengthen thanks to a steep decline in rates today.
Conferences Focus On Mortgage Compliance
Multiple upcoming events will provide insight into mortgage compliance for home lenders, residential loan servicers and financial institutions.
Mortgage Jobs at Highest Level in Nearly 2 Years
It's been nearly two years since there have been this many people working for non-bank mortgage firms. Among all industries, the data was mixed.
Mortgage Jobs at Highest Level Since 2013
The number of people working in non-bank mortgage jobs climbed to the highest level since 2013. Among all industries, job growth continued.
Mortgage Jobs Jump as US Unemployment Sinks
Estimated total monthly staffing in the mortgage industry jumped by more than 6,000 jobs. Meanwhile, employment across all sectors expanded, and the unemployment rate fell to the lowest level in more than seven years.
Wholesaler Settles Charges of Discrimination
One of the nation's 25-largest lenders has settled allegations that minority borrowers were charged higher rates and fees on loans originated through its wholesale lending channel.