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.
Broker's House Swept Away By Texas Floods
A mortgage broker in Central Texas who awoke to his house being flooded was able to escape before his house floated downriver.
Mortgage and U.S. Employment Strengthen
The mortgage industry and the broader economy saw monthly strengthening in the employment sector. Unemployment fell to the lowest level since before the financial crisis.
Mortgage Employment Sinks
The first month of the new year brought with it disappointing news about mortgage employment. Jobs data for other industries, however, was more optimistic.
Brokers Push Up Mortgage Employment Numbers
Hiring among all industries remained strong last month. Employment metrics also remained positive in home lending thanks to mortgage brokers.
Mortgage Jobs Increase
The latest reading on jobs in the mortgage industry indicates a month-over-month expansion, though headcount was off from a year earlier. U.S. unemployment, meanwhile, fell.
Prison for Former Executives of Failed MO Firm
A third senior executive has admitted his role in a bank fraud scheme that kept a Missouri company afloat as it racked up a huge deficit.
Mortgage Jobs Hold as US Employment Vastly Improves
A solid improvement in the nation's job situation placed upward pressure on interest rates. Mortgage employment, however, was stagnant.
Mortgage Broker Count Sinks in Oregon
The number of people making a living from mortgage brokering in Oregon has plummeted by more than two-thirds since before the financial crisis, though the total has recently been creeping up.
Mortgage Jobs Grow With Overall U.S. Employment
Mortgage companies added more jobs during September. Sector improvement came as U.S. employers increased payrolls by over 200,000 jobs in all industries -- with the unemployment rate sinking to the lowest level in more than six years.