Beverly Hills LO Fined, Banned from Industry
A loan officer who operated from an office in Beverly Hills, California, has been fined and banned from the mortgage industry for a year over alleged fee shifting.
Recent Decline in Mortgage Complaints
Although the volume of mortgage complaints has worsened compared to a year ago, mortgage firms are making progress on a month-over-month basis.
Events Tackle Mortgage QC, Originations
Among several upcoming mortgage-related events are an investor conference, a Fannie Mae quality-control boot camp and another boot camp for loan originators.
Government Sues Guild Mortgage Over FHA Loans
Guild Mortgage Co. has become the latest target of the government in its witch hunt against lenders it claims improperly originate and underwrite government-insured loans.
MBA Chief Outlines Mortgage Industry's Challenges
As players in the secondary mortgage market meet in the Big Apple this week, the leader of the industry's prominent trade group talked about the industry's challenges.
M&T Agrees to FHA Settlement
M&T Bank Corp. said it has become the 16th residential lender to settle claims of not meeting requirements on Federal Housing Administration mortgages.
Mortgage Demand Up at Banks, CRE Stds Tighten
While bank lending standards on home loans have changed little recently, guidelines tightened on commercial real estate loans. Demand was up for both types of loans.
Industry Optimistic About Proposed TRID Rule
The Consumer Financial Protection Bureau plans to provide more certainty to mortgage bankers and service providers about the TILA-RESPA integrated disclosure rule.
Government Mortgages Drive Up Fraud Risk
Defects on mortgage applications rose for the first time in eight months, and it was deterioration on government mortgages that was behind the increase.
Freedom Mortgage Has Biggest Jump in Complaints
Mortgage complaints have risen at a faster pace than complaints for all financial services, and Freedom Mortgage Corp. had the biggest increase.