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A former Consumer Financial Protection Bureau official is launching a mortgage company next year to originate non-qualified mortgages.
June 6 -
A MortgageMarvel.com analysis of 650,000 mortgage applications filed with 1,100 U.S. lending institutions across the country in 2012 shows buyers are taking advantage of technology to apply for mortgages at all times.
June 6 -
The Scottsdale, Ariz.-based landlord, which began buying foreclosed homes and converting them into rentals last year, had planned to raise as much as $260 million in an IPO this week.
June 6
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With the housing market recovering, Wells Fargo plans to ramp up the marketing of a credit card that allows customers to use reward points to pay down their mortgage.
June 6 -
One company sold a package of fixed-rate and agency-backed MBS. It then parked the proceeds into variable-rate mortgage securities.
June 6 -
Inherent market risks are not stopping real estate owners from choosing to operate as niche real estate investment trusts, according to Fitch Ratings.
June 5 -
A Somerset County, N.J., man faces 108 months in prison for his role in defrauding victims of an investment scheme.
June 5 -
Envoy Mortgage, currently engaged in enhancing and restructuring its mortgage banking capabilities, is choosing in-house servicing over subservicing.
June 5 -
Customer advocacy groups recently targeted Bank of America and JPMorgan Chase headquarters during annual shareholder board meetings to protest against mortgage lending discrimination and abusive foreclosure practices.
June 5 -
The Federal Housing Administration is working on a proposed rule that would require reverse mortgage lenders to conduct financial assessments of seniors taking out Home Equity Conversion Mortgages.
June 5
