The mortgage industry's digital transformation is revolutionizing the home buying experience and upending the status quo for lenders and servicers. The Digital Mortgage Conference is the premiere event exclusively dedicated to these developments, bringing over 1,500 professionals to Las Vegas on Sept. 17-18 for keynote speakers, panels and the main attraction: live product demos showcasing the latest mortgage innovations.
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This has been a difficult year for the industry with government takeovers of three regional institutions, which rank among the 10 biggest failures in U.S. history. Here is a look at what went wrong at those three banks and the seven others on this infamous list.
April 26
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The California bank, which endured large deposit outflows in March, anticipates selling its $2.7 billion lender finance portfolio in the coming months. It's also looking at cutting facilities, employee headcount and vendor costs.
April 26
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Her statement calls out "a fundamental misunderstanding about the fees" following concerns expressed by two congressmen and others about their impacts.
April 26
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Conventional and government-backed purchases both increased last week, even with a 12 basis point surge in the 30-year conforming average, the Mortgage Bankers Association said.
April 26
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Josh Malancuk, CPA, CMI is president ofJM Tax Advocates , a service organization that advocates for property tax reductions and maximum level incentives for Midwest manufacturers. He brings 28 years of specialized knowledge and experience to his clients. JM Tax Advocates currently serves on the Iowa Association of Business and Industry's tax committee and provides input and collaborates on tax legislation. He can be contacted directly atjoshua@jmtaxadvocates.com or at (317) 674-8390 x100.April 26
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Tax lien forfeitures have unjustly taken from thousands of homeowners a combined $860 million in remaining proceeds from foreclosure sales, attorneys claim.
April 26
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Business owners or employees in this line of business can apply for a non-QM loan in 38 states that have legalized recreational or medical use of marijuana.
April 26
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Depending on the state, the range is from $1.7K to $3.7K based on loan offers made on the site.
April 26
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An interagency statement warned that automated systems have the potential to perpetuate discrimination and that such systems should be developed and used "in a manner consistent with federal laws."
April 25
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A couple small deals with some unusual regional concentration also are in the market and one broker says many billions of dollars more are in the pipeline.
April 25
