AllRegs, an Eagan, Minn.-based online publisher of reference information for the residential mortgage lending industry, has announced that it will offer legal content support services through Lanahan & Reilley LLP, a mortgage banking law firm based in Santa Rosa, Calif.The organizations "are joining forces to offer the Ask the Expert service to help mortgage companies clarify the overwhelming changes in federal, state, and other regulations" that affect mortgage organizations, AllRegs said. Lanahan & Reilley will, through a premium service at AllRegs, provide clarification and guidance to the industry on such issues. AllRegs can be found on the Web at http://www.allregs.com.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
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Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
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Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
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Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
April 25