The Better Mortgage Bureau, Baltimore, has changed its name to the Consumer Mortgage Bureau.The bureau said the name change is aimed at making people aware that it is a consumer-driven organization. "We intend to make it crystal clear to the public who we are, what we stand for, and what we do, so there will be no confusion whatsoever," said Lance Cassell, managing director of the bureau. "We see an industry that is losing its consumers' trust, and we intend to revive it." The group said consumers can be assured that its members are licensed, trained, and will adhere to the Consumer Mortgage Bureau code of ethics. The bureau can be found online at http://www.consumermortgagebureau.org.
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Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
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In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
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Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
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The lender accused its former leader of compromising its Fannie Mae seller/servicer number to prevent it from delivering loans.
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Equity is entitled to a little over $70,000 worth of damages.
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