Mark Hughes has been named president of the Bohan Group, a San Francisco-based provider of risk analysis for the mortgage industry.Mr. Hughes, who will retain his title of chief operating officer, has been an executive vice president of Bohan for four years. Before joining the company, Mr. Hughes spent 12 years in the mortgage department of Solomon Smith Barney (now Citigroup). Bohan provides due diligence, and it recently expanded its services to include regulatory compliance reviews and software as well as a Southern California mortgage fulfillment center. Paul Bohan, the company's chairman and chief executive officer, said Mr. Hughes "will be key in the expansion of our fulfillment center in Southern California, as well as forging new partnerships with other service providers." The company can be found online at http://www.bohangroup.com.
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Elevated delinquency levels have not affected expected losses, however, due to home price appreciation, Fitch Ratings said.
2h ago -
Retail lenders, including Beeline, Tomo Mortgage and Rocket Mortgage, settled with the department over infractions like submitting a false certification to not having the proper liquidity to be in the program.
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A pair of bills, one with bipartisan support, look to address the issues around heirs' property so these families can have clear title on their homes.
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The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
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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.
April 25 -
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.
April 25