Campus MBA, the educational arm of the Mortgage Bankers Association, is teaming up with Option One Mortgage Corp., a subprime wholesaler in Irvine, Calif., to launch a new mortgage broker and originator initiative called Creating New Customers.Its goal is to teach brokers and other originators how to lead customer workshops in an effort to improve financial literacy and enhance relationships. "Creating New Customers has a dual purpose leading toward one unified goal," said Dan Thoms, the MBA's vice president of education and business development. "By educating consumers on the homebuying process and enhancing the originator's knowledge of consumer concerns, the program will help more Americans across the country realize the dream of homeownership." The MBA can be found online at http://www.mortgagebankers.org, and Option One can be found at http://www.optiononemortgage.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.
8h ago -
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.
8h ago -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
9h ago -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
10h ago -
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