Consumer Direct of America, a mortgage brokerage consolidator based in Las Vegas, has announced that it will open a title insurance subsidiary in Atlanta.The operation, which will be headquartered in Consumer Direct's Atlanta banking office, will provide title insurance services to the company's mortgage branch system. The company said the subsidiary will allow Consumer Direct to insure its mortgage loans and add an additional 1%-2% to its revenue stream. "We intend to integrate the title insurance products into our branch production operations during 2004," said Michael A. Barron, chief executive officer of Consumer Direct. "By adding the title insurance products, we add a much greater level of control to the closings of our loans."
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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 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25 -
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