BridgeSpan has not ceased all operations, as MortgageWire erroneously reported, and the BridgeSpan website has relaunched after being taken down in the wake of the closure of BridgeSpan Title.The BridgeSpan homepage had been replaced earlier by a notice directing visitors to an eMortgageAxis Web page. BridgeSpan said about 150 employees were laid off as a result of the shutdown of BridgeSpan Title, not 200-plus as previously reported in The Title Report and cited by MW. A news release on the relaunched BridgeSpan homepage quotes BridgeSpan CEO Larry Walker as saying, "While BridgeSpan's innovative technology may have once been ahead of its time, it looks like its time may be just arriving." MortgageWire regrets the error.
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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.
13m 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.
2h ago -
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.
2h ago -
While home lenders are seeing a decrease in issues coming through mobile channels, phone fraud spiked last year, accounting for 28% of losses, a new report found.
5h ago -
The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
April 24 -
The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
April 24