Operation Hope Inc., a nonprofit provider of financial literacy and other programs, and The First American Corp., a data provider, have announced the opening of a joint call center facility in Poway, Calif., that will serve as a virtual financial education and services center for credit and homeownership counseling.The call center will be located on First American's Poway campus and staffed by Operation Hope employees. In addition to its education and counseling functions, the center will promote Operation Hope's Banking on Our Future and Hope Coalition America programs. The center was first announced Oct. 4 as part of Project Restore Hope, a hurricane disaster assistance campaign developed in conjunction with the Federal Emergency Management Agency. The organizations can be found on the Web at http://www.operationhope.org and http://www.firstam.com.
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The drop in the annual metric for FHA loans was the biggest in over four years but other performance indicators ICE Mortgage Technology tracked were mixed.
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NJ Lenders suffered a cyberattack last August, which potentially exposed the names and social security numbers of about 30,000 individuals.
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Its origination volume of $621.8 million was an increase of $114 million compared with the first quarter but its gain-on-sale was 5 basis points lower.
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The mortgage subsidiary of PlainsCapital Bank saw improvement in its bottom line but remained in the red amid ongoing affordability constraints.
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Though the crimes occurred earlier this decade, they highlight how much easier it has become to create false documents today, given the rise of artificial intelligence.
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The "stay-put" economy, along with higher mortgage rates, is responsible for this shift where home equity and seconds have a 17.5% market share, Benutech found.
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