Icon Residential Capital LLC, Newport Beach, Calif., has announced the formation of a wholesale mortgage lending division to be headed by Kathleen Lipps as national production manager.Icon said it plans to redefine wholesale lending by concentrating on building long-term relationships with brokers. "These relationships will, in turn, allow brokers to better serve their customers and respond to their individual needs," the company said. Ms. Lipps has over 16 years of experience in mortgage lending, having held senior positions with several national mortgage lenders in nearly every aspect of retail and wholesale loan production, Icon said. The company can be found on the Web at http://www.iconrescap.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.
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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.
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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