The Mortgage Bankers Association is adding a Certified Mortgage Servicer program to its CampusMBA suite of industry training and educational programs.The program, which includes education and certification tracks in loan administration, financial controls/investor reporting, and default administration, was announced at the MBA National Mortgage Servicing Conference in Orlando, Fla. Dan Thoms, the MBA's vice president of education, told MortgageWire that the program will include a series of achievement and educational designations aimed at promoting professionalism in the mortgage servicing sector.
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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.
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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.
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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.
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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