MEM Financial Solutions Inc., a mortgage broker based in Half Moon, N.Y., has announced the signing of a letter of intent to acquire Integrity Research Inc., a title agent based in Clifton Park, N.Y.MEM Financial said Integrity is an authorized title agent for Chicago Title Insurance Co. and also does settlement closings for about 35 lenders and other title agencies. Its principal, Charlotte L. Freeman, is a 35-year veteran of the title industry, where she has worked for underwriters, title agents, and attorneys, MEM Financial said.
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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