Jess Hartmann has been named president of Mortgage Coach, a provider of mortgage planning software based in Irvine, Calif.Mr. Hartmann was most recently the chief executive officer of ISD Corp., a software development and services firm. Before joining ISD, he was the senior vice president and chief information officer at New Horizons, which Mortgage Coach said is the largest information technology training company in the world. The company pointed to Mr. Hartmann's "proven track record" of expanding companies and said it plans to use his expertise "to further penetrate the mortgage market and capitalize on the vast potential caused by the growing trend toward mortgage planning." Mortgage Coach can be found online at http://www.mortgagecoach.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.
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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.
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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.
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