Mortgage Market Inc., Lake Oswego, Ore., has announced the adoption of its parent company's brand name, becoming RBC Mortgage -- Mortgage Market Division.Regional manager Curt VanderZanden said the company has become "the home loan leader in and around the Pacific Northwest" largely because of its strength and stability as part of RBC Financial Group, the parent of RBC Mortgage. RBC Mortgage is a brokerage and lending firm that offers residential first- and second-lien loans and has 20 branches across Oregon, Washington, and Idaho. It can be found online at http://www.rbcmortgage.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.
April 25