Dave Mercer has been named executive vice president for sales and marketing at MortgageBrokers.com Inc., a subsidiary of MortgageBrokers.com Holdings Inc.Before joining the company, Mr. Mercer was president of Lending Source Canada Inc., and he spent four years as a regional manager for The Mortgage Alliance Co. of Canada. He has 23 years of experience in the real estate and mortgage industries, MortgageBrokers.com said. The company said Mr. Mercer will promote its Broker Channel Acquisition Program, through which MortgageBrokers.com will offer mortgage brokers equity ownership in a public company in exchange for their origination volume. The company can be found on the Web at http://www.mortgagebrokers.com.
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Elevated delinquency levels have not affected expected losses, however, due to home price appreciation, Fitch Ratings said.
3h ago -
Retail lenders, including Beeline, Tomo Mortgage and Rocket Mortgage, settled with the department over infractions like submitting a false certification to not having the proper liquidity to be in the program.
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A pair of bills, one with bipartisan support, look to address the issues around heirs' property so these families can have clear title on their homes.
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The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
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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