In the next 30 to 60 days, the firm "a la mode," based in Oklahoma City, plans to release Mortgage XSites, a product designed to make it possible for small- to mid-size brokers, loan officers and other lender representatives to create a customized website that includes workflow options.At the MBA National Technology in Mortgage Banking Conference and Expo, Phoenix, Matt Bar, the company's communications director, told MortgageWire that users can customize their own website in 15 minutes using the product. It includes a wizard that can input customized logos, animation and music on desired pages within the newly designed site. Currently the product has been in beta testing for the past six weeks and includes 20 pages of content including valuable forms like the 1003 and others. A price point for the product has not been released as yet. a la mode can be found on the Web at www.alamode.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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