Unite Here, a New York-based labor union, has launched a website that it terms "an open resource on the subprime lending crisis and the nation's No. 1 subprime lender, Countrywide Financial Corp."Unite Here, which says it represents over 450,000 North American members, said it has also sent a survey to 1,500 borrowers who took out Countrywide adjustable-rate mortgages. The union said it will use the survey to research customers' experience, including knowledge of the terms of loans at the time they were made. The new website can be found at http://www.eyeoncountrywide.info, and the union can be found at http://www.unitehere.org.
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The ex-worker who was terminated for unprofessional conduct has allegedly disparaged the brokerage and is refusing to return loan files and leads.
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A 10-state coalition is asking a federal court to put a halt to the OCC's rules which pre-empt laws on banks paying interest on mortgage escrow deposits.
August 11 -
Southwest leaders cited Varun Krishna's technology and financial leadership as key factors behind his new appointment to its board of directors.
August 11 -
A record percentage of homeowners renewing their insurance policy saw their fee decrease, up from 7.4% last year, according to Matic's mid-year trends report.
August 11 -
The new Stratmor study sizes up a part of the business that has become an acquisition target and examines what players who use third parties to service want.
August 11 -
The Mortgage Bankers Association says the three-day post-close period is redundant, but consumer groups called it vital for borrowers and required by law.
August 11








