Seattle-based Washington Mutual has announced that customers in Southern California who are victims of wildfires in federally declared disaster areas are eligible for various disaster relief programs.WaMu said the programs include accelerated home equity loans at reduced rates, flexible mortgage payment schedules, and penalty-free withdrawals from time deposits. The company also said it is donating $250,000 to the American Red Cross Disaster Relief Fund and collecting additional donations for disaster aid at its branch offices. Mortgage customers in affected areas may call a special fire disaster help line at 800-472-1254. The company can be found online at http://www.wamu.com.
-
While home lenders are seeing a decrease in issues coming through mobile channels, phone fraud spiked last year, accounting for 28% of losses, a new report found.
25m ago -
The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
April 24 -
The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
April 24 -
Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
April 24 -
A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
April 24 -
The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
April 24