WealthSpring Mortgage, Minneapolis, has announced the introduction of Rightfee, a new guaranteed closing cost system.WealthSpring president Michael Warner said the system offers a guaranteed closing fee (excluding variable prepaid costs such as taxes and insurance) along with a "competitive interest rate guarantee." He said Rightfee is modeled on the Guaranteed Mortgage Package Agreement that has been proposed by the Department of Housing and Urban Development as part of a rule that would reform regulations under the Real Estate Settlement Procedures Act. The company can be found online at http://www.wealthspringmortgage.com.
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According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.
6h ago -
Leaders of ORNL Federal Credit Union are piloting Zest AI's new artificial intelligence-powered assistant to ensure equitable underwriting practices and measure performance against similar institutions.
8h ago -
McCargo stabilized the agency at a crucial time as she helped navigate it through both a pandemic and subsequent dramatic interest-rate cycle change.
9h ago -
The quasi-public entity's plan to buy certain closed-end seconds would constitute "unnecessary government encroachment," the Structured Finance Association said.
11h ago -
The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
11h ago -
The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
April 18