California Commissioner of Financial Institutions Walter J. Mix III has announced the implementation of a process to enable consumers to detect and report suspicious financial institution websites.The Department of Financial Institutions added procedures and a report format to its website that will permit the public to identify and report any site that may be falsely representing itself as a licensed California financial institution. The department is concerned that some may use the anonymity of the Internet to defraud consumers. The DFI's Internet address is http://www.dfi.ca.gov.
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National Mortgage News spoke with Shant Banosian of Rate, Mark Cohen of Cohen Financial and Amanda Sessa of SWBC on how they stand out in their markets.
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The partnership was designed to support the growth of Redwood's Sequoia platform and give Castlelake purchasing power for fully documented loans.
April 30 -
Home affordability declined on a monthly basis across loan types and racial demographics, but improved from a year ago, the Mortgage Bankers Association said.
April 30 -
A federal judge harshly criticized the settlement of a civil suit between the Department of Justice and a Texas land developer.
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The latest study from LodeStar found the ratio of average closing cost to home sales price in several states, led by Delaware, well above the national average.
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The benchmark 10-year Treasury yield topped 4.4% on April 29 — its highest level since late March — as investor anxiety mounted.
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