Wells Fargo has launched an improved website for brokers to interface with Wells, giving them the freedom to tap into various resources.For example, the system's online mutual fund center gives brokers the power to tailor investment decisions to their customers' needs with search tools that allow for comparison shopping of over 7,000 funds. In addition, Wells reported that the site can be customized so brokers can view their entire pipeline. Each loan on the site also has a designated Wells Fargo financial adviser that can update the loan information around the clock.
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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.
7h ago