The United States Department of Justice has filed a lawsuit against Quicken Loans for improperly originating and underwriting mortgages insured by the Federal Housing Administration… Read More »Department of Justice Sues Quicken Loans for Faulty FHA Underwriting
A very odd thing is happening over in Europe. Thanks to rock bottom interest rates, some homeowners are actually due interest from their mortgage lenders.… Read More »Mortgage Lenders In Europe Now Owe Their Borrowers Interest
If Green Tree serviced your mortgage from 2010 to 2014, you might be due some compensation for alleged wrongdoings. Today, the Consumer Financial Protection Bureau… Read More »Green Tree to Pay Borrowers $48 Million for Loan Servicing Abuses
While this might sound like another exotic mortgage gone wrong, it’s actually a new program geared toward making the city of Detroit better, not worse.… Read More »Detroit Home Buyers Offered Zero Down Mortgages Up to 150% LTV
Last week, HUD Secretary Julián Castro and NAR President Chris Polychron told a room full of realtors that it was exploring alternative credit scoring models… Read More »Soon Your Mortgage Lender May Pull Your VantageScore
The latest issue of Consumer Reports magazine recommends that consumers avoid mortgage brokers when seeking home loan financing. As a result, the popular publication, which… Read More »Consumer Reports Bashes Mortgage Brokers, Receives Backlash
The real estate market is starting to get really, really weird. Recently, an open house was actually shut down by the police after more than… Read More »An Open House Got Shut Down by the Cops
File this one under PR department. Or perhaps publicity stunt. Last week, First Savings Mortgage Corporation based out of McLean, Virginia launched a 6/1 adjustable-rate… Read More »Mortgage Lender Launches Six-Year ARM
Sure, Fannie and Freddie now allow LTVs as high as 97%, and the FHA only requires 3.5% down, but why stop there? Today, BBVA Compass… Read More »BBVA Compass Launches No Down Payment Mortgage
After only about three years, Discover might be looking to get out of the mortgage business, per a new interview with Discover Financial CEO David… Read More »Discover May Exit the Mortgage Biz
