FTC files 'junk fee' complaint against payments firm Doxo
National Mortgage News
by Bonnie Sinnock
2h ago
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 ..read more
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Majority of U.S. residents say they've faced housing discrimination
National Mortgage News
by Spencer Lee
2h ago
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 ..read more
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Why LOs could be insulated from noncompete ban's impact
National Mortgage News
by Andrew Martinez
2h ago
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year ..read more
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Top-producer and assistant charged in "large-scale" mortgage scheme
National Mortgage News
by Maria Volkova
3h ago
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties ..read more
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Mortgage rates rise on weak economic news
National Mortgage News
by Brad Finkelstein
6h ago
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 ..read more
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Mortgage bankers post a record annual loss on originations
National Mortgage News
by Brad Finkelstein
6h ago
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 ..read more
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Pending home sales jump in March to hit highest in year
National Mortgage News
by
6h ago
An index of contract signings from the National Association of Realtors climbed 3.4% to 78.2 last month, the highest since February 2023 ..read more
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U.S. economy slows and inflation jumps, damping soft-landing hopes
National Mortgage News
by
9h ago
U.S. economic growth slid to an almost two-year low last quarter while inflation jumped to uncomfortable levels, interrupting a run of strong demand and muted price pressures ..read more
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CFPB offers specifics on servicing fees subject to crackdown
National Mortgage News
by Bonnie Sinnock
1d ago
The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels ..read more
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Which party has the edge on housing? Polls say neither
National Mortgage News
by Spencer Lee
1d ago
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 ..read more
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