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Volume 12 - Number 23

November 7, 2008

New Online Lender Promises No-Frills Approach

With many household names in the mortgage industry being forced out of business, the final quarter of 2008 doesn’t seem like the most auspicious time to launch a new mortgage lending operation. But former executives from Ditech.com are doing just that, based on a no-frills approach that promises lenders the lowest rate available. Based in Scottsdale, AZ, but operating strictly on the Internet...

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Poll

The Consumer Financial Protection Bureau is completing its first six months of operation. Based on the agency’s regulatory pronouncements and announcements to date, how do you think the agency is doing?

It’s doing a good job of balancing consumer protections with regulating the mortgage industry.
It’s too early to tell what kind of job the CFPB is doing.
It’s not needed and should be closed down.

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Housing Pulse

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