Two-thirds of the nearly 2,000 real estate agents that responded to a Campbell Communications and Inside Mortgage Finance survey want mortgage closings in 30 days or less.
The upcoming White House meeting on mortgage and housing issues may not address loan standards at all. Wells confirms plan to hire MSR 'project manager.'
According to the government, Golden First Mortgage Corp. of Great Neck, NY, failed to carry out its duties and responsibilities as a direct endorsement lender, leaving FHA with large losses.
CFPBs crosshairs, the bureau revealed week as it announced enforcement actions against four private mortgage insurers over the industrys use of captive reinsurance arrangements, and fining the companies relatively small amounts. These units have been in runoff mode for several years, as captive re withered after the market collapse. [I]n every kickback situation, there is somebody paying and somebody receiving. It takes two to tango, said CFPB Director of Enforcement Kent Marcus. Today, were dealing with those paying...