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CFPB orders Wells Fargo to pay $3.7 billion amid widespread consumer banking problems

National Mortgage
Mortgage Finance
3 years ago

The Consumer Financial Protection Bureau is ordering Wells Fargo to pay $3.7 billion for violating consumer protection laws — a,.. Read More;

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'Ugly home' buyer files trademark lawsuit over HGTV show

National Mortgage
Mortgage Finance
3 years ago

A trademark dispute between the nation's largest homebuyer and a media giant could get ugly.HomeVestors of America, the firm behind,.. Read More;

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Mortgage apps to buy new homes rise month-to-month

National Mortgage
Mortgage Finance
3 years ago

Lower mortgage rates for much of November brought some purchasers of newly constructed homes back into the market, the Mortgage,.. Read More;

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Bucking a downward trend, Sunflower Bank opens mortgage office in Dallas

National Mortgage
Mortgage Finance
3 years ago

Despite major residential lending headwinds in Texas and around the country, Sunflower Bank is  deepening its Dallas footprint with an,.. Read More;

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Accord Mortgages makes additional cuts on selected resi rates

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The specialist lender says the changes take effect from 8am on 22 December, and include reductions of up to 24bps,.. Read More;

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Own New and Darlington BS to launch 95% LTV mortgage product

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The product, open to first-time buyers (FTBs) and home movers buying new homes, will initially be available in the North,.. Read More;

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Govt extends Mortgage Guarantee Scheme by one year

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The scheme has underwritten £4.4bn in low-deposit home loans since it was launched on 21 April 2021. The government launched the,.. Read More;

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Virgin Money relaxes shared ownership and affordability criteria

Mortgage Finance Gazette
Mortgage Finance
3 years ago

It has increased its maximum loan-to-income limit to 5.5 times for capital and interest applications up to 80% loan to,.. Read More;

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Regulators fine TSB nearly

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The fines break down to £29.75m from the FCA and £18.90m from the PRA after the bank qualified for a,.. Read More;

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Lenders free up cladding rules on flats 5 storeys and higher

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The move means that from 9 January lenders have agreed to grant mortgages when borrowers look to buy, sell, or,.. Read More;

post

CFPB's QM rule under scrutiny after dust-up over bank statement loans

National Mortgage
Mortgage Finance
3 years ago

Bank statement loans are coming under renewed scrutiny due to the Consumer Financial Protection Bureau's guidelines that require mortgage lenders,.. Read More;

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Carrington nearly doubles its servicing portfolio, now at $122.1B

National Mortgage
Mortgage Finance
3 years ago

Carrington Mortgage Services has reported that it bought $62.3 billion in servicing from home loans held by more than 236,000,.. Read More;

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