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Trident Mortgage slapped with $24.4 million redlining fine

National Mortgage
Mortgage Finance
3 years ago

Trident Mortgage, a now-defunct lender owned by Berkshire Hathaway, has agreed to pay $24.4 million for engaging in redlining and,.. Read More;

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We have a winner-takes-all system: VantageScore CEO Tavares

National Mortgage
Mortgage Finance
3 years ago

His childhood experience as an immigrant to the U.S. helped shape Silvio Tavares’s views on credit scores and financial inclusion. As,.. Read More;

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U.S. new-home sales fall more than forecast to two-year low

National Mortgage
Mortgage Finance
3 years ago

Sales of new U.S. homes fell for the fifth time this year in June to a more than two-year low,,.. Read More;

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Mortgage activity slows, now down 63% from a year ago

National Mortgage
Mortgage Finance
3 years ago

Mortgage volumes dropped for a fourth consecutive week, with the pace of both purchase and refinance originations slowing, the Mortgage,.. Read More;

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Consumer duty rules published by FCA

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The new rules demand the incorporation of a new consumer principle, that asks firms to provide good outcomes for retail,.. Read More;

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eConveyancer launches partnership with Wesleyan Financial Services

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The agreement will provide Wesleyan advisers access to eConveyancer’s panel of more than 70 audited and benchmarked conveyancing firms through,.. Read More;

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Newcastle Building Society posts lower profit and lending in challenging first half

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The mutual reports pre-tax profit down 10.7% to £14.2m in the period to the end of June compared to a,.. Read More;

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How Fannie Mae, Freddie Mac and non-QM digital data use compares

National Mortgage
Mortgage Finance
3 years ago

Alternative data verifications used in non-qualified mortgage underwriting have increasingly been used by government-sponsored enterprises in response to expansive Biden-era,.. Read More;

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Q&A with CFPB Director Rohit Chopra

National Mortgage
Mortgage Finance
3 years ago

What follows is a lightly edited transcript of the interview:I’d like to start with overdraft fees. What illegal practices are,.. Read More;

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CFPBs Chopra: We will be litigating

National Mortgage
Mortgage Finance
3 years ago

Rohit Chopra, the director of the Consumer Financial Protection Bureau, has prodded banks to drop overdraft fees, hit large corporate,.. Read More;

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Democrats revive bill to extend anti-discrimination law to bank customers of color

National Mortgage
Mortgage Finance
3 years ago

WASHINGTON — More than a dozen Senate Democrats revived a push on Tuesday to extend civil rights-style protections for consumers,.. Read More;

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Xactus adds flood services with MassiveCert purchase

National Mortgage
Mortgage Finance
3 years ago

Xactus, which through a series of deals evolved into one of the largest trimerge credit report providers, has moved into,.. Read More;

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