Government Finalizes 3 Mortgage Actions
With just two days left in office, the Obama administration is close to bringing three mortgage-related actions to a conclusion.
US Jobs Report Weak as Mortgage Staffing Strong
Although the employment report for all industries was less than stellar, non-bank mortgage employment has expanded for nine consecutive months.
Mortgage Jobs Increase But Likely to Decline
Mortgage employment has expanded for eight consecutive months now, though recent market conditions are likely to lead to contraction.
Mortgage Employment Up Despite Broker Job Drop
The number of non-bank positions in real estate finance expanded despite a month-over-month decline in the number of mortgage broker employees.
Mortgage Broker's Attorney Dozes Off During Trial
A Pennsylvania mortgage broker who was convicted of mortgage fraud this week will get a second chance thanks to his lawyer dozing off during trial.
Wholesalers Expand Programs, Improve Process
Wholesale lenders have recently added subprime and conventional programs. One wholesaler launched an income verification tool, while another added a broker platform.
Mortgage Employment Highest In Nearly Decade
Despite a weak report on the U.S. job market, the number of people working in real estate finance has reached the highest level in nearly 10 years.
Fund Launched to Subsidize Mortgage Broker Startups
A new initiative will provide individual loan originators with $10,000 to help them start up their own new mortgage brokerage firm.
Prison for Mortgage Brokers in Ponzi Scheme
A pair of mortgage brokers from Hawaii are headed to prison after being convicted of operating a $26 million Ponzi scheme.
Solid Expansion in Mortgage Employment
The monthly number of non-bank mortgage jobs grew by nearly 5,000, and a weak report on overall jobs is likely to keep interest rates competitive.