Tag:
Mortgage Broker
Latest Headlines
Latest Headlines
Simplified mortgage disclosure coming soon
The new Consumer Financial Protection Bureau will soon award a contract to create improved, simpler mortgage disclosure forms that would spell the ins and outs to consumers in an easy-to-understand fashion, Bloomberg reports.
Elizabeth Warren, who is setting up the bureau, has indicated pr
Big banks crush mortgage brokers
Back in the day, mortgage brokerage operations were hot--a good way for people with the gift of gab to make a great living. It wasn't that hard to make a six figure salary, even more if you could really gab. Mortgage broker became synonymous with fast money, if not a bit sleazy. But the credit cri
Analyst: IndyMac program a bust
The IndyMac bailout was hailed by some, as the template the government would use to bailout other banks stuck with mortgage woes. But after a two-month state moratorium on foreclosures, IndyMac's foreclosures in November rose 242 percent from October.
A new analysis by a former mortgage broker
What really went on in the mortgage industry?
Business Week offers an arresting article on so-called "mortgage wholesalers," whose job was to buy up loan applications from mortgage brokers on behalf of big lenders. The competition got so intense that some resorted to offering you know what (it rhymes with hex; the word may trigger spam fi
