This mortgage industry news summary speaks to a recent case of fraud within the sector. Private lenders will be interested to learn that four former employees of Lower were sued for misappropriation of funds - resulting in a financial loss of $4 million. Stay informed and seek expert advice on best practices for mortgage-security.
The American Bank of Oklahoma has recently reached a settlement with the Department of Justice after allegations of discriminatory redlining practices in the majority Black and Hispanic populated areas of Tulsa. Discover which areas of the city were affected and what steps the bank is taking to restore investment in these underserved communities.
Better saw strong growth in Q2 of 2020 with another increase in origination volume. With $900 million funded across 2,421 loans, lending activity was up compared to Q1 where $800 million across 2,347 loans was funded. Learn more about how the private lending industry has experienced growth.
Single-family rental growth slows in June - Rent prices increased by 3.3% across the US, the smallest year-over-year change since Autumn 2020. Get the latest news on the US rental market from a Private Lender expert.
Learn about the various strategies to foster a more equitable environment in the mortgage industry.
Your Private Lender Clients Need to Know: How to Resolve Loan Document Mistakes with Corrective Addendums - Learn what corrective addendums are used for and how they help to legally protect and resolve loan document mistakes. Get the advice you need to protect your clients.
recently called for greater oversight of private lenders to protect consumers. This news summary explains the potential implications and risks associated with the potential merger for private lenders.
Mortgage applications have declined for five weeks in a row, as the 30-year fixed-rate mortgage climbs to a 20-year high of 7.31%. Keep up to date with the latest mortgage news by staying informed on the changing market, so you can make smart investing decisions.
For mortgage industry news, this meta description will bring private lenders the latest information: Positive mortgage trends are on the rise! Black Knight reports a decline in delinquency and foreclosure rates, indicating strong performance in the mortgage industry. Get up-to-date data on mortgage performance from an industry expert.
Understanding the depth of discrimination and the landmark ruling, Union Home Mortgage was recently denied sex discrimination claims made by a former employee who alleged she was fired while pregnant. An examination of the discrimination in the mortgage industry and the implications of the ruling.
