The housing bubble and subsequent meltdown wasn't just about
exotic mortgage practices, it was also about a policy mandate to encourage homeownership that got out of hand.
JPMorgan ended up paying billions of dollars to settle accusations of shoddy
mortgage practices at both acquired banks.
Then we include an overview of the federal agencies responsible for oversight
of mortgage practices in America.
Obama says he has a two - part focus — to prevent a repeat of the
lax mortgage practices that led to the housing crisis and ensure that financing remains available to responsible home buyers.
Misunderstanding of
actual mortgage practices may be a contributing factor to why more buyers are not taking advantage of what are still historically low mortgage rates.
The Denver Metro Fair Housing Center has not received reports of discrimination or
uneven mortgage practices locally, executive director Arturo Alvarado said.
Now, as that trend starts to shift and customer satisfaction levels off, it is critical that mortgage servicers continue to balance the demands of this tough marketplace with the needs of their customers,» said Craig Martin, senior director,
mortgage practice at J.D. Power.
Fresh off the announcement that it was going to pay a $ 13 billion settlement over
questionable mortgage practices, JPMorgan Chase made a social media gaffe big enough to make Anthony Weiner blush: With a straight face, it invited the public to ask one of its top executives for career advice.
This opens the door to
fraudulent mortgage practices, as both lender and borrower could exaggerate numbers in order to secure a larger mortgage (which means more money for the lender and more house for the borrower).
On Wednesday, reports surfaced suggesting that the bank, facing several investigations into
its mortgage practices, is seeking a global settlement with U.S. government authorities in multiple jurisdictions.
The Canadian housing market is known for two things: first, that it is the setting for a multitude of HGTV remodeling shows; and second, that it held up extremely well during the Financial Crisis of 2008, as Canadian banks were required to have a bit more rigidity in
their mortgage practices than their friends to the south.
Since the early 1980s, Eisner's main business has been running
the mortgage practice at GFI Mortgage Bankers.
The checks should be the mail for consumers affected by alleged improper auto loan and
mortgage practices at lending giant Wells Fargo.
«Borrowers should tell lenders their goals and ask lenders to explain the merits of each option and advise them on what's right for them,» says Craig Martin, director of
the mortgage practice at J.D. Power.
«This «happy buyer's remorse» is in part due to customers feeling that circumstances out of their control drove them to a particular choice and that options weren't totally clear,» said Craig Martin, director of
the mortgage practice at J.D. Power.
Job Description: We have an opening for an Associate Attorney in our Consumer Debt and
Mortgage Practice.
While many might say «no,» in today's episode of Mortgage Lending Mastery we walk through the exact steps to obtaining written recommendation letters from your clients that can be used to grow
your mortgage practice with both clients and referral partners.
Since 2008, federal regulations were put in place,
mortgage practices — especially but not limited to subprime lending — have been tightened considerably, and home prices came back closer to earth in many markets.
«Serious delinquency rates are difficult to recover from and it's also dependent on each state's
mortgage practices,» continues Frommeyer.