A Florida-based mortgage lending firm has filed suit against Robert Morgan, his nephew Kevin Morgan and a limited liability company they created, alleging fraudulent filings with regard to a mortgage-backed apartment community in Watertown. The suit seeks $2.5 million in ...Read More »
Credit unions are increasing their mortgage lending, boosted by growing awareness and demand, increased lending staff, new regulations regarding counseling and highly competitive rates. A report issued by TransUnion indicated credit unions provided 11 percent of U.S. mortgage originations for ...Read More »
Beginning in 2008, the housing market saw a spike in foreclosures and the failure of countless lending institutions. Low lending standards, a rise in subprime lending and subsequent mortgage delinquencies were cited as leading causes of the 2008 financial crisis ...
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NEW YORK — For banks, mortgage-making kept profits humming before the financial crisis, then blackened reputations and stamped out earnings when the crisis hit. Now, the business of mortgage lending is more of a mixed bag. Bank of America, the ...Read More »
WASHINGTON — The federal government proposed new rules on Tuesday that will give homeowners more ways to avoid foreclosure and get an accurate accounting of their monthly mortgage payments. Congress mandated changes in the rules covering the mortgage servicing industry ...Read More »
A report released Wednesday by the Empire Justice Center shows prime mortgage lending decreased between 2006 and 2008, and documents that low-income and minority neighborhoods were hardest hit by the slowdown.Read More »