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mortgage lending

Mar 26, 2019

Suit filed against Robert, Kevin Morgan; what may happen next

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 damages, claiming Morgan and his management company were “unjustly enriched” because of “malicious, intentional, fraudulen[...]

Sep 12, 2015

Credit unions ramping up mortgage lending

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 the first quarter of 2015, still a small portion, but a big jump from 7 […]

May 13, 2013

Title Track: Proposed regulations affect mortgage lending

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 and following recession. Borrowers, taking advantage of lower lending standards, withdrew equity from their homes […]

Oct 17, 2012

Bank of America, others say housing has ‘begun to turn’

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 country’s second-biggest bank, reported Wednesday that mortgage originations jumped over a year ago — up […]

Apr 10, 2012

Feds propose new rules for mortgage lending

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 in the wake of the 2008 financial crisis. The Consumer Financial Protection Bureau’s proposed rules […]

Jun 24, 2010

Empire Justice: Lending cut in low-income areas

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.

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