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Tag Archives: Borrowers

Why Wells Fargo Agreed to Pay a $2B Penalty

On Wednesday, Wells Fargo agreed to pay a fine of more than $2 billion for allegedly misrepresenting the quality of loans used in Residential Mortgage Backed Securities. Here's why the bank agreed to pay this amount in a settlement with the Department of Justice.

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Just How Available Is Mortgage Credit?

Mortgage credit access is expanding, but the data sometimes gives a misleading picture of who’s getting mortgages and from where. Here’s what a report focusing on mortgage denial rates found.

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45,000 Reasons to Have Very Good Credit Scores

credit scoring

Everyone knows that having a high credit score has significant benefits. Click through for the findings of a study that puts real numbers to the test to determine how credit scores impact savings over the life of a loan.

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Mortgage Lending: An Innovative Space

Citizens

Eric J. Schuppenhauer, President of Home Mortgage at Citizens Bank gives his insights into the cyclical nature of the industry, innovation in a higher rate environment, and why it’s important to be passionate about your work. Editor’s Note: This feature originally appeared in the July issue of MReport.

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Making a Case for Disaster Preparedness

How can the mortgage servicing industry work together to be better prepared for when a disaster strikes? The Five Star Institute’s Disaster Preparedness Summit hosted by DIMONT and Five Brothers on Wednesday tried to answer this question. Here are some key takeaways from the event.

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‘Will Help Ensure a Stable U.S. Housing Market’

At a hearing to consider his nomination as President of Ginnie Mae, Michael Bright, told the Senate Banking Committee that he would continue to work on modernizing the agency and ensuring the security of the loans it oversees to ensure better security price and lower rates for borrowers.

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Fintech for Financial Inclusion

Watch this video to learn how the inclusion of transaction account data in credit assessments can broaden financial inclusion, which ultimately benefits both, the mortgage borrower and the lender.

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