Freddie Mac and the Lenders One Mortgage Cooperative recently partnered to help mortgage bankers boost their business in 2016.
Read More »Mortgage Bankers Favor a Sellers’ Market in 2016
Although the rate hike is expected to occur at some point before the end of 2015, mortgage bankers indicate that the real estate market in 2016 will favor sellers.
Read More »Managing the Unintended Consequences of TRID
Commentary is an ongoing series on theMReport.com that focuses on opinions, ideas, and insights from experts across mortgage banking. This advisory piece features Melissa Kozicki, director of compliance for the Mortgage Builder Division of Altisource, discussing the upcoming implementation of the TILA-RESPA Integrated Disclosure rule, and how mortgage bankers must put a plan in place to manage vendor liability and risk within the context of the new rule.
Read More »Quicken Loans Says Supreme Court Decision has No Impact On Company
Quicken has been involved in several lawsuits involving overtime pay for its mortgage workers, including a class-action federal suit brought by 400 former employees that the company won in 2011. In that case, a federal jury ruled that the Quicken employees did not qualify for overtime pay because the federal rules in effect during their time at the company didn't require it, according to the Detroit Free Press.
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