Author Archives: Matt Carter

Black Knight expanding services it provides to growing mortgage broker segment

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Cloud-based loan origination system, LoanCatcher, touted as providing the same level of technology employed by nation’s largest lenders. Continue reading →

HUD homes more likely to be in floodplains: Report

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HUD is not required to disclose flood risk to would-be homebuyers, most of whom didn’t learn that the home they were interested in was located in a flood zone until they were told by their lender that they needed to buy flood insurance. Continue reading →

Rising home sales, prices help title insurers post record profits

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Rising home sales and prices helped title insurers post their best second quarter earnings ever, thanks to lower claims and a surge in premiums. Continue reading →

Wells Fargo fined over mortgage loan modification practices

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Wells Fargo has agreed to pay a $250M fine after an investigation by federal banking regulators found fault with its practices for helping homeowners with mortgage problems. Continue reading →

Why Lower.com is about much more than mortgage rates

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There’s a backstory to Lower that explains why the company believes it can position itself as not just a lender, but “Everything for your home, for Lower.” Continue reading →

Fannie and Freddie must submit equitable housing finance plans

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Having put the brakes on the Trump administration’s plans to reprivatize Fannie and Freddie, Democrats have been pushing for the “government sponsored enterprises” to provide more home loans for underserved borrowers. Continue reading →

Unlicensed mortgage broker siphoned off $4.74M in refi proceeds

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An unlicensed mortgage broker faces up to 30 years in prison after pleading guilty to a fraud scheme in which $4.74 million in mortgage refinancing proceeds were allegedly wired to accounts controlled by the perpetrators. Continue reading →