Prosecutors say Alex Ashod Dadourian, a licensed mortgage loan broker in Southern California, fabricated income and employment verification documents to win approvals for 17 mortgages totaling more than $8 million. Continue reading
The growing marketing platform counts multilocation brands, such as Ace Hardware, Ford Motor Company and Smashburger as clients. Continue reading
Fannie Mae survey shows consumers remain concerned about factors, including the outlook for home price declines, mortgage rates and access to mortgage credit. Continue reading
As mortgage rates continue to retreat from 2022 highs, all eyes will be on Federal Reserve as policymakers conduct their final meeting of the year next week. Continue reading
An $8.5 million seed funding round was led by Conversion Capital, with participation from Fifth Wall, Peter Thiel, QED Investors, Montage Ventures and Village Global. Continue reading
Six out of 10 borrowers who owe more on their mortgages than their homes are worth bought or refinanced their homes in 2022, according to the latest Black Knight Mortgage Monitor. Continue reading
After laying off workers in May, Tomo is in expansion mode again with launches in Maryland, New Jersey, Oregon, Pennsylvania, Virginia and Washington D.C. Continue reading
Subsidiary of First Community Bank of Tennessee has also been recognized for its efforts to reach a diverse population of borrowers. Continue reading
Without adjustment for seasonal factors, demand for both purchase loans and refinancing remains at their lowest levels since 2000, according to an MBA lender survey. Continue reading
The big run-up in home prices may have cooled, but the 2023 conforming loan limit is going up 12 percent to $727,200 in most parts of the country. Continue reading