CoreLogic Data Shows 1.8 Million Homes in 13 Western US States at Severe Risk of Wildfire

Posted October 26, 2016 / No comments

—California has the most homes at risk and the highest reconstruction cost value— According to new data released today by CoreLogic ® , 1.8 million single-family homes across 13 states in the western U.S. are currently designated as Extreme or High risk of wildfire damage, representing a combined total reconstruction cost value (RCV) of almost

Read More

How the Fed could pull a November surprise

Posted October 26, 2016 / No comments

The Fed meeting next week is widely expected to be a snoozer, but there is a way the Fed could wake up markets….(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Source: Mortgage News Daily

Read More

MBA: Mortgage applications reverse course, drop

Posted October 26, 2016 / No comments

While it’s not a significant decline, mortgage applications still reversed course and dropped in the latest mortgage application survey from the Mortgage Bankers Association. However, it’s not like the last report’s increase was any greater. Source: Housing Wire

Read More

More Wells Fargo fallout: Feds to look into sales practices at other Wall Street banks

Posted October 25, 2016 / No comments

Federal regulators are preparing to conduct reviews of the nation’s biggest banks, aiming to root out any of the aggressive cross-selling practices that led to Wells Fargo being fined $185 million for more than 5,000 of the bank’s former employees opening more than 2 million fake accounts to get sales bonuses. Source: Housing Wire

Read More

Why we should quit wasting money on consumer education

Posted October 25, 2016 / No comments

In the first part of September, the CFPB collected $100 million from Wells Fargo after it was revealed that the bank’s employees had opened 2 million fake accounts that customers didn’t know about. By law, the CFPB has only two ways to spend that money: compensating victims harmed by financial institutions and educating consumers. If

Read More

RE/MAX getting into the mortgage business; launches Motto Mortgage

Posted October 25, 2016 / No comments

While most of the biggest names in mortgage lending are focused on the Mortgage Bankers Association’s annual conference, taking place right now in Boston, one of the biggest names in real estate revealed that it is getting into the mortgage business. On Tuesday, RE/MAX announced that it is launching Motto Mortgage, a mortgage brokerage franchise

Read More

Dollar Reaches Highest Since March as Fed Rate-Hike Wagers Climb

Posted October 25, 2016 / No comments

Dollar Reaches Highest Since March as Fed Rate-Hike Wagers Climb Bloomberg The dollar rose to a seven-month high as traders ratcheted up bets on a Federal Reserve interest-rate increase by year-end. The greenback appreciated against its major counterparts for the fourth straight day and extended its October gains. The … and more »…(read more) Forward this

Read More

Cordray remarks/CFPB report on financial innovation and Project Catalyst include warning on limiting consumer access to financial data

Posted October 25, 2016 / No comments

Scott M. Pearson In a new report, the CFPB discusses its approach to FinTech and financial innovation, its Project Catalyst initiative, and marketplace developments the CFPB views as potentially beneficial for consumers.  The report, entitled “Project Catalyst report: Promoting consumer-friendly innovation-Innovation Insights,” was released in conjunction with remarks given by Director Cordray at Money 20/20,

Read More
Translate »
Click here for our NMLS Consumer Access page.