Mortgage industry trainer Ron Vainberg, president of Ron Vainberg International, has shared some tips on raising profits in a slow sales environment. So reports TheMReport.
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The Consumer Financial Protection Bureau has unveiled a civil penalty of $140,000 against Mahwah, N.J.-based reverse mortgage lender Nationwide Equities. So reports Reverse Mortgage Daily.
The CFPB claimed that Nationwide Equities sent out “deceptive” advertisements to hundreds of thousands of older borrowers, violating the Mortgage Acts and Practices Advertising Rule, the Truth in Lending Act and the Consumer Financial Protection Act of 2010.
The lender agreed to a consent order, according to the CFPB, “without admitting or denying any of the findings of fact or conclusions of law.”
