Originating

Ask The Expert: Why is the Cost of Jumbo Financing So High?

Several loan officers have inquired: Why is the cost of jumbo financing so high at this time? For the past...

Mortgage Honcho in $3B Fraud Scheme Wins Early Release

Lee Farkas, who was chairman and majority owner of the Florida mortgage firm Taylor, Bean and Whitaker, has been granted...

Originating

SEC Drops Charges in Massive Mortgage Fraud Case

Chris Frankie

The SEC has agreed to settle its civil case against upstate New York developer Robert C. Morgan without seeking a fine. So reports Buffalo News.

(more…)

Home-Flipper Opendoor to Go Public Via Blank-Check Company

Originating

Home-Flipper Opendoor to Go Public Via Blank-Check Company

Chris Frankie

Real estate startup Opendoor has confirmed plans to go public through a merger with the Social Capital Hedosophia II, a...

Ask The Expert: Are Many Lenders Losing Buyers Because of High Rates?

Originating

Ask The Expert: Are Many Lenders Losing Buyers Because of High Rates?

Chris Frankie

A Loan Officer based in the South wrote: “Right now, it is a very interesting time at my bank for...

Why Large Mortgage Firms Need to Issue Annual Diversity & Inclusion Reports

Chris Frankie

PricewaterhouseCoopers (PwC) recently announced its first-ever Diversity & Inclusion Transparency Report. And, according to a recent Fortune article, “women and...

Mortgage Scammer Tried to Fake Own Death: FBI

Chris Frankie

A convicted mortgage fraudster allegedly attempted to fake his own death to evade a new round of federal charges, authorities...

Orchard Raises $69M in Bid to Become Real Estate’s Amazon

Chris Frankie

Real estate platform Orchard, founded in 2017 and known as Perch until earlier this year, has announced an additional $69...

Bodnar of MMG: Watching the Fed This Week

Chris Frankie

Bill Bodnar of The Mortgage Market Guide (MMG) said that while inflation is not currently an issue, the Fed’s involvement...

JPMorgan Digs Into Alleged Staff Misuse of COVID-19 Loans

Chris Frankie

JPMorgan Chase is looking into some of its employees’ alleged abuse of federal pandemic relief programs. So reports CNN....

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Ask The Expert: Why is the Cost of Jumbo Financing So High?

Mortgage Honcho in $3B Fraud Scheme Wins Early Release

SEC Drops Charges in Massive Mortgage Fraud Case

Home-Flipper Opendoor to Go Public Via Blank-Check Company

Ask The Expert: Are Many Lenders Losing Buyers Because of High Rates?

Why Large Mortgage Firms Need to Issue Annual Diversity & Inclusion Reports

Mortgage Scammer Tried to Fake Own Death: FBI

Orchard Raises $69M in Bid to Become Real Estate’s Amazon

Bodnar of MMG: Watching the Fed This Week

JPMorgan Digs Into Alleged Staff Misuse of COVID-19 Loans

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