Breaking News

HECM Reverse Mortgage Changes

October 16, 2017 losborne 0

HECM Reverse Mortgage Changes As of October 2nd 2017, Reverse Mortgage experienced some drastic changes creating fear for many individuals who specialize specifically in Reverse Mortgage. Lenders received a letter from the U.S. Department of […]

Breaking News

Mortgage Rates Soar over 4.1% After Trump Win

November 10, 2016 losborne 1

Mortgage Rates Soar over 4.1% After Trump Win Luke Osborne November 14, 2016   There has been an increase of selling in U.S. Bond markets that has increased mortgage rates up-up-and away. We all knew the market […]

Compliance & Regulations

Mortgage Compliance Overview

June 22, 2016 losborne 0

Mortgage Compliance Overview Luke Osborne November 14, 2016   All “mortgage companies” including banks and non-bank lenders and brokers need to comply with an expanding set of laws that regulate the mortgage industry. The Financial Crimes Enforcement […]

Compliance & Regulations

Outdated CFPB Servicing Technology puts Consumers at Risk

June 22, 2016 losborne 0

Outdated CFPB Servicing Technology puts Consumers at Risk Luke Osborne November 14, 2016   “The mortgage-servicing industry is still struggling to adopt technology that will help them comply with a 2014 Consumer Financial Protection Bureau regulation that placed new […]

Compliance & Regulations

Bank of America Increases Mortgage Banking

June 22, 2016 losborne 0

Bank of America Increase Mortgage Banking Luke Osborne November 14, 2016 Bank of America net income came in at $5 billion, or $0.41 per diluted common share in the third quarter. This is an increase from the […]