Mortage News

The Brill Building, one of New York City’s most culturally significant commercial properties, was foreclosed upon by Brookfield Properties
NYC’s Brill Building Seized in Foreclosure
The Brill Building, one of New York City’s most culturally significant commercial properties, was foreclosed upon by Brookfield Properties, which held a mezzanine loan on the historic structure.   According to a Crain’s New York report,... Read more
The Federal Housing Finance Agency (FHFA) updated its plans to implement its Single Security and the Common Securitization Platform (CSP) by announcing the Release 2 phase of the process
FHFA Announces Update on CSP Process
The Federal Housing Finance Agency (FHFA) updated its plans to implement its Single Security and the Common Securitization Platform (CSP) by announcing the Release 2 phase of the process will take place during the second quarter of 2019... Read more
The Consumer Financial Protection Bureau (CFPB) charged the credit reporting agency Experian and its subsidiaries for “deceiving consumers”
CFPB Fines Experian $3M Over Deceptive Marketing
The Consumer Financial Protection Bureau (CFPB) charged the credit reporting agency Experian and its subsidiaries for “deceiving consumers” on how to use its credit scores and fined the company $3 million.   The CFPB stated that Experian... Read more
Black Knight Financial Services (BKFS) has announced that it is offering LoanSphere Empower Now!
Black Knight Financial Services Launches LoanSphere Empower Upgrade
Black Knight Financial Services (BKFS) has announced that it is offering LoanSphere Empower Now!, a version of Empower, the company's comprehensive loan origination system (LOS) that will enable regional and mid-market lenders, as well as... Read more
Former 26-year LPGA great Patricia Hurst has joined Bay Equity Home Loans as a loan officer in the company’s Danville, Calif. office
Bay Equity Adds LPGA Great Pat Hurst as LO
Former 26-year LPGA great Patricia Hurst has joined Bay Equity Home Loans as a loan officer in the company’s Danville, Calif. office.   Her success on the toughest courses in the world will serve her well in the world of mortgage lending:... Read more
The Mortgage Collaborative has announced that the 100th lender member joined the organization
The Mortgage Collaborative Adds 100th Lender Member
The Mortgage Collaborative has announced that the 100th lender member joined the organization, a milestone reached following their recent Winter Lender Member Conference in Scottsdale, Ariz. This continues the steady growth that The... Read more
We are redrafting on consumer complaint policy and we’re getting stuck on how to handle the early stages of complaint resolution
Complaint Resolution
Question: We are redrafting on consumer complaint policy and we’re getting stuck on how to handle the early stages of complaint resolution. Can you provide some practical guidance with respect to starting the complaint resolution process... Read more
Churchill Mortgage has introduced its Smarter Mortgage
Churchill Mortgage Launches Debt-Free Homeownership “Smarter Mortgage” Tool
Churchill Mortgage has introduced its Smarter Mortgage, a suite of resources that strengthens mortgage professionals’ efforts to engage borrowers across the country and help them achieve debt-free homeownership. The lender is a leader in... Read more
In a SEC 8-K filing, Ocwen Financial Corporation has announced the company increased the size of the board from eight to nine
Ocwen’s Board Transformation Continues: Appoints Robert Lipstein Independent Board Member
In a SEC 8-K filing, Ocwen Financial Corporation has announced the company increased the size of the board from eight to nine, and has appointed Robert J. Lipstein to the board to serve until the company’s next annual shareholder meeting.... Read more
When living in the world’s financial center capitals, it helps immeasurably to have plenty of money to pay for rental properties
The Most Expensive Financial Center Rent Is …
When living in the world’s financial center capitals, it helps immeasurably to have plenty of money to pay for rental properties. And according to a new survey from RENTCafé, three U.S. financial centers have the world’s highest rents.  ... Read more