National industry appointments update - 05/09/2006

May 08, 2006

JSSmith Mortgage opens for businessMortgagePress.comNew mortgage companies, JSSmith Mortgage LLC, JSSmith Mortgage LLC, named after founder Jeffrey Smith, has opened for business in Scottsdale, Ariz. The company, which also operates an office in Mesa, Ariz., is hiring an average of five people per month and already employs 22 people. "Our company is being built on a principal of relationship lending. We are small, entrepreneurial and the relationships with our clients and lenders are paramount to our company values," said Smith. JSSmith Mortgage LLC is a mortgage lender based in Scottsdale, Ariz. For more information, call (800) 609-1031 or visit www.jssmithmortgage.com.

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May 08, 2006

Regulation and Compliance

Mortgage Servicers Added To Junk-Fee Naughty List

New release from CFPB lays out areas of improvement, and concern, for mortgage servicers.

The Consumer Financial Protection Bureau (CFPB) today published new supervisory highlights describing the regulator's recent actions to combat junk fees charged by mortgage servicers, as well as other illegal practices. The CFPB has also announced that it is working to addre...

Analysis and Data

Every Dollar A Fraudster Makes, A Financial Firm Loses $4.41

U.S. investment firms and credit lenders see a 9% annual increase in the financial impact of fraud.

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