CFPB fines mortgage lender over claims it deceived veterans


The CFPB ordered Village Capital & Investment in Henderson, Nev., to issue refunds and pay a penalty for allegedly misrepresenting the cost savings in a refi product.


Reverse mortgage program remains threat to FHA’s financial health


As the Federal Housing Administration prepares to release its annual actuarial report sometime this month, the industry is questioning how the reverse mortgage program fits into the agency's future.


Former SoFi CEO's startup unveils digital home equity loans


Mike Cagney’s current venture, Figure Technologies, is offering consumers the ability to apply online for home equity loans and get funding in as little as five days.


How to develop relationships with Realtors in a purchase market


To help close deals, there are steps online lenders can take to establish a quick and personal connection with real estate agents.


Where the magic happens


Loan officers whose habits are attuned to the refi market need to improve their relationship game to make it in this business, NBKC Bank's Dan Stevens told attendees at Digital Mortgage 2018.


Wells Fargo to cut over 600 mortgage employees on lower volume


Wells Fargo & Co. is cutting 638 mortgage employees as the nation’s largest home lender contends with a slowdown in the business.


8 insights in the latest HMDA data


From falling originations to market share shifts for nonbanks and government loans, here's a look at key findings from the just-released 2017 Home Mortgage Disclosure Act data.


Fannie Mae testing mortgages refinanced using Airbnb income


Quicken Loans, Citizens Bank and Better Mortgage are refinancing loans using Airbnb income as part of a pilot project with Fannie Mae.


Mortgage refis seen plunging; ‘jackpotting’ ATMs


As interest rates go up, volume expected to drop to its lowest level since 2000; thieves can make cash machines release money “like winning slot machines.”


U.S. cracks down on firms making predatory mortgages to veterans


The U.S. is taking steps to stamp out the practice of servicemembers and veterans being pressured into taking mortgages they don't need, a move that officials say will lower consumer costs and could lead to financial penalties for lenders.