NAMB And Other Trade Groups Support Amending The FCRA To Ban Credit Bureaus From Selling Trigger Leads The National Association of Mortgage Brokers (NAMB) has announced it support legislation that would ban trigger leads. The NAMB is a trade group that represents the interests of individual mortgage loan originators and small to midsize mortgage businesses. HR […]
Luxury Real Estate Insiders Say 2nd Home Demand Down 50% As Wealthy Investors Pull Back from Investing In Real Estate Luxury real estate insiders say mortgages secured for vacation properties are at their lowest since 2016. Insiders say the second home market is definitely in a recession. Redfin is reporting lock-ins for second-home mortgages are […]
Does UWM Have A Hostile Work Culture? Bloomberg Reports That It Does. However, UWM Disputes The Claims Does UWM have a hostile work culture problem? A scathing story published Wednesday by Bloomberg claims it does. The story depicts United Wholesale Mortgage Holdings Corp.’s workplace culture as hostile. The report is ripe with allegations of sexual […]
FHA Did Not Approve 40-Year Loans For New Home Buyers. The New Rule Only Applies To Modifications Of Existing Loans Greedy mortgage brokers are spreading misinformation on TikTok. This time its about recent a FHA announcement. The FHA announcement regards the increase the mortgage modification term to 40 years. Tik Tok creators are posting videos […]
Elderly New York Woman Loses Her $350,000 Home After Her Neighbor’s Daughter Forged The Deed To Become Legal Owner Of The Property Authorities have accused Aurelia Soogea of stealing the home of an elderly New York woman. Police arrested Soogea on charges of forging a deed to Rosemary Myka’s home. However, Soogea insists woman gave […]
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