Mortgage Applications Fell

Mortgage Applications Fell By 4.4% Last Week

MBA Says Mortgage Applications Fell By 4.4% Last Week After Weeks Of Several Weeks Of Increases.  The Mortgage Bankers Association says that mortgage applications fell last week to their lowest level in a month. This is after several weeks of increases from various sectors. The MBA’s Weekly Mortgage Applications Survey for the week ended June […]

latino wells fargo employees

Latino Wells Fargo Employees Accuse Bank Of Anti-Latino Bias

Here We Go Again! Latino Wells Fargo Employees Accuse Bank Of Anti-Latino Bias In A Predatory Lending Scheme A group of current and former Latino Wells Fargo employees has filed a federal lawsuit against Wells Fargo. The employees from the company’s bilingual mortgage sales team are alleging race-based discrimination.  The suit alleges:  “Wells Fargo forces […]

Pending Home Sales Fell

Pending Home Sales Fell 2.7% In May

Pending Home Sales Fell 2.7% In May. Will They Continue To Fall? NAR Bullish About Housing. Is There Another Housing Apocalypse Coming? Pending home sales were steady in April like they had been since the beginning of the year. However, pending home sales fell in May. they dropped 2.7%, according to data released Thursday by the National […]

movement mortgage has settled

Movement Mortgage Has Settled With Feds For $24 Million

Movement Movement Has Settled With The Feds For $24 Million Over Allegations Of  Underwriting Fraud On Government Loans Movement Mortgage has settled with the federal government for $23.75 million. The settlement is came after the government accused the lender of underwriting fraud. The government alleged movement improperly originated and underwrote mortgages insured by FHA and […]

loandepot is suing movement

loanDepot Is Suing Movement For Poaching Loan Officers

loanDepot Is Suing Movement Mortgage In Delaware Federal Court For Poaching Loan Officers loanDepot is suing Movement Mortgage In Federal Court. The company is accusing competitor Movement Mortgage of damaging its business by poaching it’s employees. The company alleges Movement Mortgage poached over 25 employees in three months. Thus, loanDepot found itself “effectively crippling” with “now-depleted” branches. […]

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