Average Mortgage Payments Have Risen 90% In 3 Years. This Due To 20-Year High Interest Rates, Skyrocketing Values And Post Pandemic Inflation Real estate experts say average mortgage payments have risen 90% since December 2020. They’re telling potential homeowners to buy now because housing cost will continue to rise. They attribute the increase of costs […]
JPMorgan Client With Dementia Sues The Bank For Stealing $50 Million From Him And Making Him Move In With Relatives A JPMorgan client with dementia has sued America’s biggest bank. The elderly client has accused the bank of pushing high risk investments despite his obvious signs of dementia. As a result, the dementia client is […]
AARP Has Joined The Lawsuit Against Reverse Mortgage Giants CeLink And Reverse Mortgage Funding (RMF) Over Illegal Fees The AARP Foundation has joined a proposed class action lawsuit against Celink and RMF. The two companies are the two prominent players in the reverse mortgage industry. The lawsuit alleges that these companies added unlawful loan servicing […]
CFPB Has Spanked BofA With A $12 Million Penalty For Violating HMDA And Regulation C The CFPB has spanked BofA with another fine. Bank of America signed a consent agreement say the bank violated the Home Mortgage Disclosure Act. HMDA mandates mortgage lenders report specific information about loan applications and originations to federal regulators. The […]
Bank Branch Bloodbath Continues As Wells Fargo Closes 15 Branches And BofA Closes Seven In A Week The bank branch bloodbath continued last week as Wells Fargo And BofA filed to close 24 branches last week. US banks are in an ongoing scramble to eliminate costly brick and mortar banking locations. Wells Fargo plans to […]
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