By Radhika Ojha The risk of mortgage application fraud is rising across the country according to a recent study. Click through to learn which areas are most prone to this risk. The post Study: Wichita has the Highest Mortgage Fraud Risk appeared first on theMReport.com. Via:: Study: Wichita has the Highest Mortgage Fraud Risk       

By Radhika Ojha Though overall denial rates for mortgages still remain among the highest for black borrowers, a study has found that the trend may be changing; and for the better. The post A Silver Lining for Black Borrowers? appeared first on theMReport.com. Via:: A Silver Lining for Black Borrowers?       

By Rachel Williams On Thursday, it was reported that U.S. Sen. Tammy Duckworth (D-Illinois) has placed a blanket hold on all nominations for vacant positions within the U.S. Department of Housing and Urban Development. Sen. Duckworth made this move after not receiving a response within her prescribed deadline to a letter containing more than 25 detailed questions that … The …

By Radhika Ojha In one of the harshest actions taken by a regulator against a Wall Street bank, Wells Fargo will pay CFPB and OCC a billion dollars in fines for overcharging car insurance and mortgage loan consumers. Here’s what this means for the bank. The post Wells Fargo to Pay CFPB, OCC $1 B Fine appeared first on theMReport.com. …

By David Wharton It’s been a busy day for the mortgage and servicing industry. Both Nationstar and Ocwen announced major leadership changes on Thursday, with Nationstar naming its first COO in the form of Tony Ebers and Ocwen announcing that Glen Messina will take over as the company’s President after Ron Faris is set to retire. Ebers will … The …

By Radhika Ojha Mortgage rates followed the increase in Treasury yields rising to their highest so far in 2018. How much will they affect homebuyers? The post Rates Rise after Eight Weeks of Stability appeared first on theMReport.com. Via:: Rates Rise after Eight Weeks of Stability       

By David Wharton Nationstar Mortgage Holdings Inc., headquartered in Coppell, Texas, announced today that Tony Ebers has been appointed COO, a new position within Nationstar. “Tony is a seasoned and trusted leader who consistently delivers results. He is uniquely qualified to drive strategic prioritization and accountability within Nationstar, with a laser-focus on operational excellence,” said Jay Bray, Chairman … The …

By Alison Rich Purchasing a home is unquestionably one of the biggest expenditures most consumers will make in a lifetime. It’s exciting, it’s nerve-wracking, it’s fraught with decisions. And when you finally find the “perfect” space to call your own, it’s also nearly impossible to resist—especially these days with inventory drum-tight, interest rates still hovering near the lowest … The …