Housing Wire

NOVEMBER 28, 2023

The Consumer Financial Protection Bureau (CFPB) imposed a $12 million penalty on Bank of America (BofA) for violating federal laws by submitting false mortgage lending information for about four years, it announced on Monday. The bank’s conduct violated HMDA, Regulation C and the Consumer Financial Protection Act of 2010, the CFPB states. “It

Law 407

Law Mortgage Loan Officers Lending 407

Housing Wire

MAY 3, 2022

” Prospective borrowers can talk to a licensed loan officer if they prefer during the approval process, however. In a traditional home equity product, the lender disburses a lump sum upfront to the borrower, who then pays the loan back in fixed-rate installments.

Renovations 391

Renovations Loan Officers Technology Mortgage 391

Housing Wire

DECEMBER 11, 2020

A few short months after Shant Banosian became Guaranteed Rate ’s first loan officer to originate $1 billion in a year , another Guaranteed Rate loan officer has joined that exclusive club. I’ve been with Guaranteed Rate since 2010, and when I came on, I was originating about $40 million in business.

Loan Officers 328

Loan Officers Business Mortgage Lending 328

Housing Wire

JANUARY 24, 2023

Mortgage compliance attorneys interviewed by HousingWire said the program, dubbed “Control Your Price,” raises potential areas of concern across three subjects: rules that govern loan officers’ compensation; fair lending; and unfair, deceptive and abusive acts and practices.

Lending 335

Lending Law Legal Training 335

Housing Wire

OCTOBER 7, 2020

Patrick Stone was looking both ways when he took steps to launch Williston Fina ncial Group (WFG) in January 2010. “The market remains underserved in the sense that the mortgage lending market has changed so quickly that everyone is still trying to keep up,” Stone said. To 2021 and beyond.

Insurance 367

Insurance Real Estate Technology Loan Officers 367