According to the CFPB, an examination of financial institutions found "instances of significant non-compliance with" regulatory statutes.
Read More »Mortgage Marvel Stands Behind Fee Quotes with $2,500 Guarantee
Mortgage Marvel, a mortgage-shopping website with headquarters in Mequon, Wisconsin, recently announced a new guarantee for borrowers seeking closing fee quotes. If Mortgage Marvel quotes closing fees that exceed actual the actual fee by more than $50, the company will pay the consumer up to $2,500.
Read More »U.S. Central Bridge Closed
The National Credit Union Administration (NCUA) announced the closing of U.S. Central Bridge Corporate Federal Credit Union (U.S. Central Bridge). The closing comes after three years of efforts to stabilize the corporate credit union sector, the agency stated in a release.
Read More »First-Time Unemployment Claims Tumble
First-time claims for unemployment insurance fell 9,000 to 363,000 for the week ended October 27, the Labor Department reported Thursday. It was the second straight weekly decline and the fourth drop in the last six weeks. The initial claims report has been unusually volatile for the last month, with wide swings in the seasonal adjustment factors used by the Labor Department to "normalize" the data. The seasonal adjustment for next week's report will be "unfavorable," bumping first-time claims higher.
Read More »Ernst’s CEO Speaks Out on Borrower-Related Solutions
The president and CEO of Ernst Publishing Company, a provider of closing cost data for the real estate and home finance industries, is weighing in on critical challenges--and potential solutions--in the current mortgage marketplace. Participating in The Changemaker, a new podcast series, Ernst's leader, Gregory E. Teal, shed light on initiatives and strategies that have the potential to positively impact the future of housing.
Read More »Hammerhouse Expands North Carolina Office, Adds to Staff
Hammerhouse LLC announced it has expanded its Eastern U.S. headquarters and brought on additional staff in order to meet the increased demands of its growing client base.
Read More »Zillow Mortgage Marketplace Now Available on iPad
Mortgage Marketplace is one of Zillow's app suite that features 15 realestate-related mobile apps across all major platforms. The app provides a transparent lending marketplace where borrowers can connect to reputable lenders to find personalized loan options and get a variety of competitive mortgage rates.
Read More »PenFed Foundation on Track to Help Record Number of Military Families
The Pentagon Federal Credit Union Foundation (PenFed Foundation) is on track to give away a record number of grants this year through its Dream Makers program.
Read More »Artists’ Hamptons Abode Back on the Market for $15M
Relisting his pricey pad in the Hamptons, artist Ross Bleckner has put his palatial estate on the market for $15 million. Located in Sagaponack, New York, Bleckner's abode boasts multiple structures, including a main home with an ocean view, a cedar-shingled guest cottage, and an art studio.
Read More »Ernst Publishing Introduces New Good Faith Estimate Calculator
Ernst Publishing Company, based in Albany, New York, has just released a new real estate closing cost data search engine called Smart Query II. Having provided closing cost data to the industry for 20 years, Ernst updated its offering to include additional data and provide information faster than before.
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