by MC | May 13, 2018 | Mortgage
LendingTree entered into a definitive agreement to acquire Ovation Credit Services, an online credit repair company, for $20.75 million. Ovation’s claim to fame is it proprietary software that smooths the process of credit repair. Up to now, LendingTree has been on...
by MC | May 13, 2018 | Mortgage
The Federal Housing Finance Agency released its Language Access Multi-Year Plan, which outline major obstacles for limited English proficiency borrowers and lays out potential solutions. Here are some of the plan’s key goals for this year and beyond. Source:...
by MC | May 13, 2018 | Mortgage
A federal California judge ordered Wells Fargo to pay its home mortgage consultants and private mortgage bankers a total of $97 million for a violation of labor laws. But the bank says it disagrees with the ruling, claiming it plans to appeal based on the court’s lack...
by MC | May 13, 2018 | Featured, Mortgage
Changes could be on the way for the Department of Housing and Urban Development’s disparate impact rule. The rule, which was enacted by HUD during the Obama administration, is used as a method of enforcing the Fair Housing Act. Now, HUD is planning to invite comment...
by MC | May 13, 2018 | Mortgage
Consumer Financial Protection Bureau Acting Director Mick Mulvaney announced in an email to staff that he plans to reorganize the bureau’s operational structure. And while the CFPB denies the changes represent any practical or even functional change, critics say the...
