A complex-income preapproval does not usually fail because the loan officer cannot add. It fails because one assumption was treated as settled before anyone proved it. The borrower then shops, negotiates or gives notice based on a number that changes when the file reaches a deeper review. That is an avoidable trust problem. The loan […]
Complex Income Preapproval: 5 Questions that Prevent Surprises Read More »
Mortgage applications decreased 1.5% from one week earlier as rates rose above 7%, according to data from the Mortgage Bankers Association (MBA)’s weekly mortgage applications survey for the week ending Sept. 18. The trade group confirmed that last week’s results included an adjustment for the Labor Day holiday. On an unadjusted basis, the index increased
As rates push past 7%, mortgage applications slip again Read More »
Home equity investment products are under more fire as consumers have filed yet another class action lawsuit against one of the space’s biggest players. Processing Content Five plaintiffs sued Unison in a North Carolina federal court last week over the company’s allegedly deceptive agreements. The accusations follow other class action complaints against Unison and its
Consumers fuel HEI scrutiny with yet another class action suit Read More »