Two men will spend multiple years in federal prison for a scheme to buy a $1.3 million Virginia home.  A federal judge this week sentenced Herman Estes Jr., of Fieldale, Virginia to 84 months in prison for the wire and tax fraud to purchase the Roanoke County home in March 2023. A co-conspirator, Daniel Heggins […]

The mortgage industry’s comeback after years of economic challenges sputtered, as diminished loan volume and increased production costs made lending unprofitable at nonbanks in the first quarter. Still, the industry managed to narrow losses compared to three months earlier but production ended up in the red again for a second straight quarter, according to the

Freddie Mac wants lenders to pass on the cost savings to consumers from its latest enhancements to its Loan Product Advisor automated underwriting system. The company greenlighted what was described as an on-hold innovation to the system. The upgrades include the launch of a new feature, Freddie Mac Income Calculator. It is designed to help