In stark contrast to the entire month of March, April’s mortgage rate volatility has been downright boring. To put this in context, the average top tier 30yr fixed rate rose a substantial 0.65% by March 27th. In the first five business days of April, they’ve held inside a range of just 0.04%. Today did nothing […]
Mortgage Rates Little-Changed But Volatility Could Return Quickly Read More »
Retail mortgage lender Rate is welcoming a new president of consumer lending to help the company further expand beyond mortgage. Processing Content Adam Boyd, a veteran financial services executive with more than 25 years of experience building and scaling consumer lending businesses, will head the growth of Rate’s consumer lending platform, the lender said in
Rate looks to scale consumer lending business with new hire Read More »
Washington State regulators are proposing a hefty financial penalty against Newrez after charging the company with numerous mortgage servicing violations in response to an investigation into more than 125 consumer complaints. Processing Content The Washington State Department of Financial Institutions seeks to fine the lender and servicer nearly $4.2 million for repeated violations of consumer
Newrez faces $4.2M penalty for servicing violations Read More »