Fourteen mortgage banks and two mortgage-related firms were issued enforcement orders by the Federal Reserve Board and the Office of Thrift Supervision to audit their policies and practices on mortgage loans and…
Tag: mortgage lenders
As ARM Home Loans Get Popular Again, Take Caution
If you’re changing your mind and considering getting an adjustable rate mortgage because of the lower rates of ARM home loans, think again. Only when you’re sure you’ve covered the risks that…
MetLife Home Loans – Second Most Popular in J.D. Power Customer Satisfaction Survey
Consider MetLife Home Loans when checking out mortgage lenders for your home purchase loan. The firm, a division of MetLife Bank, ranked second in the 2010 Mortgage Origination Customer Satisfaction Survey. It…
Three Kinds of Notices Sent by Mortgage Lenders to Home Loan Applicants
Under new rules, there are now three main kinds of disclosure notices mortgage lenders send to home loan applicants. These are the: Credit Score Disclosure Notice Risk-Based Pricing Notice Adverse Action Notice…
Biggest Lenders Require Higher FICO Scores for FHA Loans
The country’s two biggest mortgage lenders have raised their standards for Federal Housing Administration loans. Weeks after the FHA increased its minimum FICO score requirement for its low down payment loans to…
Top Mortgage Lenders in Customer Satisfaction
If you’re planning to get a loan to buy a home, consider choosing from the mortgage lenders and servicers chosen by 4,516 homeowners interviewed by J.D. Power in its primary mortgage service…
Is Your Bank One of the 905 Mortgage Lenders Suspended by HUD?
Are you planning to apply for a home loan? Check if your bank is one of the more than one thousand banks that received notices of suspension, reprimand, probation, fines and other…