UWM filed a lawsuit against America’s MoneyLine, alleging that the high-volume California-based brokerage owes UWM $2.8 million after repeatedly violating the “All-In” Initiative. Read More at https://nationalmortgageprofessional.com/news/uwm-sues-broker-shop-sending-loans-rocket-and-fairway Article by Katie Jensen FEB 07, 2022

The post UWM Sues Broker Shop for Sending Loans to Rocket and Fairway appeared first on Top 10 Mortgage Brokers.

Two NEXA Mortgage Loan Officers Brian Noe NMLS 228140 and Eileen Pruitt NMLS 217979 who are currently being sued by Smart Mortgage Centers in State and Federal court have filed a class action lawsuit against former employer Smart Mortgage Centers. ...

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The post NEXA Mortgage Employees File Class Action Lawsuit against Former Employer. appeared first on Top 10 Mortgage Brokers.

HousingWire, Dec. 16, 2020–James Kleimann In a lawsuit filed last week, Smart Mortgage claimed one of its former loan officers stole a database containing client names and information and brought it with him to a new job at NEXA Mortgage....

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The post NEXA Mortgage Sued over Broker’s Alleged Data Theft appeared first on Top 10 Mortgage Brokers.

As fears about the coronavirus are reaching an all-time high, mortgage rates are reaching record lows. According to Mortgage News Daily, interest rates for standard 30-year fixed mortgages reached 3.33% as of Tuesday, the lowest in about eight years. Rates...

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The post Mortgage Rates Reaching Record Lows Amid Coronavirus Panic appeared first on Top 10 Mortgage Brokers.

Buying a home isn’t always as clear-cut as applying for a mortgage, getting approved, and moving in. In fact, it rarely is. If you have a unique financial situation, getting approved for a traditional Qualified Mortgage (QM) may be challenging....

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The post The Rundown on Non-Qualified Mortgages appeared first on Top 10 Mortgage Brokers.

Caps on loans from Fannie Mae and Freddie Mac, as well as those insured by the Federal Housing Administration (FHA), have been raised in 2020. According to the Federal Housing Finance Agency (FHFA), maximum conforming loan limits on single-family homes...

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The post New Year, New Conforming Loan Limits appeared first on Top 10 Mortgage Brokers.

If you’ve been looking into buying a home, you may have been learning the hard way that having “good” credit is important to lenders. But what do you do if your credit isn’t so great? Read on to learn ways...

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The post How To Get A Mortgage With Bad Credit appeared first on Top 10 Mortgage Brokers.

If you’re a first-time homebuyer, you might feel lost in a sea of mortgage-related jargon. Amortization. Escrow. Origination fees. There are so many terms, it can make your head spin. To help take the stress off, we’ve compiled a list...

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Imagine: you pour all of your energy into applying for a loan, only to find that your mortgage application is rejected. Luckily, this frustrating hiccup can be easily avoided by working with a reputable mortgage broker. But it doesn’t hurt...

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The post What If My Mortgage Application Is Rejected? appeared first on Top 10 Mortgage Brokers.

If you are a U.S. Servicemember, Veteran or eligible beneficiary looking to buy a home, you may be wondering if there are any government programs to help you with your purchase. The U.S. Department of Veterans Affairs indeed offers assistance...

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