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
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. ...
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....
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...
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....
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...
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...
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...
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...
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...
