Credit Unions Winning Mortgage Talent Race

Credit Unions Winning Mortgage Talent Race
The mortgage market's shift to financing new property purchases has strengthened credit unions' hand when it comes to hiring stronger mortgage loan professionals. “We have seen a very strong turnaround from last year to this year,” said Alissa Sykes, …
Read more on Credit Union Times

Expensive Surprise With Reverse Mortgage
When I applied for a reverse mortgage in May 2013, my home was appraised at $ 252,000. I had a mortgage balance of about $ 142,963. After all of the paperwork was signed, I received $ 9,497. The total amount of the loan was $ 152,460. Within six months …
Read more on Fox Business

Justice Dept. Seeks Mortgage Deal With Bank of America
The Justice Department, building on a multibillion-dollar mortgage settlement with JPMorgan Chase last year, is now aiming for a deal with Bank of America. In a move that raised the stakes for the government's crackdown on banks that sold the troubled …
Read more on New York Times

Squatters occupy house of mortgage fraudster
A Queens man convicted of defrauding distressed homeowners in a mortgage scam is seeing his own Howard Beach home overrun by squatters while he's sitting in the clink. Neighbors of the two-story house worth $ 562,000 on 90th Street say the brazen …
Read more on New York Post

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