Equity Prime Mortgage has named David Abrahamson chief risk officer, bringing the veteran mortgage executive back to the company to oversee credit and compliance functions.The appointment puts a mortgage professional with roughly four decades of industry experience...
The Consumer Financial Protection Bureau is seeking industry and public input on major mortgage disclosure requirements, opening a review that could eventually affect TRID compliance, refinance rescission and reverse-mortgage disclosures.The request for information...
Fair Isaac Corp., the company behind the FICO credit score, is eliminating approximately 15% of positions across the company as part of a restructuring that will reduce management layers and integrate artificial intelligence into product development. The workforce...
Mortgage rates moved closer to 8% Tuesday, adding another layer of pressure to a lending industry already confronting weaker borrower demand, thinner margins and a sharp fall slowdown in housing activity.HousingWire Data reported an average 30-year conforming rate of...
Jonathan Rose Companies has acquired La Posada Apartments, a 150-unit mixed-income community in Santa Cruz, California, for $85 million, pairing the acquisition with a long-term extension of federal affordability protections. The property at 609 Frederick Street...
South Carolina Tornado Destroys Home, Severely Damages Three Others
