The Consumer Financial Protection Bureau (CFPB) is seeking to vacate its $105,000 settlement of redlining charges against nonbank mortgage lender and broker Townstone Financial Inc. The settlement followed a protracted litigation that began in 2020 under the first...
Tomo Mortgage, a Stamford, Connecticut-based digital lender, has closed its $20 million Series B financing round, bringing its total investment to date to $130 million. According to the company, new investor Progressive Insurance was joined by existing investors...
Houston-headquartered Cornerstone Capital Bank has debuted a Community Lending Division with the goal of expanding homeownership opportunities for underserved communities across the nation. The new division will be based in Arlington, Texas, and the bank stated it...
A total of 1.67 million mortgages were secured by residential property (1 to 4 units) during the third quarter, according to a data report from ATTOM. This marked 1.9% increases on both a quarterly and annual measurement. Lenders issued $553.1 billion worth of...
The luxury real estate firm The Agency has teamed with the mortgage service provider Barrett Financial Group to create a new mortgage brokerage called Aclara Lending. The new entity will focus on residential purchase lending by offering a range of mortgage products –...
Small Mortgages Fall Below 3% of Originations, Exposing Rural Lending Gap
