mortgages

A mortgage loan or, simply, mortgage is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged.

(source: en.wikipedia.org)

Experian Enables Consumers to Share Payroll Information for Verification
Experian Enables Consumers to Share Payroll Information for Verification
July 19, 2023  |  Authentication

Experian has expanded its real-time income and employment verification offering. The enhancement enables consumers to provide permissioned access to their payroll accounts and share information...

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Homeowners Turn to HELOCs as Mortgage Rates Rise
Homeowners Turn to HELOCs as Mortgage Rates Rise
July 16, 2023  |  Consumer Finance

 American homeowners are reportedly living in the age of the HELOC. That stands for home equity line of credit, which — as a Saturday (July...

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KeyBank Launches Homebuyer Assistance Program for Underserved Communities
KeyBank Launches Homebuyer Assistance Program for Underserved Communities
July 06, 2023  |  Real Estate

KeyBank has launched a homebuyer assistance program for underserved communities. The new KeyBank Neighbors First Credit program provides credits of up to $5,000 to help homebuyers...

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CFPB Cites ACI Worldwide in $2 Billion ‘Mortgage Fiasco’
CFPB Cites ACI Worldwide in $2 Billion ‘Mortgage Fiasco’
June 27, 2023  |  CFPB

America’s consumer finance regulator has fined ACI Worldwide for processing more than $2 billion in unauthorized mortgage payments. The Consumer Finance Protection Bureau (CFPB) said...

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HFSC Chairman Patrick McHenry Opposes Biden Administration Mortgage Plan
HFSC Chairman Patrick McHenry Opposes Biden Administration Mortgage Plan
June 23, 2023  |  Politics

The chairman of the House Financial Services Committee aims to reverse a Biden Administration mortgage plan. Rep. Patrick McHenry (R-North Carolina) said Friday (June 23)...

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Wells Fargo Reportedly Working with Borrowers as Office Sector Struggles
Wells Fargo Reportedly Working with Borrowers as Office Sector Struggles
May 31, 2023  |  Banking

Wells Fargo reportedly expects to see losses from real estate loans. CEO Charlie Scharf said Wednesday (May 31) at an event that there are significant risks in the...

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CFPB Unearths Junk Fees in Mortgages and Auto Loans
CFPB Unearths Junk Fees in Mortgages and Auto Loans
March 08, 2023  |  CFPB

America’s consumer protection watchdog says an examination has uncovered illegal fees in several industries. The Consumer Financial Protection Bureau (CFPB) announced Wednesday (March 8) that...

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CFPB Warns of Mortgage Platform ‘Double Dealing’ as Rates Climb
CFPB Warns of Mortgage Platform ‘Double Dealing’ as Rates Climb
February 07, 2023  |  CFPB

The Consumer Financial Protection Bureau is warning Americans about “double dealing” by mortgage comparison-shopping platforms. “Companies operating these digital platforms appear to shoppers as if...

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UK SMB Loan and Mortgage Defaults on the Rise
UK SMB Loan and Mortgage Defaults on the Rise
January 20, 2023  |  Economy

The Bank of England (BoE) has reported an increase in small businesses defaulting on loans. In the findings of a survey of lenders in the...

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