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Alternative mortgage lenders are changing home buying
http://www.csmonitor.com/Business/Saving-Money/2016/0110/Alternative-mortgage-lenders-are-changing-home-buying
Alternative mortgage lenders are changing home buying If you're looking for a mortgage, there's one less reason to walk into a bank these days. Alternative mortgage lenders — non-bank companies without customer deposits — are transforming the mortgage industry. Their goal: To offer mortgage rate

Big banks retreating from home loan business
http://www.cnbc.com/2016/01/19/big-banks-continue-retreat-from-mortgages.html
Big banks retreating from home loan business Bank of America on Tuesday reported lower mortgage banking income for the fourth quarter, both year over year and compared to its third quarter. A highlight might be that the company generated more income on an annual basis from mortgage banking; 

Another big bank settlement will pay Delawareans
http://www.delawareonline.com/story/news/local/2016/02/05/bank-settlement-hsbc/79895394/
Another big bank settlement will pay Delawareans About 240 Delawareans could get payouts from mortgage firm HSBC and others could see their mortgages restructured because of a new multi-state settlement with the company connected to the 2007 mortgage crisis. Attorney General Matt Denn announced 

UK bad bank scraps plan to sell mortgage process unit
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/12134606/UK-bad-bank-scraps-plan-to-sell-mortgage-process-unit.html
UK bad bank scraps plan to sell mortgage process unit By outsourcing the servicing unit “we significantly reduce the risk of losing our best people, of not understanding the products and of giving poorer service as a consequence.” In contrast with UKAR, Computershare can also run mortgages for other lenders.

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Bridgeview Bank launches bemortgage

“Other mortgage companies focus on their brand first and loan officers second,” Sampson said. “We hope to flip this paradigm by creating a platform for the most respected members of the mortgage community.”

The bemortgage team features several mortgage leaders formerly with Guaranteed Rate, including Joe Caltabiano, senior vice president of mortgage banking; Joe McBreen, senior vice president of mortgage banking; Jeff Baker, senior vice president of mortgage banking; Erik Johansson, senior vice president of mortgage banking; Maggie Mikaitis, vice president of mortgage banking; and Matthew Roder, vice president of mortgage banking.

“I’m looking forward to having the ability to mentor other loan originators and utilize the best practices that I have learned along the way to help them get to the path of success much quicker,” Caltabiano said.

By recruiting and mentoring the industry’s top performers and arming them with best-in-class tools, bemortgage plans to become one of the fastest growing mortgage companies in the industry, the press release said.

Banks aren't following CFPB data-sharing guidance, fintechs say

“While the principles have been publicly embraced, it’s important that they’re also fully implemented behind the scenes,” said Eric Showen, head of partnerships and policy at Plaid, a data aggregator. “A pick-and-choose approach, while tempting for some banks, doesn’t work for consumers.”

But banks disagree, arguing they are following through on the principles.

“We believe we’ve addressed every use case that’s been presented to us for data,” said Stuart Rubinstein, head of data aggregation at Fidelity Investments. “But it’s possible there will be a new use case or one we missed. We’re happy to talk about those.”

One of fintechs’ primary accusations is that banks are selectively choosing fintechs to work with — leaving the rest out in the cold. Though the CFPB data-sharing principles do not spell out that banks should work with everyone equally, the spirit of the document suggests financial institutions should work with all trusted third parties.

Can you sue a bank or mortgage company for running your credit report without a signature?

Can you sue a bank or mortgage company for running your credit report without a signature?


no, they have a legitimate need to know your score, since you are seeking a loan.