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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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Hit them where it hurts! If you've been fooled, lied to and abused by your bank and mortgage company, then it's time to strike back. The ...

US Bank unveils digital mortgage experience | 2019-05-16

According to the bank, the “enhanced” experience includes “simple, smart and secure digital applications” that can be self-completed by the borrower or with the help of a U.S. bank mortgage professional.

Either way, U.S. Bank claims that its digital mortgage process is “capable of generating loan approval recommendations within minutes.”

Additionally, the bank claims that it is the first lender to go to market with “technology which can validate both income and assets and evaluate creditworthiness at the time the mortgage application is submitted.”

On the home equity side, U.S. Bank claims that it is the first “large bank” to provide homeowners with the “simplified experience of digitally syncing their home equity application with other trusted third-party sources of digital information such as online tax preparation and payroll platforms.”

Powering all of this is Blend , the digital mortgage software company. U.S. Bank is one of the first to use Blend’s home equity lending solution, which the company rolled out earlier this year .

Mortgage snafu forces Pa. bank to disclose material weakness

Meridian Corp. in Malvern, Pa., disclosed that it originated loans in a neighboring state where it lacked a license.

As a result, the $1 billion-asset parent of Meridian Bank might have breached sales agreements for $98 million in loans dating back to 2012. While the outstanding balances as of March 31 are now lower due to borrower payments, payoffs and refinancing, Meridian did not specify the current balances.

Meridian said in a regulatory filing Thursday that it is licensed, or has an exemption from being licensed, in all other states where it originates mortgages. The company did not disclose the state involved.

The company said it expects to report a material weakness for the first quarter. Meridian, which has not announced first-quarter earnings, said it will do so "as soon as practicable."

Meridian expects to make "immaterial" adjustments to its earnings to reflect costs tied to resolving the issue.

The issues could create other challenges for Meridian, Sandler O'Neill analyst Frank Schiraldi wrote in a note to clients.

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.

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