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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.

Sue Your Bank, Mortgage Company Realtor, Trash Out Companies - Learn How for FREE!

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 ...

‘Could you make these guys essential?’: Mortgage industry gets shutdown relief after appeal to senior Treasury officials

After an intense lobbying campaign by the mortgage industry, the Treasury Department this week restarted a program that had been sidelined by the partial government shutdown, allowing hundreds of Internal Revenue Service clerks to collect paychecks as they process forms vital to the lending industry.

The hasty intervention to restore the IRS’s income verification service by drawing on revenue from fees — even as 800,000 federal employees across the country are going without their salaries — has intensified questions about the Trump administration’s un­or­tho­dox efforts to bring certain government functions back online to contain the shutdown’s impacts.

Critics, including many former IRS officials, described the move as an act of favoritism to ease the burden on a powerful industry.

“It seems crazy to me that a powerful bank or lobby gets to bring their people back to do their work,” said Marvin Friedlander, who served as a senior IRS official in the mid-2000s. “How about the normal slob who can’t even pay his rent?

District Court orders mortgage company to pay $260000 in civil money penalties for deceiving veterans about refinance benefits

On December 21, the U.S. District Court for the District of Nevada ordered a non-bank mortgage company to pay $268,869 in redress to consumers and a civil penalty of $260,000 in an action brought by the CFPB for engaging in allegedly deceptive lending practices to veterans about the benefits of refinancing their mortgages. As previously covered by InfoBytes , the CFPB had alleged that, during in-home presentations, the company used flawed “apples to apples” comparisons between the consumers’ mortgages and a Department of Veterans Affairs’ Interest Rate Reduction Refinancing Loan. According to the Bureau, the presentations misrepresented the cost savings of the refinance by (i) inflating the future amount of principal owed under the existing mortgage; (ii) overestimating the future loan’s term, which underestimated the future monthly payments; and (iii) overestimating the total monthly benefit of the loan after the first month. In addition to the monetary penalties, the order prohibits the company from misrepresenting the terms or benefits of mortgage refinancing and requires the company to submit a compliance plan to the Bureau.

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.