Can you really spot a scam or do you just think you can?

A recent report from Bankrate has unveiled a confluence of factors contributing to Seniority Tax: a stagnant housing market has diminished mortgage demand, prompting lenders to seek alternative revenue through mortgage refinancing. Older Americans represent a particularly appealing demographic for refinancing, as they constitute the majority of homeowners and possess unprecedented levels of equity that…

“Before approving another project, the commonwealth must stop and take a hard look at where this is leading,” said Republican state Senator Glen Sturtevant.  “That is why I have called on Governor Abigail Spanberger to immediately issue an Executive Order establishing a moratorium on data center approvals throughout Virginia.”  Bloomberg News Virgina will hold its primary…

Coventry Building Society has reduced mortgage rates across its residential and buy-to-let (BTL) products. This has included cuts of up to 0.15% across residential mortgages and up to 0.08% for BTL.  There is a two-year fixed deal at 90% loan to value (LTV) with a £999 fee and £500 cashback for first-time buyers, now…

Verification, HELOC, Non-QM Broker Products; RESPA Thoughts; Redwood Trust 2x Production Does innovation in lending always means building something new? MISMO’s President Brian Vieaux challenges that familiar assumption, instead, he argues that some of the industry’s greatest opportunities lie in eliminating outdated processes that add friction without adding value. Read why the future…

Among the largest U.S. banks, Citigroup is expected to show the greatest improvement by one important measure. But it still has a long way to go to reach its own performance target.