by Ryan Smith11 Apr 2018 Bank of America has become the latest big lender to announce the launch of a digital mortgage platform. The bank’s Digital Mortgage Experience will allow clients to apply for a mortgage through the mobile banking app or online at the Bank of America website. Many aspects of the customer’s mortgage …
Category: Uncategorized
Facebook accused of enabling discriminatory housing ads
by Bloomberg27 Mar 2018 Most Read Trump cancels FHA fee cutSoon after being sworn in as president, Donald Trump undid one of Barack Obama’s last-minute policy actions: an FHA mortgage-fee cut Fed announces rate hike decisionThe Fed’s governing board, meeting for the last time under Chair Janet Yellen, announced its rate decision today Facebook Inc. …
UBS to pay $230 million over sales of shoddy mortgage bonds
by Ryan Smith22 Mar 2018 Most Read The Many Ways to Be Relieved of Your Timeshare ObligationsWhile it is true that a timeshare contract is a binding legal document, it is often mistakenly thought that such a contract cannot only be cancelled. In fact, most timeshare companies maintain that their contracts are non – cancellable. …
Wells Fargo under federal investigation – report
by Ryan Smith21 Mar 2018 Most Read The Many Ways to Be Relieved of Your Timeshare ObligationsWhile it is true that a timeshare contract is a binding legal document, it is often mistakenly thought that such a contract cannot only be cancelled. In fact, most timeshare companies maintain that their contracts are non – cancellable. …
Trump’s Financial Deregulation Might Be Bad News for Banks After All
WASHINGTON—Bank stocks have surged since the election on hopes that President-elect Donald Trump will roll back financial rules. But deregulation, for the biggest institutions at least, might come with a catch: tougher limits on borrowing. Some influential voices in Mr. Trump’s world insist banks should, as a quid pro quo for rolling back some regulations, …
Trump considering former U.S. Attorney Debra Wong Yang as SEC chief
WASHINGTON — The job of being Wall Street’s top cop might once again go to a former prosecutor. Debra Wong Yang, a former Los Angeles U.S. attorney with close ties to New Jersey Gov. Chris Christie, is under consideration for nomination as chairman of the Securities and Exchange Commission, according to an official working with …
Wells Fargo fined $1 million by Finra over client reports
The Financial Industry Regulatory Authority Inc. has fined Wells Fargo $1 million for failing to have in place reasonable supervisory systems to monitor advisers’ creation of consolidated reports for clients. The Finra fine and settlement disclosed Monday cited Wells Fargo Advisors, which is now known as Wells Fargo Clearing Services, and Wells Fargo Advisors Financial …