Lenders file class-action lawsuit against Equifax, citing monopoly in work number product

Mortgage lenders First Financial Lending and Greystone Mortgage filed a class-action-seeking lawsuit this week accusing credit reporting agency Equifax of maintaining a monopoly in the market for electronic income and employment verification (VOIE). The case is tied to a strong increase in the cost
Read MoreMarch reverse mortgage data shows retail outpaced wholesale

Home Equity Conversion Mortgage (HECM) endorsements declined by 4.2% in March, a dynamic primarily driven by an drop in endorsements from the wholesale side of the business even as the retail side saw a month-over-month improvement in originations. This is according to data compiled by Reverse Marke
Read MoreCan you have a “presence” on Instagram without being “present”

“Wait, you mean I don’t have to live on Instagram all day for it to work for me?” Yes. It is entirely possible! In the fast-paced world of social media, maintaining an active presence on platforms like Instagram can be both a blessing and a burden. As Realtors and entrepreneurs, we strive to stay re
Read MoreGinnie Mae eyes year-end for new HMBS product

Ginnie Mae is aiming to roll out plans for its new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product by the end of the year, according to acting president Sam Valverde, who spoke at the National Reverse Mortgage Lenders Association (NRMLA) Eastern Regional Meeting in Washington
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