Posts Categorized: TFS Blog

This was the barrier to 900,000 mortgages

Since the recession, there have been significant barriers to homeownership for thousands of Americans and a new study explores five major issues. The Rosen Consulting Group report estimates that if mortgage availability had been at a more normalized level in 2016, there would have been an additional 900,000 purchase mortgages written. “Ten years after the… Read more »

Phishing scams shoot up after cyber attack on mortgage tech vendor

Digital signature company DocuSign has confirmed that a “malicious third party” has breached its system and gained access to as many as 100 million email addresses. Since the breach, there has been an uptick in phishing emails sent to DocuSign customers, according to the company. DocuSign eSignature software, commonly used by mortgage companies, digitizes the… Read more »

Protecting your home

Home thefts are on the uptick throughout the United States. I ran across this article that has some great tips for defending your home.   By Krystal Rogers-Nelson RISMedia House Calls   Even though a burglary occurs every 20 seconds in the U.S., you can still protect yourself without installing top-dollar security features. Home burglary generally has… Read more »

Mortgage delinquencies among some homeowners just spiked, spelling trouble

A troublesome signal just appeared in the housing market and could put taxpayers at risk. Federal Housing Administration mortgage delinquencies jumped in the fourth quarter for the first time since 2006, the Mortgage Bankers Association reported Wednesday. The FHA insures low down-payment loans and is a favorite among first-time homebuyers. The seasonally adjusted FHA delinquency… Read more »

CFPB orders Prospect Mortgage to pay $3.5 million for improper mortgage referrals

The Consumer Financial Protection Bureau today ordered Prospect Mortgage, a major mortgage lender, to pay a $3.5 million fine for improper mortgage referrals, in what the regulator calls an alleged “kickback” scheme. The lender paid illegal kickbacks for mortgage business referrals. But Prospect Mortgage isn’t the only one being fined. The CFPB also dealt out… Read more »