Bank of America will pay a penalty smaller than the average down payment on a Fannie Mae-backed mortgage, after one of its mortgage loan officers allegedly violated the Fair Housing Act.
Download this white paper to learn more about how implementing Mortgage Coach enabled Fulton to ultimately provide a better experience for its borrowers
While brokers have taken note of UWM suing America’s MoneyLine for sending loans to Rocket and Fairway (remember UWM’s policy plainly stated last March), this week I head to Florida, which retirees humorously refer to as “God’s waiting room.” The state has its share of expected hot markets for 2022 per Zillow, as does the rest of the Sunbelt. Apparently, people in the northern climes are weary of the yearly weather cycle, and, as usual, expect to establish residences to the south. Throughout our lives we go through many cycles. And who says we’re not in a cyclical business? Remember in the not-too-distant-past when lenders were pricing rates to “shut off the volume spigot” due to low rates? Last week U.S. Treasury prices fell with the 10-year yield briefly topping 1.93 percent, jumping from about 1.5 percent at the start of the year, and the 2-year Treasury is up 58 basis points since 1/1, as the Federal Reserve has signaled a more aggressive fight against inflation. Even home ownership goes through cycles, although that is pretty steady now: The U.S. Census Bureau says the nation’s homeownership rate was essentially unchanged through 2021, hovering around 65.5 percent. (Today’s audio version of the commentary is available here and this week’s is sponsored by MCT and its hedge advisory division, pairing industry leading experience with award-winning technology to assist you in locking, coverage, best execution, and reporting. Today’s features an interview with Peter MacGillis, SVP of Operations at Universal Component Lender Services, or UCLS, on how the company offers lenders more control over their servicing.)
The Mudflaps perform at Kutztown Park Aug. 7 berksmontnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from berksmontnews.com Daily Mail and Mail on Sunday newspapers.
Highly popular local indie-rock band Frog Holler returns to Kutztown Park July 17 berksmontnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from berksmontnews.com Daily Mail and Mail on Sunday newspapers.
The Fabulous Greaseband performs at Kutztown Park July 24 berksmontnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from berksmontnews.com Daily Mail and Mail on Sunday newspapers.
The Cramer Brothers Band performs July 10 at Kutztown Park berksmontnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from berksmontnews.com Daily Mail and Mail on Sunday newspapers.
Flamin' Dick & The Hot Rods returns for free concert at Kutztown Park berksmontnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from berksmontnews.com Daily Mail and Mail on Sunday newspapers.
Fulton Bank partners with Minority Mortgage Bankers of America americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.
The National Association of Minority Mortgage Bankers of America (NAMMBA) recently announced a partnership with Fulton Bank, a lending sponsor in NAMMBAâs effort to affect positive change with the housing needs of under-served communities and with the development of a more diverse mortgage workforce. âFulton Bank is stepping up their commitment to workplace culture and diversity by partnering with NAMMBA,â said NAMMBA Founder/CEO Tony Thompson, CMB. âBy taking this step, they are broadcasting their intent to create a more diverse and inclusive workplace that reflects the communities they serve.â Through the partnership with the bank and its Fulton Mortgage Company division, NAMMBA will support the bankâs strategy to engage employees via focused training, new-hire programs and leadership development. NAMMBA will partner with Fulton to further support the communities it serves and create economic opportunity that focuses on business development for minority brokers while meeting the housing needs of under-served areas.