Fitch: Brexit to bring another tough round of earnings

Remember this year’s rough first-quarter earnings season thanks to historically low interest rates? Well, according to a new report from Fitch, the market might experience it all over again. This time Brexit is to blame. It’s not bad for everyone though. Fitch pinpointed that this group will get hit the worst. ❤️ #share #mortgage

American Modern Insurance Group fined $1M for over-charging on force-placed insurance

The state of Minnesota announced earlier this week that it is fining American Modern Insurance Group $1 million for over-charging Minnesota residents for force-placed insurance. American Modern Insurance Group will also be required to cut its insurance rates by 43% and provide refunds to the affected homeowners. ❤️ #share #mortgage

Groundbreaking ruling? Federal jury finds Emigrant Bank liable for predatory lending

In what the plaintiffs’ attorneys are calling a “first of its kind” decision, a federal jury in Brooklyn ruled this week that Emigrant Savings Bank and Emigrant #mortgage Company engaged in predatory lending by “aggressively marketing toxic #mortgages to Black and Latino homeowners with poor credit” in the run-up to the housing crisis. ❤️ #share #mortgage

FHA announces sweeping changes to non-performing loan sales program

Amidst mounting public pressure to do more to keep struggling homeowners in their homes, the Department of Housing and Urban Development and the Federal Housing Administration announced a series of extensive changes to its non-performing loan sale program. Here are all the details. ❤️ #share #mortgage

Don’t like to drive, renters? The best public transit is in these cities

Fast transportation is the second highest priority renters cite when they are looking to move. Trulia published a list of the top 10 cities for public transportation. Move here, and ditch the automobile all together. Moreover, it’s renter friendly. ❤️ #share #mortgage

The HousingWire Insiders awards are a thing you don’t want to miss

The nominations submitted so far are absolutely the top operators in our space. Hands down. Everyone else, go home, you can’t compete. Unless, you know someone who fits the profile of AWESOMENESS. ❤️ #share #mortgage