mortgages

A mortgage loan or, simply, mortgage is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged.

Source: en.wikipedia.org

Wells Fargo Narrows Focus of Home Lending Business
Wells Fargo Narrows Focus of Home Lending Business
January 11, 2023  |  Banking

Wells Fargo is shrinking and simplifying its home lending business. The business will now focus on bank customers and minority communities, while the bank exits...

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CFPB Levies Record $3.7B Fine on Wells Fargo
CFPB Levies Record $3.7B Fine on Wells Fargo
December 20, 2022  |  Regulation

The CFPB fined Wells Fargo a $3.7 billion fine for its handling of loans and banking programs. The record penalty, announced Tuesday (Dec. 20), exceeds the...

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Digital Lenders Flood UK Mortgage Market as Battle Against Incumbents Grows
Digital Lenders Flood UK Mortgage Market as Battle Against Incumbents Grows
October 06, 2022  |  Digital-First Banking

As U.K. consumers become ever-more open to digital banking, the range of services offered by digital-first banks has been expanding to meet that demand. But...

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Redfin Adds Down Payment Assistance Information to Home Listings
Redfin Adds Down Payment Assistance Information to Home Listings
October 06, 2022  |  Real Estate

Saying it wants to help make homeownership more affordable, technology-powered real estate company Redfin has added a new feature to the home listings on its...

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FinTech IPO Index Flat as Billtrust Surges on Go-Private Deal
FinTech IPO Index Flat as Billtrust Surges on Go-Private Deal
September 29, 2022  |  IPO

Tech stocks have had a reckoning in the past several days — a rally proved short lived, a blip. But the FinTech IPO Index managed...

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Blockchain-Based Smart Contracts Can Cut Escrow Costs, Prevent Mortgage Fraud
Blockchain-Based Smart Contracts Can Cut Escrow Costs, Prevent Mortgage Fraud
September 28, 2022  |  Blockchain

When talking about crypto’s use in real estate, most people think about buying and selling property with bitcoins or tokenizing and fractionalizing property titles via...

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EMEA Daily: Half a Million People Take Advantage of Mortgage Holiday in First Two Days of Initiative; Tabby Picks up $150M Loan From PFG and Atalaya
EMEA Daily: Half a Million People Take Advantage of Mortgage Holiday in First Two Days...
August 03, 2022  |  emea

In today’s top news from Europe, the Middle East and Africa (EMEA), half a million Polish mortgage holders took advantage of a new government scheme...

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Polish Banks Face Fines if They Inhibit Mortgage Payment Holiday Scheme
Polish Banks Face Fines if They Inhibit Mortgage Payment Holiday Scheme
July 26, 2022  |  Regulation

Polish banks could face fines of up to 10% of their annual turnover if they make it difficult for mortgage holders to take advantage of...

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Home Sales Prices Top $400K in May in Stalled Market With Higher Interest Rates
Home Sales Prices Top $400K in May in Stalled Market With Higher Interest Rates
June 21, 2022  |  Market Conditions

The median price of an existing U.S. home jumped 14.8% year over year in May to a record-setting $407,600, even as higher mortgage interest rates...

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