When the economy began to close down a year ago, the mortgage industry faced questions about how the pandemic would affect lending. But as interest rates continued to drop in 2020, lenders soon found that consumers looking to refinance their homes would keep the industry busy.
In a little-known civil action, the Consumer Financial Protection Bureau is investigating the real estate affiliate of Quicken Loans for allegedly illegal kickbacks.
Boston-based Santander US will close its offices and branches at noon on Friday to recognize Juneteenth, a national commemoration of the end of slavery in the United States.
When mortgage lenders began preparing for the spring 2019 season, many did not expect the activity they would end up seeing.
Will Zillow take over the world? No. But recent experience shows it doesn’t pay to underestimate a large, tech-savvy company intent on disruption. The rise of Quicken Loans, through its Rocket Mortgage all-digital mortgage product, offers a stark example.
While online real estate giant Zillow’s foray into mortgage lending might seem scary initially, it is unlikely to have too much of a detrimental impact on local, more personalized lenders, those same lenders say.
