A Texas-based mortgage lender has agreed to replace its namesake chief executive and pay $4.5m to settle North Carolina allegations the company pushed home buyers into mortgages they couldn’t afford.
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There are numerous sources for graphs, charts, surveys, calculations and a seemingly infinite number of people and organizations with a stake in the housing market, so it’s difficult to cut through the noise and hear the melody. But in her debut column, HousingWire Columnist Mary Frances Coleman shows you how.
MDK is strongly encouraging clients to embrace the new normal while preparing for a foreclosure volume increase in the not-too-distant future.