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30 May: Almost 400 Products Pulled From Shelves Hundreds of mortgage deals have been pulled by lenders over the past week, according to data from Moneyfacts, writes Mark Hooson. Borrowers have fewer residential and buy-to-let mortgages […]
Did Michael Strauss, accused of fraud, just start a new mortgage company?
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Allen Santos
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When industry veteran Michael Strauss abruptly shut down Long Island-based Sprout Mortgage in early July, there was uproar. Shocked employees didn’t receive their last paychecks. There were no severance packages, and even health insurance was […]
Mortgage Application Volume Inches Higher as Rates Find Their Footing
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Mark Paul Cervantes
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A second week of declining interest rates prompted another increase in mortgage activity last week, the third in as many weeks. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of mortgage […]