June 29, 2024
Mortgage

CFPB proposes $3.95M fine for Freedom Mortgage over false data accusations

The document states that the CFPB and Freedom Mortgage have agreed to enter into the proposal, with the defendant neither denying nor admitting to the allegations in the complaint. A spokesperson for Freedom told HousingWire that the company had no comment. “Freedom Mortgage is a repeat offender that has ignored requirements to submit accurate data

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Mortgage

Will AI replace mortgage jobs? Not exactly, execs say

UWM, the top U.S. mortgage lender in the first quarter of 2024 with $23.4 billion in volume, has developed its technology in-house with “very few partners,” a method it used to “control the product,” Bressler said. Bressler said that UWM gives its technology away for free so brokers can compete against anybody, creating loyalty to

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