Fairway, accused of redlining in Alabama, agrees to settle for $1.9M by Flávia Furlan Nunes for HousingWire

HousingWireHousingWire Fairway Independent Mortgage Corp. has agreed to settle with the Consumer Financial Protection Bureau (CFPB) and the U.S Department of Justice (DOJ) over the regulators’ allegations of mortgage lending discrimination in majority-Black neighborhoods of the Birmingham, Alabama, metro area. The agreement, which was submitted for court approval, requires the…

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MISMO working group targets January for new reverse mortgage standards by Chris Clow for HousingWire

HousingWireHousingWire The Mortgage Industry Standards Maintenance Organization (MISMO) is targeting January 2025 as the release window for reverse mortgage standards from its work group that is analyzing and developing the standards, according to a statement released Tuesday by Mortgage Cadence. “Interestingly, traditional forward mortgage lenders are beginning to take notice…

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Tomo CEO Greg Schwartz talks market conditions, AI-driven loan production solutions by Kennedy Edgerton for HousingWire

HousingWireHousingWire In the newest episode of the PowerHouse podcast, HousingWire CEO Clayton Collins sits down with Greg Schwartz, CEO of Tomo, to discuss market recovery indicators and Tomo’s recent investments in artificial intelligence (AI). Schwartz also shares his approach to building a mortgage company alongside tips on work-life balance, market…

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