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A community lenders group is pressing for more competition in GSE credit scoring and reporting, and a new report backs the push, quantifying recent price hikes and warning that more are coming. Processing ContentCredit metric costs have gone from a range of $150 to $250 for a conventional loan in April...
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Mortgage rates have increased for five consecutive weeks, sidelining potential buyers in the middle of the spring homebuying season.Processing ContentThe 30-year fixed-rate mortgage hit 6.46% this week, an eight-basis-point jump from last week's 6.38% and the highest mark since early September, according to the Freddie Mac Primary Mortgage Market Survey....
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An Illinois lender and its father-son executive team must pay some of their former loan officers over a million dollars in damages for wage claims, a federal judge has ruled.Processing ContentA jury last year found Smart Mortgage Centers owner and president Richard Birk liable for federal wage claims against five...
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