The Consumer Financial Protection Bureau (CFPB) this week released a new report finding that mortgage companies often “create obstacles” for homeowners, leading to what it calls a “customer service doom loop” if a death or divorce impacts the original borrower of a mortgage loan. “Many homeowners report that their servicers push them to take on…
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It’s not a commonly used phrase, but “cottage courts” could be an increasingly common reality in a country that continues to need novel solutions to address severe housing shortfalls. Some organizations and local officials see them as a potential path forward for older Americans seeking to age in place. According to a 2022 report from…
Intercontinental Exchange Inc. will spend at least $173 million to locate the headquarters of its mortgage technology division in Jacksonville, Florida. The company and Jacksonville economic development officials announced the expansion on Tuesday. It was confirmed by the City of Jacksonville on LinkedIn the same day. The post explained that ICE is “starting off with…
CreditXpert, a leading mortgage technology company, announced on Wednesday the launch date for its new credit optimization platform. The company will replace its What-if Simulator and Wayfinder tools with the new platform on Dec. 31. CreditXpert seeks to take a different approach when addressing homebuyer credit profiles. Instead of focusing on credit repair, the company…