Promontory MortgagePath to Close
Citing the effects of the current economic environment on the mortgage industry, Connecticut-based mortgage technology company Promontory MortgagePath has decided to shut down.
CFPB Issues Compliance Guidance for Juneteenth Holiday
Whether mortgage lenders should have counted Juneteenth this year as a business day or a federal holiday depends on when the relevant compliance period began for each borrower, the Consumer Financial Protection Bureau said last week.
Consumers See Little Impact from Refinance Fee
With mortgage loan rates remaining at historically low levels last week, the mortgage industry could see the refinance boom continue despite a new fee assessed on lenders.
