Guaranteed Rate, Inc, a home loan company, opened shop in 2000 in Chicago with a single office. Now it is one of the 20 biggest U.S. mortgage lenders, with more than 140 offices. Most of that growth has come in the last two years and Chief Executive Victor Ciardelli said […]
Tag: Mortgage
Consumer watchdog tightens mortgage lending rules on banks
More than five years after the housing market collapsed, the U.S. government’s newly created consumer watchdog said Thursday it will force banks to verify a borrower’s ability to repay loans to ward off the kind of loose lending that helped push the U.S. economy into recession. The Consumer Financial Protection […]
Bank of America, other banks move closer to ending mortgage mess
Bank of America Corp announced more than $14 billion of legal settlements over bad mortgages it sold to investors and flaws in its foreclosure process, taking the bank a step closer to ending the home loan problems that have dogged it for years. About $3 billion of Bank of America’s […]
