Wells Fargo has been ordered by the Consumer Financial Protection Bureau to pay $2 billion in restitution and $1.7 billion in fines. Click through to read the details, as well as the bank’s official statement.
Read More »Nayda McKain Promoted by Cenlar to VP, Human Resources
Former Fannie Mae Chief of Staff is promoted by Cenlar to help drive organizational change, employee engagement, process improvements, and business continuity within the subservicer.
Read More »Moderate-Income Rental Housing a Viable Asset as ESG Investments Grow
With interest among real estate investors in workforce housing and ESG-focused investments on the rise, affordable rental housing demand is surging for moderate-income households as the transition to homeownership becomes unobtainable for many Americans.
Read More »Wells Fargo Dedicates $300,000 to Assist Victims of Hurricane Fiona
A donation from the Wells Fargo Foundation to be dedicated toward disaster relief efforts in Puerto Rico to rebuild the region in the wake of Hurricane Fiona making landfall.
Read More »Opening New Doors Through the Advancement of D&I Initiatives
Five Star’s recent Diversity and Inclusion Symposium tackled the industry’s hot-button D&I topics through an open dialogue and exchange of ideas in D.C.
Read More »AI Decision-Making in the Crosshairs
With the CFPB turning its attention to the use of artificial intelligence within the mortgage process, Dain Ehring of Gate House Digital explains what you need to know.
Read More »Senators Call for Review of Wells Fargo’s Refi Processes
Eleven Senators call upon HUD and CFPB after a report suggested that Black and Hispanic borrowers were less likely to be approved for refis.
Read More »Opening Doors to New Opportunities
The Five Star Institute is gearing up for its Diversity and Inclusion Symposium, set for April 28, a day of engagement, networking, and advancing D&I progress within the housing industry.
Read More »Freddie Mac Adds EVP and General Counsel, New Board Members
The GSE has added Heidi Mason to assume general counsel responsibilities, and has named ex-Ginnie Mae President Kevin Chavers and Luke Hayden to its Board of Directors.
Read More »Last Chance to Register: Taking an Empathetic Approach to Forbearance
On Wednesday, the Five Star Institute presents its webinar focused on how the "human touch" in the forbearance process can promote customer loyalty for life.
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