Attorney basic sues three online lenders that are payday

Attorney basic sues three online lenders that are payday Minnesota Attorney General Lori Swanson filed three lawsuits that are separate week against online payday lenders that made instant short-term loans on the internet to Minnesota residents that grossly surpassed the attention rates permitted under state legislation and otherwise neglected to ply with state certification guidelines […]

Big Banks Leave Black Hole in Correspondent Lending

Big Banks Leave Black Hole in Correspondent Lending The race when it comes to exits is intensifying among big banks that purchase mortgages from correspondent lenders, producing liquidity dilemmas for loan originators and mortgage servicing that is radically reshaping. Citigroup Inc. told correspondent loan providers this that it will no longer purchase “medium or high-risk” […]