New York City-based Kenshou Mortgage Intermediary (KMI), a New York-based mortgage company, has been working for nearly a decade to improve the lives of borrowers in the city, particularly the young.It is part of a nationwide movement of mortgage companies which have seen a dramatic rise in loan losses, which have increased by a staggering $300 billion in the last
Read MoreThe big three are still making a living.And not just in the financial sector.For many of them, they're making a career out of it. One80, for example, is the most profitable mortgage intermediary company in the world.That's the same company that has been in the news recently for its alleged efforts to get around the Financial Conduct Authority's rules on mortgage
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WASHINGTON -- President Barack Obama on Thursday called mortgage intermediaries a big problem, and said he will work to make sure they are better educated and trained.Obama made the comments during a visit to the Department of Housing and Urban Development, which oversees the mortgage market, to announce that he would make sure the housing finance industry continues to be
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The mortgage market has been heating up in recent months as banks and other lenders have taken aim at the segment, particularly in the wake of the collapse of the housing bubble.The market is one of the biggest in the country, with a total of 3.6 million mortgage transactions occurring last month, according to the Mortgage Bankers Association.More than half
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