DPA, HELOC, Non-QM Products; Lender Flood News; What’s Driving Rates?


Posted To: Pipeline Press

Any month that starts on a Sunday contains a Friday the 13th. The superstitious sufferers of “triskaidekaphobia” try to avoid bad luck by keeping away from anything numbered or labelled thirteen, while others, such as some attorneys for whatever reason, believe it to be lucky. But some companies and manufacturers often use another way of numbering or labelling to avoid the number: see if your airplane has a 13th row or your building a 13th floor. (Who says you don’t learn anything from reading this commentary?) Wells Fargo, which has managed to stay out of lawsuit headlines as of late, didn’t have any luck yesterday when California filed support for Oakland in a Wells Fargo mortgage suit for discriminating against, or giving higher cost mortgages to, minorities. Lawyer…(read more)

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