Reverse mortgage borrowers can receive funds in one of three ways — a lump sum, monthly payments or a line of credit — or a combination thereof. The amount a homeowner can borrow depends on their home ...

SALT LAKE CITY, July 14, 2025 /PRNewswire/ -- Lender Toolkit, the leader in mortgage automation technology and creator of the industry's only fully integrated Mortgage Efficiency Cooperative, today ...

On July 1, the CFPB terminated two separate consent orders, one involving a federal credit union and the other involving a ...

An industry insider gives an inside look at the Loan Estimate, or LE, the mortgage shopper's secret weapon when comparing lender offers.

The amount needed to pay at closing will vary by state. See how much you can expect to pay.

Typically, 2% to 6% of the loan amount goes to home equity loan closing costs. Explore how to negotiate and minimize loan fees in our comprehensive guide.

The closing disclosure also lists the loan costs and summarizes the whole transaction, and it's crucial that you review it before closing your loan. Compare the information in your closing ...

The Rocket Mortgage letter stated, "While we sincerely apologize if Mr. Bunnell felt the verbiage on the Closing Disclosure was ambiguous, we do not agree with his assertions that he was promised ...

Mortgage origination is the process through which the lender approves and creates your loan. Steps in the mortgage ...

So some lenders have expressed concern that the timing for providing the closing disclosures might create an inconvenience for some consumers who are particularly eager to close on their mortgage.

The Closing Disclosure gives the final terms and costs of a mortgage as you near the financing finish line.

CNBC Select explains how to apply for a mortgage, from preparing financially and getting preapproval to undergoing the underwriting process and finally closing.