hits $1 billion mortgage mark for refinancing. factors including product offerings, customer satisfaction and qualification requirements were considered.
Some mortgage originators may be tempted to rely on title search as an alternative source of the required lien and judgment data, but title reports are a poor substitute for the information currently found in consumer credit reports.
To be sure, the loans remain a poor choice for some, and at Consumer Reports we believe more reforms are needed. But some experts say that for certain homeowners, with the new regulations in place.