Tag: Lenders
Unleveling the playing field for small lenders and first-time buyers?
In September of this year, the Trump administration released two housing finance reform plans, one from the U.S. Department of the Treasury addressing...
Lenders are making more money on mortgages than they have since 2012
It’s looking like 2019 is going to end up being a really good year for the mortgage business in more ways than one. Not only is the...
Amid lower rates, lenders say homeowners are jumping to refinance
Michael Bower's team at The Mortgage Company in Allentown, Pa., is busy making calls and blasting emails to spread the word: It's a...
Live Well Financial CEO Michael Hild accused of orchestrating $140 million fraud scheme that...
After Live Well Financial unexpectedly imploded in May, many questioned how the seemingly successful forward and reverse mortgage lender could have fallen so...
A virtual assistant for lenders’ employees
David Karandish, the CEO and co-founder of the artificial intelligence chatbot startup Jane.ai, has rebranded the company and taken it in a different...
Fitch: No clear LIBOR transition for U.S. lenders | 2019-08-20
The London Interbank Offered Rate is set to expire at the end of this 2021, and U.S. lenders are still unclear on what...
Snapdocs’ eClosing platform caters to both lenders and settlement companies | 2019-08-01
Lenders are hyper-focused on digitizing their mortgage application process, but that’s only half the battle — much of the opportunity for efficiency gains...
Solex eClosing helped lenders close over 19,000 mortgages electronically since inception | 2019-08-01
As lenders aim to close loans faster, reduce costs and deliver a seamless borrower experience, implementing a comprehensive eClose platform is an increasing...
Lenders dread prospect of Fannie, Freddie losing CFPB exemption
Mortgage lenders are fearful that the bottom will fall out of the housing market if the Consumer Financial Protection Bureau’s proposal to revise...
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GSEs Appoint Common Securitization Solutions Head
Fannie Mae and Freddie Mac have jointly announced the appointment of Anthony N. Renzi as CEO of Common Securitization Solutions, LLC (CSS), effective...
Boomers likely to gridlock the housing market in 2020
U.S. home sales probably will fall next year as Baby Boomers gridlock the housing market by aging in place, according to a forecast...
Why LeBron James’s Akron philanthropy is taking on supportive housing
When LeBron James tells his life story, he doesn’t always mention fourth grade in Akron, Ohio. During that time, he and...
FHA reverse mortgage limit set to rise in 2020
Just as it did with forward mortgages, the Federal Housing Administration is increasing its maximum claim amount for reverse mortgages for 2020. According to...
