House and Senate lawmakers formally filed resolutions on Thursday to repeal the Consumer Financial Protection Bureau's arbitration rule, but there were early signs that enacting them may prove challenging.
When market prices rise faster than comparable home sales values it is imperative for lenders to ensure property valuations are accurate, support the sales price and completed in a timely fashion to keep deals from falling through.
U.S. District Judge André Birotte has dismissed all federal claims against Renovate America and its government bond-issuing partners in three lawsuits that had sought class-action status.
Fannie Mae is increasing the maximum debt-to-income ratio it will allow on purchased loans to 50% from 45% on single-family loans when it rolls out its latest version of Desktop Underwriter on July 29.
U.S. Bank has begun using Einstein, Salesforce’s AI software, to give front-line staff insights into customer activity and recommendations. Other banks are likely to add similar tools.
The marketplace lender's application for an industrial bank charter is under fire from small banks and progressives, who say it could violate the barrier between banking and commerce and shut out middle-class and lower-income consumers.
From the largest banks to the smallest independents, policymakers want to hear the mortgage industry speak with one voice in the critical efforts to reform the government-sponsored enterprises.
A key question for the future of housing finance is whether large and small lenders will both be able to compete, or will a new system favor Wall Street giants?
The Financial Choice Act contains many positive reforms for community banks, but a provision affording benefits for holding loans on balance sheet poses risk for small lenders.
As long as Fannie Mae and Freddie Mac exist, they must have adequate capital so taxpayers will never again be compelled to help them meet their financial obligations.
From automated applications that borrowers can complete on their own, to data-mapping that speeds up the underwriting process, here's a look at strategies that can help lenders close loans faster.
Enterprise America, Inc seeks IT Analyst. Prepare technical documentation on business requirements for upper management. Develop systems for existing clients, new clients and banks. Develop and maintain company's website. Update the website as needed. Prepare e-flyers and other marketing materials for the company. Develop systems to perform e-marketing with existing and new clients. Assist upper management with communications and information flow. Provide recommendations for new systems and planning procedures. Supervise 1 IT Analyst and 1 IT Intern. Requires a Master’s Degree in Information Technology and Management; SQL, Java, SAP ERP, Statistical Analysis System experience and 1 year of related IT experience. A full-time position with an annual salary of $101,566. Resumes can be mailed to 12222 Merit Dr, Ste 1870, Dallas TX 75251 or email to nafis@useai.com
