Origination

Using stimulus checks and money saved from lower spending were each cited by just under one-quarter of those looking to buy in the next 12 months, a Redfin survey found.

The firm enters the flourishing investment space backed by the industry’s biggest player and offers consumers multiple paths toward homeownership.

But the company was able to increase the share of its top line that came from recurring income streams while minimizing the impact of more volatile transactional-based ones.

But the current lack of movement is likely only a temporary reprieve, according to Freddie Mac.

If approved, the new loan would unlock $120 million in badly needed funds for the sprawling Bronx multifamily complex.

Competing against similarly sized lenders in the channel was like battling in the octagon, said founder Jamie Thornton.

Productivity, retention, referrals, and efficiency are key business objectives for the year ahead according to lenders surveyed by Total Expert.

But refinances came in 50% below levels from a year ago, with rate-and-term activity falling by over 40% in the third quarter of last year, according to TransUnion.

While low interest rates and low existing-home supply are behind much of the growth, the single-family rental market is also fueling demand.

Rohit Chopra, the director of the Consumer Financial Protection Bureau, has cautioned banks, credit unions and fintechs about fair-lending violations that may stem from reliance on artificial intelligence. His comments threaten to discourage financial firms from using the technology to crunch nontraditional data about borrowers, experts say.