Wells Fargo online is now offering home equity credit decision-making in real time.Unlike some online or telephone services that take days to process a response, this new service will enable consumers to receive an answer within seconds of submitting a loan application, according to the San Francisco-based Wells Fargo. "People usually have big plans for their loan, such as education, home improvement, or debt consolidation," said Colin Walsh, vice president of U.S. Equity at Wells Fargo. "We want to help our customers reach their goals as quickly as possible."
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National Mortgage News spoke with Shant Banosian of Rate, Mark Cohen of Cohen Financial and Amanda Sessa of SWBC on how they stand out in their markets.
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The partnership was designed to support the growth of Redwood's Sequoia platform and give Castlelake purchasing power for fully documented loans.
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Home affordability declined on a monthly basis across loan types and racial demographics, but improved from a year ago, the Mortgage Bankers Association said.
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A federal judge harshly criticized the settlement of a civil suit between the Department of Justice and a Texas land developer.
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The latest study from LodeStar found the ratio of average closing cost to home sales price in several states, led by Delaware, well above the national average.
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The benchmark 10-year Treasury yield topped 4.4% on April 29 — its highest level since late March — as investor anxiety mounted.
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