Origination

But since every customer’s case is different, it is hard to quantify how large a boost borrowers might get by not having this information on file.

The company founded by former Zillow executives added jumbo loans in January and hinted at additional product offerings in the near future.

Production costs reached a high as secondary-market loan sale margins continued to decline.

The company is currently listing houses at prices that are 17% higher than it acquired them for.

The class action complaint comes after U.S. senators called on regulators to investigate the bank’s alleged treatment of minority homeowners.

Leaders with the top-ranked lenders discuss strategies for keeping their employees engaged as the industry adjusts to rapid changes.

The move away from the scandal-plagued London interbank offered rate is going smoothly, according to a new survey of lenders and corporate borrowers. But many customers still face operational challenges ahead of a mid-2023 deadline for switching older loans.

Shrinking inventory of homes for sale and higher demand motivated by rising mortgage rates spurred buyers into action, the company found.

In an update to an exam manual, the Consumer Financial Protection Bureau says racial or other bias associated with a wide range of financial products — not just credit — is illegal and subject to CFPB enforcement actions.

The Soquel, California mortgage broker will retain its current branding for the time being.