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The four depositories with the highest volumes wrote more than sixty million dollars in loans combined in Q2.
September 25 -
As the world reshapes its alliances around the Ukraine war, how will banks work with companies and governments to keep trade and the financial system running?
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The Cincinnati bank's new division will lend to nonbanks that make or bundle together residential mortgage loans, whose businesses have slowed as higher interest rates lower appetite for refinancing. The warehouse sector has seen "fierce competition" among banks lately, one analyst wrote.
September 20 -
The Federal Housing Finance Agency's new office will assess technology solutions for an industry viewed by many as too slow to embrace digital efficiencies.
September 19 -
The option can be efficient but companies have to figure out who will handle the additional property data collection, panelists at the Digital Mortgage Conference said.
September 16 -
The class-action lawsuit was brought on behalf of mortgage borrowers who were allegedly placed into forbearance during the early days of the pandemic without their consent.
September 16 -
Waivers boomed during the pandemic's refi wave and the recent automation of desktop appraisals have provided additional flexibilities, but their applications are limited in the current market.
September 15 -
Consumer use rates may be low in part because they prefer to stick to one method of submitting information needed to apply for a mortgage.
September 15 -
Bipartisan support led to the House of Representatives passing the SECURE Act, but the proposal faces strong opposition from those concerned about privacy and security.
September 15 -
Firms can take advantage of powerful tools from big technology companies but must be wary when sharing large amounts of data or ideas, experts said.
September 15 -
Lenders — all of a sudden — are competing for homebuyers' business, a silver lining in what is becoming a more unaffordable housing market.
September 14 -
The fourth-largest U.S. bank by assets has commissioned an outside law firm to assess its diversity practices. Wells had previously resisted a shareholder proposal that would have authorized a similar review.
September 14 -
AI, ML, predictive analytics and complex algorithms can help lenders expand credit to more consumers, but some critics feel the technology can feed into existing discrimination and bias that applicants face.
September 14 -
All-in-one platforms aim to take multiple tasks out of the hands of borrowers but having a narrow focus and creating strategic technology partnerships are the stronger options.
September 14 -
A couple squatted in their foreclosed home since 2009 and are only now being evicted, highlighting stubborn problems in the foreclosure process.
September 13 -
Lenders are using third-party sources, which provide insights ranging from consumers' credit profile to social media messaging, to supplement information they collect.
September 13 -
By offering financial education through local crisis centers and community groups — and following through with access to credit — many credit unions are building trust with people who had been wary of working with mainstream institutions.
September 12 -
Join three officials from the Federal Housing Finance Agency's recently establish Office of Technology to hear about their goals and initiatives for the department and how their work may impact every day lending activities.
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Younger mortgage tech software developers reveal new efficiencies they're creating for lenders.
September 12 -
The Mortgage Bankers Association forecast comes as bankers continue keeping an eye on their commercial real estate portfolios, including office buildings. The MBA also noted that many companies have long-term leases on their offices, likely making the hit more gradual.
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