Mortgages

The number of credit-sensitive borrowers who request alterations in their loan terms for income reduction could be a bellwether for loan performance as pandemic-related contingencies are rolled back.

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.

While bullish on the future, CEO Anthony Hsieh noted that the company is “doing the necessary work to ensure our operations appropriately reflect our expectations for the changing market."

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.

They're headed for their sharpest monthly nosedive since March 2020 as the stocks get pummeled by fears of rising rates.

Three housing finance organizations asked for an interactive process similar to that used previously for originations and said they preferred less reliance on life-of-loan indemnification as a remedy.

The Troy, Michigan-based bank is looking for companies already innovating across the various aspects of the home finance business.

The defendants and an attorney convinced homeowners to hand over their properties while the pair filed bogus claims to keep creditors’ foreclosures at bay.

Former principal economist at the Federal Housing Finance Agency Paul Manchester breaks down how the targets have been calculated and discusses the implications for the set determined for 2022 to 2024.

These suburbs offered easy access to both major metros and the outdoors, cozy neighborhoods and affordability, according to Realtor.com.

While the significant drop in suspended payments overall from the pandemic’s peak suggests many have recovered from related hardships, the uptick points to some new distress.

This issuance follows a similarly-sized transaction the bank made in October 2020 and includes several of the same participants.

The co-founder of Arch Capital Solutions reviews the changes made to reporting disclosures on mortgages for condominiums and units located in HOAs that were part of a response to the tragic condo collapse in Surfside, Florida.

The location will support the lender’s direct-to-consumer channel and employ more than 300 people.

The CEO of the Lincoln Family of Companies brand details its expansion strategy, which is unique for the settlement services business.

The borrower sent bogus documents to a settlement company claiming a $111K lien was satisfied to complete a sale.

It was the biggest annual gain since 2013, Attom Data Solutions found.