UMortgage CEO: "Our veterans deserve better," following the news of recent veteran lending malpractices
Veterans are often exploited by lenders through inflated fees and high interest rates, but alternatives like UMortgage are committed to better practices. [ more ]
reAlpha gets into the mortgage brokerage biz, acquires Be My Neighbor
reAlpha Tech Corp. enhances its services by acquiring mortgage brokerage Be My Neighbor, aiming to develop a comprehensive commission-free homebuying platform. [ more ]
reAlpha gets into the mortgage brokerage biz, acquires Be My Neighbor
reAlpha Tech Corp. enhances its services by acquiring mortgage brokerage Be My Neighbor, aiming to develop a comprehensive commission-free homebuying platform. [ more ]
Rate's reverse mortgage leader on product specialization and growth
Rate's reverse mortgage division is experiencing growth under new leadership, driven by strategic insights into the traditional mortgage market. [ more ]
Rate's reverse mortgage leader on product specialization and growth
Rate's reverse mortgage division is experiencing growth under new leadership, driven by strategic insights into the traditional mortgage market. [ more ]
EPO fees are back. How mortgage lenders can avoid them
EPO penalties pose significant financial challenges for mortgage lenders, affecting commissions and profits, especially for smaller companies. [ more ]
Fulton Bank is assuming deposits and assets of Republic First Bank after its collapse due to failure to raise capital and exit from mortgage lending.
The FDIC estimates the failure of Republic Bank will cost $667 million, with Fulton Bank acquiring $6 billion in assets, including an investment portfolio and loans.
Republic Bank specialized in jumbo mortgage products, but its mortgage production was significantly lower compared to Fulton Bank. [ more ]
EPO fees are back. How mortgage lenders can avoid them
EPO penalties pose significant financial challenges for mortgage lenders, affecting commissions and profits, especially for smaller companies. [ more ]
Fulton Bank is assuming deposits and assets of Republic First Bank after its collapse due to failure to raise capital and exit from mortgage lending.
The FDIC estimates the failure of Republic Bank will cost $667 million, with Fulton Bank acquiring $6 billion in assets, including an investment portfolio and loans.
Republic Bank specialized in jumbo mortgage products, but its mortgage production was significantly lower compared to Fulton Bank. [ more ]
Ascent Developer Solutions launches to serve construction loan needs
Ascent Developer Solutions launched with Elliott Investment Management equity infusion, focusing on customized financing solutions for developers and investors. [ more ]
CFPB, FHFA release updated mortgage originations survey data
The NSMO data provides updated mortgage performance and consumer credit information from 2013 to 2021, highlighting insights into borrower experiences and market perceptions. [ more ]
Mortgage underwriting algorithm at heart of Wells Fargo's racial disparity lawsuit
Plaintiffs claim Enhanced Credit Score discriminated against Black and Latino applicants by sending them to higher-risk classes, leading to higher denial rates. [ more ]
Mortgage underwriting algorithm at heart of Wells Fargo's racial disparity lawsuit
Plaintiffs claim Enhanced Credit Score discriminated against Black and Latino applicants by sending them to higher-risk classes, leading to higher denial rates. [ more ]