Housing Wire
AUGUST 2, 2021
Banks moved to ease lending standards for most mortgage loan products during the second quarter, according to a loan officer opinion survey published this week by the Federal Reserve Board. Overall, feedback from participants – 75 domestic banks and 22 U.S.
Housing Wire
OCTOBER 11, 2021
The fair housing organization argued that Old National should have “ been especially attuned to the country’s fair lending laws and the need to make loans available in communities of color due to its 2018 purchase of KleinBank.”
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Housing Wire
MAY 26, 2022
While financial institutions are taking note of the increased attention for ARMs, some loan officers said many consumers think the cost to get ARMs is not worth the risk compared to a 30-year mortgage rate. That’s where it would make sense for a 5/1 ARM.
Housing Wire
MAY 3, 2022
” Prospective borrowers can talk to a licensed loan officer if they prefer during the approval process, however. In a traditional home equity product, the lender disburses a lump sum upfront to the borrower, who then pays the loan back in fixed-rate installments.
Housing Wire
JANUARY 24, 2023
Mortgage compliance attorneys interviewed by HousingWire said the program, dubbed “Control Your Price,” raises potential areas of concern across three subjects: rules that govern loan officers’ compensation; fair lending; and unfair, deceptive and abusive acts and practices.
Housing Wire
MARCH 10, 2021
The community lending segment has experienced impressive growth over the last 10 years. From 2010 to 2016, for instance, the top five depositories saw mortgage origination fall from 64% to 25% , a loss of ~$500 billion in originations.
Housing Wire
JUNE 15, 2022
New underwriting guidelines for ARMs make it harder for borrowers to find themselves in foreclosure and regulations cap rate adjustments, which limit percentage increases per period and over the life of the loan. It’s not a bad thing for borrowers, lenders, and loan investors. Not a one-size fits all”.
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