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Trade groups express concern to FHFA over historic credit data

Housing Wire

The VantageScore dataset that is scheduled to be made available includes information going back to 2013, which is not far enough, the groups assert. FHFA was comfortable approving VantageScore 4.0 for use by the GSEs based on limited historical data,” the letter reads.

Legal 357
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What happens when borrowers have more control of the lending process?

Housing Wire

FormFree Chain is a private, secure provisioned blockchain that is housed in Microsoft Azure Blockchain Service, the cloud provider that has been the home for FormFree’s other systems since 2013. The smart contract presents the borrower’s lending request to the exchange. The ATP is already in the blockchain.”.

Lending 400
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Fairway Mortgage to partner with Milwaukee Brewers

Housing Wire

The company has also increased its volume every year from 2013. Several lenders have major sponsorships with Major League Baseball teams, including LoanDepot’s nearly $10 million a year-contract for naming rights of the Miami Marlins’ stadium, now called LoanDepot Park. The company funded $65.8

Mortgage 286
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Interfirst, the phoenix of mortgage, lays off hundreds

Housing Wire

By July 2013, things were going so well that Godin and his wife purchased a lakefront mansion in Winnetka, Illinois, for nearly $13 million , a record for the posh Chicago suburb. The lender originated $10 billion in mortgages in 2013, $5 billion in 2014, $3 billion in 2015 and just $2 billion in 2016 before shutting down altogether in 2017.

Mortgage 351
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Rise above the panic, for the housing market’s sake

Housing Wire

compared to the week prior and the average contract interest rate for 30-year fixed-rate mortgages with loan balances of $726,200 or less, decreased from 6.48% to 6.45%. An opportunity for commercial real estate investors and developers? When this back and forth was unfolding, mortgage demand rose 2.9% What does this sound like to you?

Retail 350
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Opinion: GSE policy changes are positive for small lenders

Housing Wire

The Community Home Lenders Association (CHLA), which represents small and mid-size independent mortgage bankers (IMBs), applauds these developments, and we just submitted comment letters on equitable housing and housing goals on how to build on this. Broader market considerations also come into play.

Mortgage 358
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UAD and Forms Redesign Update for Appraisers

Appraisal Today

The American Enterprise Institute (AEI) publishes data tracking the mortgage and appraisal production numbers of both Fannie Mae and Freddie Mac (the GSEs) going back to 2013. With the pivot towards new construction gaining steam, development patterns for single-family homes, in particular, should be closely tracked. percent from 7.17