Housing Wire
FEBRUARY 9, 2023
Northpointe Bank , a regional bank headquartered in Michigan, will walk away from its correspondent lending business to focus on its retail lending, mortgage warehouse financing division and specialty loan servicing business. Production declined 25% to $5.49 billion in 2022 from the previous year’s volume of $7.29
Housing Wire
DECEMBER 11, 2020
Yet borrowers have had limited agency in the lending process to date. FormFree, the ATP fintech led by HousingWire Tech Trendsetter Brent Chandler , is launching a blockchain-based exchange for consumers to take control of the lending process. The smart contract presents the borrower’s lending request to the exchange.
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Housing Wire
MAY 13, 2024
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.
Housing Wire
DECEMBER 16, 2021
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.
Housing Wire
JUNE 13, 2023
A decline of the index, benchmarked to 100 in March 2012, indicates that lending standards are tightening while an increase suggests loosening credit. With this decline in availability, the MCAI is now at its lowest level since January 2013.” The monthly Mortgage Credit Availability Index fell by 3.1%
Appraisal Today
DECEMBER 8, 2023
In Sacramento, Invitation Homes went on a rampage in 2012 and 2013, and purchased more steadily in subsequent years. ”… Question 2: does the lending industry owe the appraiser a living? Next is, “Does the real estate mortgage lending industry owe the real estate appraiser a living?” percent from 7.37
Appraisal Today
DECEMBER 15, 2023
fair lending laws has been on regulators’ radar in recent years. 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. The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.67
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