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LendArch hires Karthik Kumar, TCS’s former head of mortgage

Housing Wire

Mortgage consulting firm LendArch has hired Karthik Kumar, the former global mortgage practice head at Tata Consultancy Services (TCS). Kumar was a manager at Standard Chartered Bank from 2002 to 2004. LendArch has a consulting arm to develop a plan for clients, for example, to reduce costs and improve their underwriting.

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How home-price growth has damaged the housing market

Housing Wire

This data line lags the current housing market as it’s a few months old. Imagine if mortgage rates didn’t rise this year. We are still showing double-digit home-price growth trends in the recent data as it takes time for higher mortgage rates to really increase supply back to normal levels. The 20-City Composite posted a 21.2%

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Regions Bank places $1B bet on home renovation market

Housing Wire

The Salt Lake City-based lender says it’s worked with over 1 million homeowners since its founding in 2002 and funded $11.6 EnerBank says it works with 10,000 contractors and develops personalized loan programs for their clients. The post Regions Bank places $1B bet on home renovation market appeared first on HousingWire.

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Are existing home sales showing a housing bubble?

Housing Wire

COVID didn’t get the housing market, but it did pull a fast one on those pesky bears. For the casual observers of the market, it may seem intuitive that with all the economic chaos we suffered during the first half of 2020, the housing market would take a drastic hit – from which it would be difficult to recover. Look, I get it.

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[PULSE] Black lives, Black families and Black homeownership matter

Housing Wire

The most abhorrent racist practices, such as redlining, are officially prohibited, yet bias creeps into mortgage lending in myriad ways. And now, thanks to these reforms, we live in an era of far greater mortgage banking controls and stability. This makes it more important than ever to consider how the U.S. It’s a serious challenge.

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New home sales are at risk with rising mortgage rates ?

Housing Wire

We finally got mortgage rates to rise, and for people like me who have been concerned about how unhealthy the housing market was last year — and it got a lot worse this year — it’s a blessing that was much needed. million line in the sand has been this: Home prices grow above that 23% level: check Mortgage rates spike higher: check.

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Dave Stevens on understanding this housing market

Housing Wire

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. So when I talk to loan originators today, I harken back to my early days when fixed mortgage rates were over 14% and there were absolutely no refinances to be had. The housing market won’t be like this forever.