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Lenders, reach more buyers with new credit optimization platform

Housing Wire

Here why CreditXpert’s new platform — that combines the best of Wayfinder and the What-if Simulator — can help you reach more buyers and close more loans. HW: CreditXpert has been in the industry since the early 2000s with tools like Wayfinder and What-if Simulator, why introduce a new platform now?

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Another lender settles redlining accusations with DOJ

Housing Wire

The DOJ said that all of Lakeland’s branches were located in majority-white neighborhoods and that its loan officers did not serve the credit needs of Black and Hispanic neighborhoods in and around Newark. Lakeland, a community bank, operates 68 branches in northern New Jersey and in New York’s Hudson Valley.

Law 409
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Opinion: Why we need a mortgage rate reset

Housing Wire

Multiple crops per year: Move-up buyers and refinancing. What if that one loan turned into three to six loans? They went to their bank and get a 30-year fixed rate loan. By 2004, they heard they could refinance, possibly get some cash out. Some went risky with a popular ARM loan and got a 6.5%

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Will Homeownership Bankrupt Americans?

DataMaster

in April 2004. Ask a bank or loan officer, though, and their suggestions are higher, ranging from 28% to 35%. If a consumer has no other debt, the CFPB states that it’s acceptable to loan a qualified buyer that amount for a home! By April 2021, the rate fell to 64.6%. But the range goes even higher!

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Will Homeownership Bankrupt Americans?

DataMaster

in April 2004. Ask a bank or loan officer, though, and their suggestions are higher, ranging from 28% to 35%. If a consumer has no other debt, the CFPB states that it’s acceptable to loan a qualified buyer that amount for a home! By April 2021, the rate fell to 64.6%. But the range goes even higher!

article thumbnail

Will Homeownership Bankrupt Americans?

DataMaster

in April 2004. Ask a bank or loan officer, though, and their suggestions are higher, ranging from 28% to 35%. If a consumer has no other debt, the CFPB states that it’s acceptable to loan a qualified buyer that amount for a home! By April 2021, the rate fell to 64.6%. But the range goes even higher!