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Lenders, reach more buyers with new credit optimization platform

Housing Wire

In a competitive market where most borrowers are mortgage rate shopping, credit optimization can be the difference between closing a loan or losing out to an offer from a competitor. Much has changed in the mortgage market over the five years since our last major product launch.

Buyers 408
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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% The survivors.

Mortgage 424
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Another lender settles redlining accusations with DOJ

Housing Wire

The complaint filed in federal court on Wednesday alleges that from at least 2015 to 2021, Lakeland failed to provide mortgage lending services to Black and Hispanic neighborhoods in Newark. Federal officials said similar banks generated five times as many loan applications from prospective Black and Latino home buyers as Lakeland.

Law 398
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Will Homeownership Bankrupt Americans?

DataMaster

I can’t help but wonder how Americans will fare as they settle into exorbitant mortgages that swallow up significant chunks of their income! in April 2004. As the median price of homes increases, it’s natural to wonder how much an American household can really afford for a mortgage! It depends. Maybe you already do!

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Will Homeownership Bankrupt Americans?

DataMaster

I can’t help but wonder how Americans will fare as they settle into exorbitant mortgages that swallow up significant chunks of their income! in April 2004. As the median price of homes increases, it’s natural to wonder how much an American household can really afford for a mortgage! It depends. Maybe you already do!

article thumbnail

Will Homeownership Bankrupt Americans?

DataMaster

I can’t help but wonder how Americans will fare as they settle into exorbitant mortgages that swallow up significant chunks of their income! in April 2004. As the median price of homes increases, it’s natural to wonder how much an American household can really afford for a mortgage! It depends.