Housing Wire
OCTOBER 1, 2022
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.
Housing Wire
JUNE 8, 2022
The firm’s software — which it says streamlines the loan origination process by allowing document sharing and communication between loan officers and real estate agents — helped to close more than 77,000 mortgage applications per month, according to Porch. So it’s like middle-office, later stage workflow.
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Appraisal Today
SEPTEMBER 8, 2023
Appraisers are being told by their AMC clients and loan officers to appraise these as residential properties. Still on the market for the same amount in 2015, the eye-popping property ranked as one of the most viewed homes on Realtor.com®. Moat and Waterfall at This $880K Midcentury Modern Inspired Home in Vermont 4 bedroom, 3.5+
Appraisal Today
OCTOBER 14, 2022
The last one, in September 2015, destroyed nearly 2,000 structures. I can see why loan officers, real estate agents, or buyers might push back on appraisers’ conclusions. At the Bloomhouse, you leave behind the confines of modernity and the rules of logic, to live only in whimsy. To read more, click here.
Housing Wire
MARCH 29, 2022
Senior administration officials claim that rooting out “modern-day redlining” is a top priority. Although half of Memphis’ census tracts are majority-minority, Trustmark did not assign a single mortgage loan officer to any of its branches in those areas, the federal government said. Who watches the watchmen?
Housing Wire
FEBRUARY 7, 2022
As some independent mortgage banks have found out, a modern-day redlining allegation does not need to prove intentionality. Part of its effort to modernize its outdated technology systems, the FHA Catalyst program, hit a snag last year. Those borrowers would otherwise face steep loan-level price adjustments for conventional financing.
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