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Ready or not, CRA modernization is at the door

Housing Wire

Doing so would result in 32% of examined lenders receiving a “Needs to Improve” score, compared to the 16% earning that mark for their retail performance from 2017 to 2019, bank regulators estimated. The post Ready or not, CRA modernization is at the door appeared first on HousingWire. Doing those two things is difficult.”.

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Modern House Flipping Software: 8 Innovative Tools You Need

Listing Spark

of US home sales in 2017, that number grew to 8.4% Consider the following three ways that modern house-flipping software can help both beginner and experienced flippers. Start by looking for these eight types of modern house-flipping software. While house flips represented just 5.7%

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Park National Bank to pay $9M to settle redlining allegations

Housing Wire

When banks fail to provide equal access to lending services in neighborhoods of color, they engage in modern day redlining and exacerbate the racial wealth gap in our country,” Kristen Clarke, assistant attorney general of the Justice Department’s civil rights division, said in a statement.

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A loan officer’s ultimate guide to appraisal modernization

Housing Wire

However, a year after the GSEs announced new appraisal modernization solutions, as they’re more widely adopted, questions arise. A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. The original appraisal waiver solutions were launched in August 2017.

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The Post-COVID shift: What Amazon and Zillow can’t do

Housing Wire

The digital shift era in mortgage began in 2017, but COVID exponentially escalated the speed at which digital applications were introduced and adopted. By utilizing automation and digital tools, modern mortgage lenders are freed up to deliver the most value to their customers. The COVID shift. COVID killed cash.

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CFPB ponders how well HMDA captures discrimination

Housing Wire

In a virtual seminar Thursday on “modern-day redlining,” attorneys from Garris Horn, LLP , said the CFPB’s current definition of the practice is better termed “marketing discrimination.”. The agency further refined the HMDA rule in 2017. Since HMDA was introduced, regulators’ definition of redlining has evolved.

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Orchard raises $69M in Revolution-led Series C

Housing Wire

Existing backers FirstMark , Navitas , Accomplice and Juxtapose also participated in the financing, which exactly doubles the New York-based startup’s total equity raised since its September 2017 inception to $138 million. It’s doing that, he claims, by a “more modern approach to search using photos as a search modality.”