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Southern residents often pay more for mortgages, credit access: CFPB

Housing Wire

report, the data focuses on banking and credit access, and mortgage lending in particular, for both rural and non-rural areas of the region. There are also auto lending challenges for Southern residents, as the region has higher delinquency rates related to auto loan borrowers when compared to rural borrowers in other regions. “In

Mortgage 340
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An inside look at the latest trends in housing regulation and policy, featuring the 2022 Vanguard Honoree, Armando Falcon

Housing Wire

This is the result of several forces: the Fed’s anti-inflation policy; the rapid deceleration in lending that’s resulted in a 40% drop in applications; the rising cost of mortgage production, which has now broken the $10,000 per loan threshold; and the continued drive towards digitization in mortgage lending.

Lending 360
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Stronger than expected job growth raises specter of more Fed hikes

Housing Wire

HousingWire recently spoke with Jon Irvine, Chief Production Officer at Change Lending, about how brokers can gain a new competitive advantage in the current tight market. How can brokers get ahead in a tight market? Presented by: Change Wholesale.

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The obstacles to a digital mortgage are changing – Here’s what lenders need to know

Housing Wire

banking, shopping, transportation). We have been working closely with Ginnie Mae on this program and are very excited that as of June 20 the program began accepting new applications from eIssuers, eCustodians, and subservicers, opening up the government market to eNotes. There was not yet a program for securitizing government loans.

Mortgage 395
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New Year, New You: Transforming Your Appraisal Career in 2023

McKissock

There are appraisal jobs available in the lending sector, such as staff appraisers, review appraisers, fee panel managers, and with experience and time on the job, chief appraiser and valuation compliance officer jobs can be found. Non-lending appraisal courses. Who staffs these types of jobs?

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How To Appraise Rural Properties

Appraisal Today

In previous downturns, such as during the 2008 recession, there were many foreclosures due to bad lending. Why today’s slowdown is very different from previous downturns – CovidThe crazy ups and downs in lending in a short period of time had never happened before. This kept appraisers busy. I worked for an assessor’s office then.

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The surprising future of mortgage technology

Housing Wire

Purveyors of very complex financial instruments, sold to risk-averse investors under the careful oversight of government regulators, have given us a process that must conform to investor and regulatory compliance requirements. Lending technology out of focus. We have fared much better on the automation side. That’s changing.