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5 best practices for improving the home equity lending experience

Housing Wire

And that offers an incredible opportunity for banks and non-banks alike to improve their digital channels to better support home equity lending. Home equity line of credit (HELOC) and home equity loan originations increased 50% in 2022 compared to two years earlier, according to the Mortgage Bankers Association ’s Home Equity Lending Study.

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Presenting HousingWire’s 2021 Marketing Leaders

Housing Wire

Planet Home Lending. Supreme Lending. The post Presenting HousingWire’s 2021 Marketing Leaders appeared first on HousingWire. Jim Anderson. Chief Marketing Officer. Finance of America Mortgage. Chief Marketing Officer. Arch Mortgage Insurance. Jim McDonald. Chief Marketing Officer. Joe Manning. John Van Slyke. VP, Growth.

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Opinion: The best way to honor our past is to protect borrowers in the present

Housing Wire

For some, their present lives are troubled, often through no fault of their own. In the early 20th century, Black Americans faced significant barriers to homeownership, including racial segregation, discriminatory lending practices, and exclusionary covenants that prevented them from buying homes in certain neighborhoods.

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Comerica Bank to ‘organically exit’ warehouse lending

Housing Wire

The process of exiting the space, which is expected to be largely complete by year-end, is a “strategic action” to enhance Comerica’s core business focus, according to a bank’s presentation during a Morgan Stanley conference on Tuesday. Inside Mortgage Finance (IMF) first reported on the topic.

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Fannie Mae extends relaxed appraisal, lending standards

Housing Wire

Mortgage giant Fannie Mae extended its relaxed lending and appraisal standards put in place due to COVID-19 into the new year. Presented by: CoreLogic. The relaxed lending standards allowed the GSEs to use “appraisal alternatives to reduce the need for appraisers to inspect the interior of a home for eligible mortgages.”

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FHFA: GSE servicers must keep fair lending data

Housing Wire

In a move the Federal Housing Finance Agency said will bolster sustainability and equity, servicers for federally backed loans will obtain and maintain fair lending data. Presented by: Selene Finance. That development prompted concern from legal experts that the information could be used as a basis for fair lending lawsuits.

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The Real Brokerage to acquire LemonBrew Lending

Housing Wire

Presented by: Acra Lending. The post The Real Brokerage to acquire LemonBrew Lending appeared first on HousingWire. This model may have worked well for the last two years, but it’s time for a different approach. Real, founded in 2014 and led by Tamir Poleg, has a cloud-based platform and serves 44 states, Washington, D.C.

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