The worst times for mortgage originations may be over as the market appears to be turning, but it’s still an unaffordable environment for younger borrowers in particular, according to a fourth-quarter 2023 lending report from Maxwell. Loan volume between the third and fourth quarters declined by 21%, but that was far less than the 37% […]
The Federal Financial Institutions Examination Council (FFIEC) on Monday issued a statement outlining examination principles related to valuation and appraisal discrimination or bias in residential lending. FFIEC is a federal interagency coalition consisting of the Federal Reserve Board of Governors (FRB), the Federal Deposit Insurance Corp. (FDIC), the National Credit Union Administration (NCUA), the Office […]
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Fifty-five percent of surveyed baby boomers plan to remain in their existing homes as they age, but less than a quarter of those surveyed have
Real estate marketplace Xome appointed Michael Jansta to the position of chief operating officer, the company announced Monday. In his new position, Jansta will oversee
Chicago, Illinois-based mortgage tech firm Gateless announced an integration of its Smart Underwrite solution product with The Work Number – a digital verification solution –
The top-ranked brokerage in the country by transaction sides, eXp Realty, is facing another lawsuit alleging sexual harassment at the firm. The suit was filed
Constellation Software’s Dark Matter Technologies rolled out an automated workflow in the Empower loan origination system (LOS) that makes it easier for lenders to identify
Change is on the horizon. For what felt like a moment in time, buyers enjoyed the luxury of being incredibly picky, carefully selecting what felt
The presiding judge in a lawsuit playing out in the U.S. District Court for the Northern District of Texas between warehouse lender Texas Capital Bank (TCB) and Ginnie Mae is progressing with new, pretrial deadlines that have been set by a magistrate judge, according to court documents reviewed by RMD.
Fifty-five percent of surveyed baby boomers plan to remain in their existing homes as they age, but less than a quarter of those surveyed have any plans to renovate their homes to more safely and easily accommodate natural changes that come with aging. This is according to a new report
Real estate marketplace Xome appointed Michael Jansta to the position of chief operating officer, the company announced Monday. In his new position, Jansta will oversee key aspects of Xome’s operations, including auction, default servicing and quality assurance. He will also join Xome’s executive leadership team, reporting to Mike Rawls, chief
Chicago, Illinois-based mortgage tech firm Gateless announced an integration of its Smart Underwrite solution product with The Work Number – a digital verification solution – from consumer credit reporting agency Equifax. Smart Underwrite allows lenders to digitally analyze and interpret all essential loan data and documentation the moment they are
The top-ranked brokerage in the country by transaction sides, eXp Realty, is facing another lawsuit alleging sexual harassment at the firm. The suit was filed last Tuesday in a Nevada federal court by Reno-based real estate agent Misty Carter. In the complaint, Carter accuses former eXp team leader Chris Nevada
Constellation Software’s Dark Matter Technologies rolled out an automated workflow in the Empower loan origination system (LOS) that makes it easier for lenders to identify and qualify loan applicants who could benefit from evaluation of their positive rent payment history. Developed in partnership with Informative Research – a technology services