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How One Lender Is Innovating To Make Affordable Housing More Accessible

Change is five years into its mission as a Community Development Financial Institution (CDFI), a mission that has seen Change soar to become the nation’s largest non-QM lender. Change Chief Production Officer Jon Irvine describes how the company plans to navigate the next five years amid higher interest rates, a

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Cyberattack At LoanDepot Brings Systems Down

Top-15 U.S. mortgage lender loanDepot confirmed Monday morning that it is the industry’s latest cyberattack victim. The incident has brought loanDepot’s systems down.  The California-based lender, which originated roughly $17 billion in mortgage loans from January to September 2023, said it has launched an investigation with the support of cybersecurity experts. It

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Opinion: How Regulators Can Reduce Costs And Increase Equity

Recently, new technologies have reduced costs associated with purchasing a home and provided more opportunities for first-time homebuyers to enter the market. To continue fostering innovation across the industry and better serve these homebuyers, regulators must take aim at one of the largest impediments to innovation: monopolies. The formation of

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Fewer Homes Will Take A Price Cut In Spring 2024

Will the number of homes that take a price cut this year drop below 2023 levels? Yes! If the current trends continue into the strong seasonal pricing period, we will see fewer homes that are discounted before selling. I believe this was the most overlooked housing story of the last

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Pennymac TPO Hires Former Citizens Bank Mortgage Executive

California-based Pennymac Financial Services has hired Kristy Dickey, a former executive at Citizens Bank, as first vice president of TPO sales. Dickey will be responsible for growing the lender’s broker division and support its brokers and  non-delegated partners, the firm said. A total of five additional senior account executives joined

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