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Lending (1542)

City National Bank to Pay $31M in Biggest Redlining Settlement

City National Bank to Pay $31M in Biggest Redlining Settlement

Saturday, 14 January 2023
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City National Bank has agreed to pay $31 million, the largest redlining settlement in the Department of Justice’s history, to resolve allegations of discrimination by rejecting mortgages in Black and Latino communities. So reports the Associated Press. Read more...
Owner Financing Sees Resurgence After Rate Spike

Owner Financing Sees Resurgence After Rate Spike

Saturday, 14 January 2023
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More and more homebuyers have been considering owner financing, also called seller financing, following the recent surge in interest rates. So reports Realtor.com. Read more...
30-Year Mortgage Rate Slips to 6.33%

30-Year Mortgage Rate Slips to 6.33%

Saturday, 14 January 2023
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Freddie Mac has announced that the average for the 30-year fixed-rate mortgage fell 15 basis points to 6.33% in the week ending January 12. So reports CNN. Read more...
43% of Homebuyers Who Took Out an ARM Now Regret It

43% of Homebuyers Who Took Out an ARM Now Regret It

Friday, 13 January 2023
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Almost half (43%) of homebuyers who took out an adjustable-rate mortgage (ARM) now say they regret it, according to a recent survey by U.S. News & World Report. So reports Realtor.com. Read more...
Bodnar of MMG: What the December Jobs Report Means for You

Bodnar of MMG: What the December Jobs Report Means for You

Saturday, 07 January 2023
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"The December Jobs report is out and the financial markets like it," says Biil Bodnar of the Mortgage Market Guide (MMG). "Signs point to less Fed going forward." Read more...
Deephaven Mortgage Taps Tyler Bohn to Lead National Accounts

Deephaven Mortgage Taps Tyler Bohn to Lead National Accounts

Saturday, 07 January 2023
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Deephaven Mortgage has hired business development veteran Tyler Bohn as managing director of national accounts. So reports Mortgage Orb. Read more...
Mortgage Rates Projected to Slip in 2023: BankRate

Mortgage Rates Projected to Slip in 2023: BankRate

Saturday, 07 January 2023
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The 30-year fixed-rate mortgage will remain at higher levels in 2023 than in previous years, but it should decline slightly. That’s according to a forecast by BankRate. Read more...
Biden Signs Bill to Streamline VA Home Loan Appraisals

Biden Signs Bill to Streamline VA Home Loan Appraisals

Saturday, 07 January 2023
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President Joe Biden has signed a bill to streamline the appraisal process for Department of Veterans Affairs home loans, after the Senate passed the legislation by unanimous consent. So reports Military.com. Read more...
Regina Lowry, First Woman to Chair MBA, Dead at 68

Regina Lowry, First Woman to Chair MBA, Dead at 68

Saturday, 07 January 2023
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Regina Lowrie, who in 2005 became the first woman to be elected chair of the Mortgage Bankers Association, has died unexpectedly at age 68, according to the organization. Read more...
Deep Integration and API Exposure Will Accelerate Fee Estimate and Closing Cost Processes for LodeStar, ICE Mortgage Users

Deep Integration and API Exposure Will Accelerate Fee Estimate and Closing Cost Processes for LodeStar, ICE Mortgage Users

Saturday, 31 December 2022
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LodeStar Software Solutions, which provides closing fee-related compliance tools for mortgage lenders, says it will leverage ICE Mortgage Technology’s Encompass Partner Connect APIs to deliver a smoother TRID, closing estimate and Loan Estimate (LE) process. Read more...

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