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Insurers under fire for using credit scores to set rates

National Mortgage
Mortgage Finance
3 months ago

Credit-based insurance scores are used to help adequately risk-based price homeowners insurance, so lower risk consumers are not subsidizing higher,.. Read More;

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Loandepot's Q2 loss narrows sharply on home equity push

National Mortgage
Mortgage Finance
3 months ago

Loandepot cut its quarterly loss to a fraction of what it was three months ago, as a pivot into home,.. Read More;

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FOA reverse volume up 21% as home equity demand expands

National Mortgage
Mortgage Finance
3 months ago

Finance of America grew its reverse mortgage business significantly in the second quarter, despite posting a $29 million loss during,.. Read More;

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Proprietary reverse loans overtake HECMs for 54% market share

National Mortgage
Mortgage Finance
3 months ago

The government-backed Home Equity Conversion Mortgage is seeing proprietary products noticeably eat into its share of the reverse lending market,,.. Read More;

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Angel Oak repositions capital for careful non-QM competition

National Mortgage
Mortgage Finance
3 months ago

Angel Oak Mortgage REIT reported that it is improving its capital position and financial results with moves aimed at putting,.. Read More;

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Feds lose bid to terminate Lakeland Bank's Biden-era redlining deal

National Mortgage
Mortgage Finance
3 months ago

The government has lost another bid to prematurely end a multimillion dollar redlining consent order against a bank.Processing ContentThe Trump,.. Read More;

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Home prices pick up in 80% of US metro areas, led by Northeast

National Mortgage
Mortgage Finance
3 months ago

Prices of existing homes rose in 80% of US metropolitan areas in the second quarter, as home values pick up,.. Read More;

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Happy Civic Holiday - Integrated Mortgage Planners

Dave The Mortgage Broker
Mortgage Finance
3 months ago

I took the long weekend off, so there won’t be a new post this week. I’ll be back next Monday,.. Read More;

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MeridianLink acquisition helps lenders recapture denied leads

National Mortgage
Mortgage Finance
3 months ago

MeridianLink is acquiring a financial wellness platform, marking the start of accelerated technology investment by the company.Processing ContentThe loan-origination software,.. Read More;

post

FHA partial claim test incentives may miss small servicer costs

National Mortgage
Mortgage Finance
3 months ago

Initial reaction to the FHA's proposed test of a partial claim alternative: worth trying, but not every servicer will want,.. Read More;

post

Zions closes Basis buy, expanding agency multifamily

National Mortgage
Mortgage Finance
3 months ago

Zions Bancorporation has completed its purchase of the agency multifamily lending platform owned by Basis Multifamily Finance I, including staff,.. Read More;

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Better replaces Vishal Garg, taps hedge fund boss as CEO

National Mortgage
Mortgage Finance
3 months ago

Vishal Garg will no longer lead Better, the company has announced. Processing ContentThe founder and former CEO was replaced Monday, days,.. Read More;

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