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CFPB warns consumer lenders on 'black-box' algorithms

National Mortgage
Mortgage Finance
3 years ago

Financial institutions that use complex algorithms in their lending decisions are legally required to provide a specific explanation to consumers,.. Read More;

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HELOC growth at fintechs points to potential shift for nonbanks

National Mortgage
Mortgage Finance
3 years ago

Figure Technologies on Wednesday recorded its sixth-consecutive record month of demand for its home equity lines of credit, adding to,.. Read More;

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Propy introduces blockchain title and escrow service

National Mortgage
Mortgage Finance
3 years ago

Propy Title & EscrowHand-out/Propy Propy, an online real estate company, has started offering title and escrow services on,.. Read More;

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Recession worries cause mortgage rates to cool

National Mortgage
Mortgage Finance
3 years ago

Following sharp spikes driven by inflation worries, geopolitical concerns and Federal Reserve moves, mortgage rates have begun to reverse course,,.. Read More;

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Mortgage payments keep rising by around $100 per month

National Mortgage
Mortgage Finance
3 years ago

The median obligation in purchase loan applications rose 8.8% to $1,889 in April from $1,736 in March, marking the third,.. Read More;

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Wells Fargo fires mortgage staff for misuse of appraisal waivers

National Mortgage
Mortgage Finance
3 years ago

Wells Fargo fired an undisclosed number of mortgage staff for misconduct over their efforts to obtain waiver appraisals, the bank,.. Read More;

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Mortgage lenders not required to pay contributions to FSCS

Mortgage Finance Gazette
Mortgage Finance
3 years ago

In the latest outlook, the FSCS says explains that it does not receive claims from home management providers as they,.. Read More;

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Maxwell product allows real estate agents to offer mortgages

National Mortgage
Mortgage Finance
3 years ago

Mortgage fintech Maxwell hopes its new product can turn more businesses into home lenders by eliminating some of the hurdles,.. Read More;

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Construction project sustainability suffering, reports Rics

Mortgage Finance Gazette
Mortgage Finance
3 years ago

In a new Royal Institute of chartered Surveyors (Rics) report, 2,500 chartered surveyors from across the globe said these were the main,.. Read More;

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John Charcol renews contract with Optimus

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The new deal was signed by the broker following a year of working with Optimus’ conveyancing panel management services. The Optimus,.. Read More;

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Majority of older homeowners plan to age in place

National Mortgage
Mortgage Finance
3 years ago

A majority of the nation’s older homeowners plan to age in place and leave their home, or the money from,.. Read More;

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Not a lot of momentum to reform outdated flood insurance program

National Mortgage
Mortgage Finance
3 years ago

After five years of stopgap extensions, there is bipartisan support for a long-term overhaul of the National Flood Insurance Program,.. Read More;

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