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Lower raises $100M, looks to challenge digital lenders Better, Rocket

National Mortgage
Mortgage Finance
4 years ago

Lower announced on Wednesday that it closed $100 million in a Series A fundraise.Accel, a venture capital firm, funded the,.. Read More;

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Newcastle Deposit Unlock scheme hailed a step forward for low deposit lending

Mortgage Finance Gazette
Mortgage Finance
4 years ago

The deals, which are the first to be made available under the insurance-backed mortgage scheme, will start at 3.50% for,.. Read More;

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Accord boosts 95% LTV remortgage offering

Mortgage Finance Gazette
Mortgage Finance
4 years ago

The lender said it was making the ‘significant improvements’ to the residential range to in a bid to offer a,.. Read More;

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United Trust Bank launches online mortgage DIPs and Auto-underwriting

Mortgage Finance Gazette
Mortgage Finance
4 years ago

The system enables brokers to receive a real-time decision – pass, refer or decline – following completion of a short,.. Read More;

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Atom launches Near Prime mortgage range

Mortgage Finance Gazette
Mortgage Finance
4 years ago

The app-based bank said it was one of the first to introduce the scheme which comes after data from PWC,.. Read More;

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Loan modifications are up for the first time in a year, FHFA finds

National Mortgage
Mortgage Finance
4 years ago

Although the average borrower that suspended payments for pandemic hardships is most frequently choosing to resume their original obligations and,.. Read More;

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Homeowners are staying put for longest stretch in 20 years

National Mortgage
Mortgage Finance
4 years ago

Another rise in borrower purchasing power helped offset the historic lack of housing supply caused by “homebodies” who are holding,.. Read More;

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Forbearances drop to lowest level since April 2020

National Mortgage
Mortgage Finance
4 years ago

The past year of frenzied housing activity and economic recovery drove forbearances back down to levels not seen since the,.. Read More;

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Critical defects in mortgage files reach highest level in years

National Mortgage
Mortgage Finance
4 years ago

The critical mortgage loan file defect rate for 2020 was the highest since Aces Quality Management started tracking this data,.. Read More;

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Lenders, get your fair lending policies in order before it's too late

National Mortgage
Mortgage Finance
4 years ago

Beyond the obvious of lending money for real estate, the mortgage industry is known for two things: acronyms and evolving,.. Read More;

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U.S. existing home sales fell for a fourth straight month in May

National Mortgage
Mortgage Finance
4 years ago

Sales of previously owned U.S. homes fell for a fourth straight month in May as higher home prices and lean,.. Read More;

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Yes, You Can Buy a House Without a Hefty Down Payment or None at All | Mortgage Investors Group

Mortgage Investors Group
Mortgage Finance
4 years ago

Yes, You Can Buy a House Without a Hefty Down Payment — or None at All ,.. Read More;

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