Mortgage TrueView has announced the launch of LenderScores.com, a new Web site designed to help consumers identify and choose the best lender for their circumstances. The tool, which is available to consumers at LenderScores.com, was created to address the limitations of the Home Mortgage Disclosure Act (HMDA) data.
Patrick Barnard is a seasoned journalist with more than 20 years of experience in newspapers, magazines and online media. Prior to becoming editor for MortgageOrb.com, as well as Secondary Marketing Executive and Servicing Management magazines, he worked as a regional editor for AOL’s Patch Media.
Seeking to "gain greater insight into issues about access to credit," the Consumer Financial Protection bureau (cfpb) announced the launch of a rulemaking process to change reporting requirements.
Mortgage TrueView has announced the release of a new Home Mortgage Disclosure Act (HMDA) scoring and benchmarking tool. The new scores provide lenders with insights into their own lending practices, as well as a comparison to the rest of the industry. For the first time, lenders have the ability to understand their own HMDA data in order to both stay compliant and increase loan volume for.
The new tool, Aclaro TrueView is designed to provide automotive and other lenders with a competitive advantage through robust features that save them time, money, and facilitate better lending.
HUD fines Philadelphia real estate company for racial discrimination Flagstar mortgage servicing settlement with CFPB imminent WASHINGTON, Sept 29 (Reuters) – The U.S. consumer watchdog on Monday said Flagstar. it broke new mortgage servicing rules and hurt struggling borrowers’ efforts to stay in their homes. The U.S..Facebook (Still) Letting Housing Advertisers Exclude Users by Race – In February, Facebook said it would step up enforcement of its prohibition against discrimination in advertising for housing, employment or credit. But our tests showed a significant lapse in the.
Mortgage TrueView has announced the launch of LenderScores.com, a new Web site. The tool, which is available to consumers at LenderScores.com, was created to address the limitations of the Home.
MBA: New home purchase mortgage apps rise 5% Three Missouri men charged with defrauding TARP Bank The park avenue bank tarp fraud arrest likely first of more to come, U.S. attorney says.. Antonucci is also charged with defrauding a church in Coral Springs, Fla., causing pastors to wire.Mortgage Bankers Association (MBA) Mortgage Applications measures the change in the number of new applications for mortgages backed by the MBA during the reported week. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading.
Congress enacted the Home Mortgage Disclosure Act (“HMDA”) in 1975 to ensure fair lending practices are followed by banks and lending institutions. HMDA requires certain lenders to collect, record, report, and disclose information about their mortgage lending activities. Why does it matter this year? It now applies to business purpose loans.
Monday Morning Cup of Coffee: California housing market tightens, FDIC closes 2 banks UPDATE, 4:45 pm: New york times editor bill keller gave the following statement to Politico’s Michael Calderone on the allegations made by McCain operations manager Steve Schmidt today. "The New York.MBA: New home purchase applications slip back down The 30-year mortgage, a product of the Depression The 30-year FRM is now the dominant mortgage product in the U.S., but it did not become so pervasive simply because of the GSEs. Why Is Federal Housing Policy Fixated on 30-Year Fixed-Rate.HousingWire News Podcast: If your lending tech isn’t what Millennials want, can you survive long-term? recovery questioned as jobless claims jump durable goods orders placed with manufacturers in the U.S. surged in the first month of the year to reverse a decline to close 2010, while a drop in jobless claims boosted hopes that the recovery.What To Consider When Buying Your Hearing Aid – HousingWire News Podcast: If your lending tech isn’t what Millennials want, can you survive long-term? housecanary hires tech exec as president and coo digital mortgage company Better.com expands to five new statesHome affordability drops in second quarter Freddie mac economist sees sunny economy in second half Sub-prise! Mortgages get looser despite tighter regulations Mortgages get looser despite tighter regulations Sub-prise! Concerns that potential mortgage borrowers would be pushed out of the housing market due to new lending regulations and standards are unfounded, according to the latest housing risk briefing from the american enterprise institute’s International Center on Housing Risk.Fannie Mae and Freddie Mac’s March report foretasted a declaration in the overall economic growth predicting the U.S. GDP growth at 2.5% in 2019 and 1.8% in 2020.Home Values Rise, Housing Affordability Dips in Second Quarter Housing affordability fell slightly nationwide in the second quarter as several markets saw home prices increase; but low mortgage interest rates and strong job growth continue to provide consumers opportunities for homeownership, according to the National Association of Home.Mortgage rates were back on the slide following. Rates were down by 48 basis points from last year’s 3.87%. The average fee held steady at 0.4 points. According to Freddie Mac, home purchase.
FICO launches new credit score program; NAFCU encourages lender flexibility In early 2019, FICO plans to launch a new credit scoring system – UltraFICO Score – that will evaluate how consumers manage their checking and savings accounts as well as loan repayments in an effort to open up credit approvals for more consumers.
Loan/Application Register (LAR) Formatting Tool. The LAR Formatting Tool is intended to help financial institutions, typically those with small volumes of covered loans and applications, to create an electronic file that can be submitted to the HMDA Platform.
FHFA Inspector General counters: Here’s why nonbanks need prudent regulation HousingWire News Podcast: If your lending tech isn’t what Millennials want, can you survive long-term? cable stories at Techdirt. – While Comcast rather buries this fact, the company’s ads make it clear that to order get Flex, you can’t have your own router, but have to also rent Comcast’s XFi Gateway for an additional $10-13.Guaranteed Rate ordered to pay $25M to Mount Olympus Mortgage for data theft FHFA Inspector General counters: Here’s why nonbanks need prudent regulation The United states subprime mortgage crisis was a nationwide financial crisis, occurring between 2007 and 2010, that contributed to the U.S. recession of December 2007 – June 2009. It was triggered by a large decline in home prices after the collapse of a housing bubble, leading to mortgage delinquencies and foreclosures and the.Freddie Mac CEO: Lenders should offer more low down payment mortgages Mortgage With No credit score: Possible Before, Easier Now. While the average credit score for successful mortgage borrowers in February 2017 was 720, (and 686 for FHA borrowers), not everyone who.