Lending

NAR: Inventory shortages push homeownership further out of reach

And it’s not going away anytime soon
A lack of housing inventory continues to stifle the housing market, making it difficult for potential homeowners to get on the property ladder. And according to the latest quarterly report from the National Association of Realtors, the problem is not going to subside anytime soon, impacting more than first-time homebuyers.
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CFPB corrects error in TRID rule

Falls victim to the dreaded 'typographical' error
It’s been four months since the implementation of the CFPB’s TILA-RESPA Integrated Disclosures rule in October shook up the housing industry, and many in the industry are still getting used to the new normal. But, starting Wednesday, there’s a small portion of the TRID rule that will be changing, thanks to a “typographical error” in the supplementary information provided by the CFPB.
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Calyx expands service to give mortgage lenders 'broadest view'

Origination clients can now see all loan options in one place
Paper may be a thing of the past as one software company creates a way to apply for, see and compare all loan options online. Dennis Boggs, executive vice president, CalyxSoftware said: "Our product and pricing engine gives originators the broadest view of what is available."
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Los Angeles Rams owner Stan Kroenke purchases massive Texas ranch listed for $725M

It’s larger than New York City and Los Angeles combined
Stan Kroenke, the owner of the Los Angeles Rams, made headlines recently when the NFL agreed to allow Kroenke to move the team from St. Louis to Los Angeles. But the 60 acres that Kroenke owns in Inglewood, California where the team's new stadium will be built pales in comparison to his latest purchase.
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Valuation Partners adds Denise Neely as vice president

Will oversee business development and new client services
Appraisal management company Valuation Partners announced Denise Neely has joined the company as Southwest region vice president. Neely’s new role includes overseeing business development and new client services in Arkansas, Alabama, Colorado, Louisiana, Mississippi, New Mexico, Oklahoma, Tennessee and Texas.
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Freddie Mac to consumers: Here's how to avoid mortgage fraud

Video shows 'red flags' to look out for
As part of a continuing series that aims to educate consumers on all aspects of the homebuying process, Freddie Mac released a video that tells consumers how to avoid mortgage fraud when applying for a loan. In the video, Freddie Mac identifies several "red flags" that consumer should watch out for.
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CoreLogic: Foreclosures fall to lowest level since 2006

Recovery from housing crisis continues
In another sign that the recovery from the housing crisis is ongoing rather than stalled out, the total number of completed foreclosures in 2015 was the lowest number of completed foreclosures in any year since 2006, a new report from CoreLogic shows.
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1st Portfolio Lending changes name to WashingtonFirst Mortgage

Completes integration into WashingtonFirst Bank after acquisition finalized
WashingtonFirst Bankshares, the parent company of WashingtonFirst Bank, announced Monday that it is rebranding its wholly-owned residential mortgage lending subsidiary, 1st Portfolio Lending, as WashingtonFirst Mortgage.
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