Lending

How will technology impact loan originators in 2017?

Here are predictions from 5 leaders
In 2016, there was an explosion of new tech-focused lenders, origination platforms, and other tools to help professionals provide consumers with a better experience. This year, loan originators will be the deciding factor in which technologies are adopted — and which die. Here is what five experts have to say about it.
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These 4 charts break down the details behind Millennials living at home

Plus the who, what, where, why, and how
Student debt, housing affordability and income are commonly tossed out as the culprits behind Millennials needing to move back in with their parents. The details, however, are a little more complicated than that. These four charts break down what Millennials living at home looks like (and we're not talking about their bedrooms).
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CFPB fines Experian $3 million for lying about consumers' credit scores

Told consumers that purchased credit scores were same ones that lenders used
Experian, one of the nation’s three major credit reporting bureaus, misled consumers by telling them that the credit scores they purchased from the company were the same ones that lenders used to make credit decisions, the Consumer Financial Protection Bureau said Thursday. And for that deception, the CFPB is fining Experian $3 million.
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FHFA: Fannie, Freddie single security needs another year to finish

Phase 2 of common security implementation pushed from 2018
Citing the need for additional time for testing and development to ensure a "smooth transition," the Federal Housing Finance Agency announced Thursday that the implementation of the single security, the joint initiative from Fannie Mae and Freddie Mac to develop a single mortgage-backed security that will be issued by the government-sponsored enterprises, is being delayed until the second quarter of 2019.
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Freddie Mac: Mortgage rates see greatest drop in months

30-year rate decreases even after Fed raises rates
Even after the Federal Reserve elected to raise rates in its March meeting, interest rates still followed the Treasury yield, which fell 10 basis points. In fact, this week’s decrease in mortgage interest rates marks the sharpest decline in months.
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Nationstar names interim CFO after Robert Stiles departs company

Amar Patel will serve as interim CFO
One month ago, Nationstar Mortgage celebrated the fact that its revenue grew significantly in the fourth quarter, climbing nearly 46% year-over-year. Now, Nationstar will have a new person in charge of that money as the nonbank announced Wednesday that it named Amar Patel, who previously spent 10 years with the company, as its interim chief financial officer.
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Innovation in housing and home financing takes the stage at SXSW 2017

SXSW shifts to include typically "unsexy" industries
For many people, South By Southwest represents the epitome of music exploration. What you may not realize is how the festival has grown over the last 30 years since it’s inception, not only exploring the future of entertainment and media, but also the best of innovation across technology and business. And now this year, innovation in housing and finance were brought center stage at SXSW. This is great news for an industry that's behind when it comes to technology.
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