News

CBC offers new LexisNexis FCRA report for lien and judgment data

Fills gap left by credit reporting agencies, which will stop providing the information July 1
Starting July 1, the three national credit reporting agencies will stop collecting and reporting information on lien and judgement data obtained from public records, leaving lenders with a significant hole in their assessment of a borrower’s creditworthiness. To fill that information gap, two subsidiaries of CBC Companies — CBCInnovis and Factual Data — are offering the LexisNexis RiskView Liens & Judgments Report.
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Grassroots military organizations ask Congress to save the CFPB

VoteVets, Common Defense say that CFPB protects servicemembers
As the Financial CHOICE Act winds its way through the House of Representatives, two grassroots organizations that represent current and former members of the military are asking the members of Congress to leave the Consumer Financial Protection Bureau alone and allow the bureau to continue functioning as it does now.
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OfferPad signs on for Zillow's "Instant Offers" home-buying program

Begins making offers to home sellers in pilot program
It’s now been a few days since Zillow sent the housing business into a bit of a fervor when it announced that it was getting into the home-selling business with its “Instant Offers” program, and more details about how the program will work are beginning to emerge. Now, another of the participating investors has revealed itself.
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Want to recruit more Millennials? Learn what matters most from our experts

HousingWire Rising Stars give tips on what really works
One thing became clear very quickly during HousingWire’s webinar on how to hire Millennials on Thursday — few attendees knew they wanted to go into housing at the outset of their careers. And yet, like our three panelists, they are all got into the industry one way or another. So how do we get others to join a space that a lot of Millennials are unfamiliar with? These three HousingWire Rising Stars give tips on where to start to fix this problem.
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Stearns Lending introduces new loan program with lower payments for first two years

Lender-paid buydown program reduces borrowers' interest rate for 24 months
With loan originations on the decline, it seems that lenders are stepping “out of the box,” so to speak, when it comes to targeting prospective borrowers. Some lenders are offering 1% down payment programs, but what about borrowers who are more concerned with their monthly payment as opposed to their upfront costs? Stearns Lending claims to have an answer for that.
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CAR: California pending homes sales drop four months in a row

Lack of inventory trips up strong spring home-buying season
California pending homes sales continued to trend down in April due to low housing inventory and eroding affordability. The report also came with CAR’s April Market Pulse Survey, which gave a more in-depth explanation from California Realtors on what they are witnessing in the market. Spoiler: Realtors aren’t too optimistic about the rest of the year.
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Attom: Refinance originations fell to 10-year low in 1st quarter

Overall origination volume by dollar amount drops to three-year low
Mortgage rates may sit at a yearly low right now, but earlier in the year rates sat well north of 4%, and that drove first-quarter refinance originations to the lowest level in 10 years, a new report from Attom Data Solutions shows. Here's a full breakdown of Q1's loan data.
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Mid America buys eNote from North Carolina's first eClosing

eClosing to be regular option for lenders
North Carolina performed its first-ever eClosing back in May, marking the first transaction that was a full eClosing. Plus, according to state officials, it won’t be the last. Taking it one step further, Mid America Mortgage announced it purchased the eNote, ensuring the mortgage has an investor.
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