Exclusive: Mortgage lender loanDepot will soon offer personal loans

New FICO program reveals credit score to risky borrowers

Idea comes from CFPB request

Is this any way to run a mortgage market?

Here's the right solution
W S

Blogs

new REwired blog header

REwired

Opinion, commentary and analysis on everything that makes the U.S. housing economy tick -- not to mention the ghosts in the machine, too. Written by HW's team of editors and reporters each business day. Read More

Is this any way to run a mortgage market?

Here's the right solution
Paulina McGrath
In spite of their Achilles heel status in the U.S. housing market, the GSEs have been intentionally left vulnerable to the slightest hiccup in either the market or their financial performance and/or the most insignificant miscalculation in their hedging strategy.
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Monday Morning Cup of Coffee: FHFA g-fee, PMI shift too much or too little?

Clouds on housing finance horizon; Zillow/Move fight gets personal
Trey Garrison
Things are looking rough for housing with a sluggish start to the spring buying season, and that trickles all the way up to the outlook for agency MBS. Plus, Move takes off the gloves in its ads, and the industry reacts to recent FHFA moves. Read on.
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Hey Yahoo, 2005 called, and it wants its mortgages back

This was the most amusing (and depressing) mortgage-related read of the week
Jacob Gaffney
“A man who spent years sleeping in a cardboard box by a bus stop found a bank account he had forgotten - with enough money for the deposit on a house.” If correct, that means he needs to get a mortgage. Truth is, no one is going to give this guy a mortgage.
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Will unprecedented mortgage lending finally save Detroit?

Bank of America, NACA partner to offer zero-down, below market rate mortgages
Ben Lane
A newly created program, called the “Detroit Neighborhood Initiative,” is based on a partnership between the city of Detroit, the Neighborhood Assistance Corporation of America, the Opportunity Resource Fund and Bank of America, and the program goes to unprecedented lengths to help restore the city to its former glory.
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Second look: Here's where Fannie got it right

Examining the Fannie Mae mortgage assistance for HomePath
Trey Garrison
Under the program, qualifying first-time homebuyers can receive up to 3% of the purchase price of the subject property in closing cost assistance toward the purchase of a HomePath property. It's time to set the record straight on the wisdom of the program.
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Closing Call

Breaking down the TILA-RESPA Integrated Disclosure, how it impacts your business, and ways to solve it. Written by the experts at Pavaso each business day. Read More

A new era of solutions

Recapping last week's posts and tech progress this year
Mark McElroy

Solutions exist today that can help with a large majority of the business process shifts that will result from the rule. And the last year has provided an opportunity for them to solve things further.  


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TILA-RESPA technology cheat sheet

What you need to know when investing in a digital closing solution
Matt Corcoran

If you fired off an email, handed the consumer a brochure, or even simply talked about something face-to-face, how will you record or determine if the consumer engaged that content? The digital delivery of educational content will be key to not only getting the consumer to interact with it, but tracking what the consumer actually accessed.


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How to save $1,100 or more on the cost to close each loan

A digital solution can help lenders' profit margins
Matt Corcoran

If you’re one of the lenders who hasn’t converted over to a digital closing platform yet, chances are you’re going to be a little lost (and even further behind) when that next phase of development kicks off about two months from now.  


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MBA Annual has come and gone, but TILA-RESPA is here to stay

What progress have you made one week after the conference?
Matt Corcoran

As you head to complete this phase by Week 28, you not only need to look at how your organization operates internally, but how it operates externally as well with business partners and consumers to ensure regulations around the three-day delivery rule for the Loan Estimate are met.  


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TILA-RESPA Phase I complete

Get ready for Phase II of the Lender Implementation Timeline
Mark McElroy

Staying on par with the timeline, next week will kick off the Analyses and Decisions phase, in which you’ll be reviewing your workflow, systems and compliance in order to determine the revised procedures, system recommendations and policies necessary.


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