Items Tagged with 'Lending'

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Borrowers love Wells Fargo’s 3% down program

Program makes up about 3% of new apps
First-time homebuyers are taking a liking to Wells Fargo’s 3% down program as applications came in at $1 billion during the program’s first month. Wells Fargo spoke about the success of the program on the company’s earnings conference call.
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AssetAvenue offers new loan for rental investors

Considers income possibility over debt-to-income ratio
Although FirstKey Holdings is reportedly ending its lending program for smaller investors due to high costs, AssetAvenue decided to take a turn at it. The company just announced its new program designed for lenders, which will look at the property’s rent income, rather than the investor’s personal income.
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Sindeo joins REach Real Estate accelerator class of 2016

NAR program provides education, mentorship and market exposure
“Sindeo is modernizing the mortgage experience, making it simpler and more transparent for consumers and the Realtors they work with,” said Dale Stinton, president of Second Century Ventures, and CEO of the National Association of Realtors.
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FirstSource purchases ISGN’s BPO business

They are to expand into higher-market services
FirstSource, a business process outsourcing company, purchased US-based mortgage service provider ISGN’s BPO business to expand their company. According to The Economic Times, FirstSource said that more than 700 employees from ISGN’s BPO division in the U.S. and India will join FirstSource through this acquisition.
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