Lending

Lending

ARTICLES

Here's one unusual tip on how to beat out all-cash buyers

It's a competitive market out there!
When the market gets competitive, all-cash offers typically win out as inventory tightens and bidding wars commence. This leaves borrowers who choose to finance at an extreme disadvantage - until now. One unique tip from an article in The New York Times could be the key difference in locking in a home, but it's not for everyone.
Read More

New York unveils $13 million program for cities' fight against zombie homes

New grant program uses Morgan Stanley settlement funds
The state of New York takes its next steps in its ongoing battle against neighborhood blight caused by abandoned foreclosures by unveiling a new program designed to help cities throughout the state fight back against the rise of zombie homes. And the state is using money from a massive settlement with Morgan Stanley to do it.
Read More

Valuation Partners hires new VP

Jayson Dammen to oversee business in 10 states
Dammen brings over 25 years of experience in the mortgage industry, primarily as a correspondent lending executive. Most recently, he worked as an account executive in the correspondent lending division at Impac Mortgage Holdings.
Read More

On the rebound: Get ready for the 2018 surge of homebuyers

Here's what MLOs and Realtors need to keep in mind
'Rebound' might not be a good thing when referring to a dating situation, but it's not a bad thing at all when we're talking about housing. In fact, there are a lot of people 'on the rebound' that mortgage loan officers and their Realtor partners should be courting. Approximately 1.5-million consumers are eligible to buy homes in 2018. Ready?
Read More

Mortgage income pushes SunTrust earnings up in Q2

Mortgage apps increase 27% annually
SunTrust Bank reported positive earnings for the second quarter. Revenues increased from last month and last year, driven mainly by the company’s mortgage-related income, which increased even while interest rates are near all-time lows.
Read More
Paulina Gonzalez

Paulina Gonzalez

Paulina Gonzalez is the executive director of the California Reinvestment Coalition, which advocates for the right of low-income communities and communities of color to have fair and equal access to banking and other financial services. CRC has a membership of over 300 nonprofit organizations and public agencies across the State. Follow her on Twitter @calreinvest