The latest economic and policy trends facing mortgage servicers

Join this webinar for an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies servicers should employ in the next year.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

Zillow analyst on whether home prices can keep climbing

Today’s episode of HousingWire Daily features an interview with Nicole Bachaud, as she discusses annual and monthly home price appreciation growth, rising inventory levels and rent prices.

Lenders, it’s time to consider offering non-QM products

The non-QM market is making a comeback following a pause in 2020. As lenders rush to implement, Angel Oak is helping them adopt these new lending products.

InvestmentsMortgageReal Estate

South State Bank commits $100 million to low-income, minority borrowers

Will seek eligible borrowers in North Carolina, South Carolina, Georgia, Virginia

South Carolina-based South State Bank announced Monday that it is launching a mortgage lending initiative, pledging $100 million to consumers located in low-to-moderate income and minority areas in North Carolina, South Carolina, Georgia, and Virginia.

According to the bank, the $100 million commitment is part of the bank’s merger with Park Sterling Bank, which has more than 50 branches in North Carolina, South Carolina, Georgia, and Virginia.

“We are well underway with the planning for our upcoming merger with Park Sterling,” Tom Ledbetter, president of the mortgage division for South State Bank, said of the merger that was announced in late April.

“As South State expands, we remain committed to assisting low to moderate income and minority communities,” Ledbetter continued. “This new lending commitment will allow us to offer our existing services and deepen relationships with customers and communities throughout the newly combined footprint.”

In a release, South State said that it will begin an “outreach effort” later this year to target eligible borrowers. Then, in the late fourth quarter of 2017, South State will begin originating 1-4 family mortgage loans as part of this initiative, the bank said.

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3d rendering of a row of luxury townhouses along a street

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