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  • President Trump signs Dodd-Frank rollback into law

    President Donald Trump signed a major Dodd-Frank rollback into law Thursday, hoping to bring regulatory relief to community banks across the U.S. The president explained Dodd-Frank’s costly regulations gave large banks a negative advantage at the cost of small banks throughout the country. Click the headline to read more.

Items Tagged with 'mortgage lender'

ARTICLES

  • HarborOne Bank spins off Merrimack Mortgage business, founds HarborOne Mortgage

    Combines internal mortgage operation with Merrimack Mortgage
    Back in 2015, HarborOne Bank, a Massachusetts-based bank, boosted its mortgage business by acquiring Merrimack Mortgage Company, a privately held mortgage originator based in New Hampshire. Now, HarborOne is combining its internal mortgage operation with Merrimack Mortgage and establishing a new mortgage business, which will be called HarborOne Mortgage.
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  • Fannie Mae now allowing lenders to contribute to borrower closing costs

    Funds must be a gift and cannot be used toward down payment
    While it’s not quite the same as the down payment assistance that the government-sponsored enterprises used to allow, lenders now have a new way to help borrowers buy a home – closing cost assistance. Fannie Mae announced this week that it will now allow lenders to contribute to borrowers’ closing costs, as long as the money is a gift and is not used towards a borrower’s down payment. Click the headline to read more.
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  • Hey mortgage lenders! Do you know why we have an FHA commissioner?

    History lesson on why it’s difficult to get someone in that position
    [Op-ed] Chances are, as mortgage lenders, you have heard some discussion in recent months about the Federal Housing Administration commissioner (or the lack of one) at HUD. So, what, exactly, is an FHA commissioner and why is it so difficult to get someone into that position?
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  • Thousands of mortgage lending jobs at risk as refis drop

    Refinances prepare for lowest level since 2000
    Thousands of lending jobs are now at risk as the number of refinances continue to fall, threatening to sink to their lowest level since 2000. One expert said overall mortgage originations could see a decrease of 15% to 20%, leading to a job loss of about 10% within the mortgage industry.
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  • Reverse mortgage lender AAG expanding into traditional mortgage lending

    Plans growth throughout 2018
    American Advisors Group is one of the nation’s largest reverse mortgage lenders, but now, the company is expanding into traditional forward mortgage lending as well. According to AAG, it began piloting forward lending in 2017, and the company is now ready to roll out forward mortgages on a large scale.
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  • TCF Bank buying Rubicon Mortgage Advisors

    Lender operates in Minnesota, North Dakota, California, others
    TCF National Bank, a Minnesota-based depository, announced this week that it will acquire Rubicon Mortgage Advisors, a mortgage lender with offices in Minnesota and North Dakota and licenses to operate in South Dakota, Wisconsin, Colorado, and California. The companies say the deal is a win-win. Here's why.
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  • EXCLUSIVE: Nation's top mortgage lenders reveal their secrets to success

    What makes these companies tick? We asked, they answered
    HousingWire set out to find out how the nation's top 10 originators dominated the mortgage industry in 2016, including their best advice for up-and-coming mortgage lenders. Here’s what some of the top mortgage lenders say were the main drivers of their growth, and what they will be focusing on going forward.
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