Lending

Lending
News and information related to retail lending, wholesale and correspondent, and mortgage origination. General economic trends get worked in here, too; GDP, jobs, apps, rates.

ARTICLES

  • MBA Tech: New privacy laws pose looming threat to lenders

    GDPR and CCPA are just the beginning of international and state regulation
    For mortgage companies struggling with compressed margins, complying with consumer protection laws is a constant high-wire act. In this precarious environment, privacy laws like GDPR and CCPA represent a looming threat that could knock small and regional lenders right off the tightrope. Four experts tackled the subject of emerging privacy laws at the Mortgage Bankers Association Tech Conference and the consensus — from the stage and from the room — was that there are no easy answers.
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  • Millennials, seniors are fleeing cities in search of affordable housing

    Home building and sales are heating up in the "exurbs," and the trend could be risky
    While the housing market on the whole has experienced a slowdown, there are some unexpected markets that are heating up. They’re called the exurbs – or remote areas just beyond affluent suburbs – and Millennials and retirees are flocking to them. Why? Because rising home prices and high mortgage rates are driving some homebuyers out of urban centers toward remote locations where homes are more affordable.
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  • Fannie Mae declares support for DACA mortgage borrowers

    Reiterates guidelines on mortgages for non-citizens
    While it appears that the Federal Housing Administration may not be backing mortgages for Deferred Action for Childhood Arrivals recipients, Fannie Mae declared recently that it supports (and will continue to support) mortgages for DACA recipients, also called Dreamers.
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  • Sneak peek: Here are 10 Tech100 winners

    Full list revealed on April 1
    It’s almost here – the moment we’ve all been waiting for – the announcement of Tech100 winners! But some lucky winners won’t have to wait until April 1, 2019 to find out if they won. We decided to give you a sneak peek right here of 10 winners!
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  • FEMA leaks sensitive personal information of 2.5 million disaster survivors

    Leaks banking information and addresses
    FEMA recently revealed it mistakenly leaked the banking information of 2.5 million U.S. disaster survivors. The Department of Homeland Security Office Inspector General discovered the leak in which FEMA shared sensitive, personally identifiable information of disaster survivors who previously used the company’s Sheltering Assistance program.
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  • Case-Shiller: Home price gains are shrinking, further escalating a housing market slowdown

    Las Vegas continues to lead the nation in annual gains
    In January, annual home price gains slid nationwide, according to the latest Case-Shiller Home Price Index from S&P Dow Jones Indices and CoreLogic. S&P Dow Jones Indices Managing Director and Chairman of the Index Committee David Blitzer said home price gains continue to shrink.
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  • [Pulse] Hey real estate agents and mortgage LOs, here are 12 scripts that will get a lead's attention

    Forget the phone call, it's all about the text
    Data now shows that texting your leads first and calling them only as a follow-up to the text, is the best way to respond to your real estate and mortgage leads. But what do you say to get their attention without being a pest? Below you’ll find 12 different text message scripts that work extremely well for real estate agents and loan officers looking to connect with a prospective client.
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  • MBA Tech: Is it better to build your own technology or buy it?

    Panel explores pros and cons of developing tech solutions
    When it comes to utilizing technology in your business, is it better to build your own solution or to buy one that is already developed and ready to use? Well, that depends what you’re looking for, according to experts at the Mortgage Bankers Association’s 2019 Technology Solutions Conference.
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  • Real estate agents say housing market is favoring buyers

    Anticipating a surge of supply this spring, buyers are taking their time
    Real estate agents say many of their buyers are encouraged by an expected surge of supply this spring, and that a number of them are taking a wait-and-see approach rather than hustling to get a deal done. This market shift that puts the control in the hands of the buyer was revealed by a recent Credit Suisse survey of 500 real estate agents around the country. Here's what else they had to say.
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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
Joe Markham

Joe Markham

Joe Markham is the founder and CEO of Block66, a blockchain-powered platform that increases transparency, streamlines capital deployment and overcomes geographical lending restrictions in the mortgage industry
Travis Kniffen

Travis Kniffen

Travis Kniffen is the director of business development, partnerships at Roostify.