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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.

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

  • President Trump signs Dodd-Frank rollback into law

    Republicans hope to extend regulatory relief to small bankers
    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.
    Read More
  • Freddie Mac: Mortgage rates haven't risen this consistently in 40 years

    Highest sustained climb since 1972, at least
    Mortgage rates haven't risen this consistently to start a year in more than 40 years, according to Freddie Mac’s latest Primary Mortgage Market survey. “Through May, rates have risen in 15 out of the first 21 weeks, which is the highest share since Freddie Mac began tracking this data for a full year in 1972,” Freddie Mac Chief Economist Sam Khater noted.
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  • Boise poised at the right angle for housing growth

    Idaho's biggest MSA mixes population growth and low unemployment for strong projected appreciation
    Treasure Valley, indeed! The data used for the VeroFORECAST shows the Boise-Nampa MSA has a very tight 1.7 months supply of homes, meaning that if no listings were added and demand continued at the current rate, everything currently for sale would be gone in about seven weeks. 
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  • Mortgage applicants may not always be intentionally fraudulent

    Lenders should arm themselves to know the difference
    [Op-ed] Information is shared rapidly but information is only information. It does not mean it is accurate information. Investigation is usually warranted. Communication is key. Speak to colleagues, managers, borrowers, title, and ask questions about anything that doesn't make sense. 
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  • Opendoor expands home trade-in program to all builders

    Company launches Homebuilder Program beyond its pilot
    Opendoor, an online marketplace that buys homes directly from homeowners, announced this week it has expanded its Homebuilder Program beyond its pilot and is now available to all homebuilders. Homeowners using the program can sell their existing home to Opendoor and be connected with a homebuilder that will build them a new home, all in one transaction.  
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  • MBA: Mortgage refinances drop to 18-year low

    But mortgage rates continue to increase
    Mortgage applications followed last week’s decreasing trend, falling 2.6% from last week and the refinance index dropped to its lowest level since December 2000, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending May 18, 2018.
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  • Digital mortgages slash turn times of mortgages to secondary market

    The two parts of the digital mortgage
    The final day of the Mortgage Bankers Association Secondary conference in New York City ended with a panel of experts who spoke on the importance of the digital mortgage to the secondary market. Panelists explained that consumers aren’t the only ones who benefit from the digital mortgage and eClosing process.
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  • First-time homebuyers key to opening access to credit

    And why setting a homeownership rate goal doesn’t make sense
    Access to credit remains tight not only compared to the housing boom years but also compared to historical levels. At the Mortgage Bankers Association Secondary conference in New York City, panelists at the Access to Credit session discussed how to safely open the credit box, and what some of the current hindrances are.
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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